HG v.97ff?Sii 
 
 POSTAL SAVINGS SYSTEM 
 
 TITLE NINE OF THE POSTAL LAWS AND 
 
 REGULATIONS RELATING TO THE 
 
 POSTAL SAVINGS SYSTEM 
 
 AS AMENDED 
 
 FOLLOWED BY THE POSJAL SAVINGS ACT 
 AND AMENDMENTS 
 
 EDITION OF JULY 1. 1917 
 
 ■ 
 
 WASHINCTaS 
 
 GOVERNMENT PRl.VTING OFFKE 
 
 :9I7 
 
Korm J*S44. (July, !917.) 
 
 JJiUit (Dftirr Dri^tartmrnt 
 
 POSTAL SAVINGS SYSTEM 
 
 TITLR NINE OF THE POSTAL LAWS AND 
 
 REGULATIONS RELATING TO THE 
 
 POSTAL SAVINGS SYSTEM 
 
 AS AMENDED 
 
 FOLLO>^'ED m' THE POSTAL SAVINGS ACT 
 AND AMENDMENT'S 
 
 EDITION OF JLn' I. 1917 
 
 WASHINGTON 
 
 COVERNME>rr PRINTING OFHCE 
 
 1917 
 

TITLE NINE, POSTAL LAWS AND REGULATIONS, 
 RELATING TO THE POSTAL SAVINGS SYSTEM. 
 
 Post Offk k Dkpaktmkxt, 
 
 Wd.^lihiOtott, Mini ^S, 1917. 
 Okdku No. .S53. 
 
 'riu> instnic-tions fcintuiiu'cl in the pamiiliJct (Mitillccl 
 '' Instructions to Postmasters at Postal Savinpi Deposi- 
 tory OflM-es." approved Juno 13, 1913 (Form PS 3, 
 eirective July 1, 1913), are hereby revoked, and Title 
 Nine, comprising; sections 1269 to 1288, inclusive, of the 
 P(»stal Laws and Ke»;ulations of 1913, relatin}^ to the 
 pDstal Savin«^ System, is amended to read as follows, 
 to take effect July 1, 1917: 
 
 TITLl': NINE. 
 POSTAL SAVINGS SYSTKM. 
 
 1. lOsTABLISUMKNT OK SkKVU K AND CoUKESPONDENCE. 
 
 (a) KfttahUjthment of srnnx^c. 
 
 Sec. 1269. The Poetmaatcr Genoral shall Boloct and desipnate Authnrit) for 
 tlif iMwt xllires whi<h an« to !>(> jMiHtal miviii^^'s deiniwiion' otrui-w, and iN,"t.ti '."runic'ii 
 nhall apiKiiiit and (i.x thfcnmpcn.'ciiion of such supcrintoiidcnts. ineiM'<- •'»)'''•'">• . 
 U>n«. and otnor cinployoi'a as may t)e nc<-eHBar\' in conductiiip, sujxT-STStnt.. .v.'j. 
 viaing, and dirwtinR the humncas of such oflicos, including tho em-o;t^-l); s'tu'i._ "m" 
 plovoce of arentral ofliro at Waaliinirton, Distric-t of ( 'olumhia, and nhail f*«> 'i>H; M'lr. 4, 
 
 s<*c. 6; J6 hliU., 
 
 pnwri^c the hours during \vhi< li ixwtal savinjjs de{xisi(op»' oflicea shall ii*>. 
 n>niain open. IIo shall al.M4j fnmi time tt) time make rules and re^Mila- 
 tiona with reflpc<t to the dei>o«it« in and withdniwals of moneys fnun 
 poHtal Having <lepofiitori«'« and the instie of J)iwh l>ooks or 8ii<h other 
 devif-es as he may a<lopt as eWdj'tu'o of such di'|«*iit« or withdniwaLs. 
 The pn>vision.Hof thea<t approved June twenty-fifth, ninete«Mi hundred 
 and t«'n, are hereby moditied arrordinRly. 
 S«c' section 28'J, |>anuTaph 5, as to ollice hours. 
 
 NoTR. — The a<lmini.<Ttration of tho Postal Savinps System is hv law OntMlMilon. 
 UmI into two parts. The Poettuja-Mter (Ir-nenii it* <harv'<'<l with the •■"nrtimi ot 
 iiation of po««t oilires as ptwtal savinpj dcp<>f«it<'rii's. the mipi-r-enU. 
 .i-i"ii of postal .Havinirs Inmiii. •- i. ted at d<i)<«^'itor\- v 
 and thf <ondti(t of the (-••n;'^ trativt- olVi. <• nt \'. 
 
 Tl»e Hoanl of Tri'""-' <■•■ '!••• I' • '• r i. ,;,.— "f l«n«r.l of 
 
 S«M-retar>- of the Tr- i with '"'■"^*'«^'' 
 
 the mansucement a; : ' i ^ they 
 
 h'ave the custody oi )Kiritnuu<tcrs. (,\ct "i Jua« it.i, i'JlO, wt. 1. m 
 amended bv the act of A\ip. 24. 1912.) Tlie Treasurer of the Uniteil — o( Treamirer erf 
 States i.^ treasurer of the Hoard of Tnisteos. (Act of May 18. 1916, ^'«»«t«i 8t»u». 
 sec. 2.) 
 
 'M\2b',V4, 
 
§1200, §12.70 POSTAL LAWS AND EEGULATIONS. 
 
 • f^H d°^l'°°t ^^ '^^^ Third Assistant Postmaster General is constituted the agent 
 Foltmad'tEr'livS- "^ ^^® Board cf Tnistees for all purposes connected with the qualifica- 
 
 erai. tion ot depository banks, the fixing of the amounts of securities to l)e 
 
 deposited and withdrawn by such banks, and the conditions of such 
 deposits and withdrawals, the deposit of postal savings funds to the 
 credit of said board and the -Rdthdrawal and transfer of such funds, 
 the authorization of the sale of securities of banks which fail or decline 
 to repay deposits on demand, the purchase of postal savings bonds for 
 depositors, and the repurchase of such bonds from holders at par. 
 
 rs5). 2. Postmasters at offices designated as postal savings 
 
 depositories shall post conspicuously one or more placards 
 (Form PS 5) calling the attention of the pubhc to the 
 postal savings service. 
 
 (b) Correspondence. 
 
 co^m'^munica- 3. All Communications from postmasters to the 
 
 ment.*" ^®^'^'^'^" Department in regard to postal savings business shall be 
 
 addressed to the Third Assistant Postmaster General, 
 
 Division of Postal Savings, Washington, D. C. 
 
 Facts to be 4. Correspondence with the department concerning a 
 
 specified. , . , i n -c c 
 
 depositor s account shall specify the name of the depositor 
 
 and, when necessary, the number of his account and the 
 
 be^fnctoLd "with amount on deposit. Letters should not be inclosed with 
 
 reports. monthly reports unless they refer solely to the inclosures. 
 
 envlfopis^^"^"^ 5- Official communications on postal savings business 
 
 shall be transmitted in penalty envelopes. 
 podtorTfn foref^ 6. Wlicu it bccomes iiccessary for a postmaster to com- 
 countnes. municate with a depositor at an address in a foreign 
 
 country, except Canada, Cuba, Mexico, Panama, and the 
 United States postal agency at Shanghai, China, the 
 letter and any accompanying inclosures shall be placed 
 in an envelope properly addressed to the depositor (but 
 which shall not be sealed) and shall be forwarded under 
 cover to the Third Assistant Postmaster General, Division 
 of Postal Savings, at Washington, for the affixing of the 
 necessary postage. 
 
 II. Deposits and Interest. 
 
 (a) Deposits. 
 
 1910, June 25, Sec. 1270. Accounts may be opened and deposits made * * * 
 
 see. 4, 36 Stat., ^^y ^j^y person of the age of ten years or over in his or her own name, 
 
 — who may open, and by a married woman in her own name and free from any control or 
 
 interference by her husband; but no jierson shall at the same time 
 
 have more than one postal savings account in his or her own right. 
 
 Individuals 2. Deposits shall be accepted only from individuals, 
 posit. and no account shall be opened in the name of any corpo- 
 
 ration, association, society, firm, or partnership, or in 
 
TITLE IX — I'OSTAL SAVIXCS SVSTI.M. §1270 
 
 the namos of two or more pn-sons jointly. \t» nccoiiiit 
 sluill !)(' opciKMl in fli(' iiamo of oiio pciNoii in (rust for or 
 on hciittJf of unothor |)oi"son or persons. 
 
 3. Deposits may bo aocoptod without roKJud to lhe^][,^^."''j;'' ^[ 
 rrsidtMico of the depositor, hut no person may at (ho''""""'^*'"^''"""' 
 same time have more than f)ne postal savin}j;s account 
 either at tlio same ofHeo or at (Ufferent oflices. 
 
 ■i. At U>n»t $1. or ft I:i!V«>r amount in multiplcH thortHif, must bo Maximum ami 
 
 ' IlllilJiinitil. 
 
 do|>o«it»il In^fore an aci'ouiit is opened « < » and :f 1, or raultiides luio, Juno r., 
 th*'rei)f, may bo deiKwitod aftor such account has been opened, but the sir,\ ' ' ' '*'"' 
 balance to the <Tedit of anv person, upon wlikh interest is pavablo, ""?• ^J^v "* 
 
 ■ » ' ' ' • ' s<>c. I, 30 Stat., 
 
 Bhall not cxcwd $1 ,000, excliLsivo of accumuhited intenvt. * * * 159. 
 
 5. The Hoard of Tni.'<te«!n mav, in their di^^cretion, and under such Nonin'orcst- 
 
 , . Ill " 1 1 1- • 1 1 -. l^'uriiin (lc|)<tsit.s. 
 
 re-.rulation.'* as such board may i)ronuilf,'ate, ai(e])t ivlditiunal depot^its loir,. Muv 18, 
 not to exee<'<l in tlie iu,'>:re'rate $1,000 for ea< h depwitor. but ti|)on j^^ '• ^" *''"'' 
 which no interoKt .shall be paid. 
 
 6. Pendin<T the adoption of retjjuhitions under t]ioj;j;pu"i.'?»a^n2?^ 
 authority contained in the above statute postmasters'""'""'' '" "•'*°- 
 shall not accept noninterest-bearinf; dejiosits. They shall 
 
 limit each postid savinj:^ account to $1,000 as provitled in 
 para<^raph 4 of this section. 
 
 7. The provisions of sections 'MV.l and 1 1 24 delininir what ^^■'''", ""*>' .'"; 
 may be accepted for the purchase of money orders shall ^'^'"p* Jpp<w'ta. 
 l)e af)plical)le to postal savings deposits, subject to tlie 
 provisions of section 1273. 
 
 {h) Interest. 
 
 8. Interest at the rate of two per centum per anntim shall be allowed Intrrr.st. 
 and enten-d to the cre<Iit of each depositor onco in each year, tJio 8ame sec. 7, m 8ut., 
 to be computed on such ba.-<LH and under such rules and regulations as"""- 
 the Hoard of TruMte«»8 may pres<ribe. 
 
 '.). Interest at the rate of 2 per cent per annum shall bo- *'\'" p"V"»>ic 
 
 ' • tin cvrtUtcatcs. 
 
 allowed and paid on the amount represented by a postal 
 savin;^ certilicato for each full year that it remains on 
 deposit from the first day of the month foUowing the day 
 on which tliO certificate is i.ssiied. Interest on a postal 
 saving certificate does not become payable until one year 
 from the interest date which the certificate bears, and 
 inter<»st is not payable for fractional portions of a year 
 even thouj^h the certificates may have been outstanding 
 for one full year or more. F«)r example, on a certificate 
 bearing the interest date of January 1 , l!n2, interest first 
 became payable on Jamniry 1, I'.il.J, and if presentetl for 
 payment at any time aftor that date and prior to January 
 1, 1014, but one years interest was payable. 
 
§1270, §1271 POSTAL LAWS AND KEGULATIONS. 
 
 compomcfed.'^°'^ ^^- Compound interest is not allowed on an outstand- 
 ing certificate, but a depositor may withdraw interest 
 payable and make a new deposit, subject to the restric- 
 tion that deposits will not be received for fractions of a 
 dollar. 
 
 Ill, Opening of Accounts. 
 
 appHc^ation *"o'n ^^^' 1271. When a person applies to open an account, 
 600^ *^""" ^^the postmaster or his representative shall question the 
 bj'%stmasten^* ^PP^^^^^^^ ^^ obtain the necessary information, and shall 
 carefully fill out an apphcation on depositor's card Form 
 PS 600, except the line marked "Depositor's signature," 
 2. The postmaster shall enter the name of the depositor 
 depos^tor.^"*''^ ^^ ^t the top of the form, but the depositor shall personally 
 sign his name on the line marked "Depositor's signature," 
 (For opening of accounts by mail see sec, 1274, pars, 4, 
 5, 6, and 7.) The postmaster shall make certain that the 
 apphcation is signed by the person who desires to open 
 by mark! ^'^^^ ^^^ accouut. If the applicant signs by mark or in char- 
 acters not used in the Enghsh language, his signature shall 
 be attested by a disinterested witness. (See sec. 1281, 
 mrne.'^"'^ sivenpars. 2, 3, and 4.) The full given name of the apphcant 
 should be used. When an intending depositor is accus- 
 tomed to sign by initials his full given name should be 
 written at the top of the application form and he should 
 be required to sign the apphcation twice, first using his 
 fuU given name and then signing by initials in the manner 
 to^stgn^heTTTO-^^^ dcsircs his certificates issued. A married woman who 
 given name. opens an accouut should sign her own given name and not 
 
 that of her husband. 
 mus/° bT^com° ^- Great care shall be taken to comply with aU instruc- 
 piete. tions relative to the depositor's card Form PS 600, and 
 
 no account shall be opened with any person until all the 
 information called for by the application form has been 
 furnished and the form signed by the intendmg depositor. 
 is^mabi?to?ir/-^^*^^^ ^^ apphcant, though willing to do so, is unable to 
 nish information, auswcr all the qucstious on the application form, a 
 partly completed apphcation, if properly signed, may be 
 accepted, provided other data are entered on the appli- 
 cation which will assure subsequent identification of the 
 depositor. 
 acTO™t^^"°^ °^ "^^ Accounts shall be numbered consecutively, when 
 opened, beginning with No. 1. The number shall be 
 entered on the depositor's card and on all certificates 
 issued in the name of the depositor to whom the account 
 
TITLE IX POSTAL SAVINGS 8YSTI-:M. §1271, §1272 
 
 boloiij^s. In no I'vcnt slmll a <l(|)(»sit(»r luivf nioit^ than 
 on«» account niinilxT at any ono [\uu\ A iww account 
 opened by a former <leposit(U- shall n-ceivo a new nuinlxq-. 
 
 5. The depositor's card Form PS GOO cond)im«s the "'•'P**""''- "»r«« 
 
 ' . »••« ciirnbUHvi iipi>ll- 
 
 depositors application to open an account with a '■•*<"<>rd ;,','^'^'|^^^j^",^*'^ 
 of the issue and payment of his {)ostal savings certilicatcs 
 aiul the balance to his ( icdil. 
 
 ('). When the space provided on tin- hack <»f the d«'- •"^"i'pi'">-ni.ij 
 
 ' ' cuni >orm I'B 
 
 posilor's card Form PS 000 has been filled subsiMpu'iit •'***• 
 transactions shall be record<'d on card Form PS OOOa, 
 which shall be liled imnuMliately following tlu^ apj^lica- 
 tion cartl. 
 
 7. Depositors' cards shall be filed numerically ^y po^/^f'cil^js''*^ 
 account numlM'i"s. When tlu^ nund)er of accounts is lar«^o 
 aJi alj)iuibetical card index of dejX)sitors' names shall bo 
 maintained, showing the account nundx'r assi<^ned to 
 each. 
 
 1\. IssiE OF PosTAi- Savings Certificates. 
 
 Sec. 1272. Postal savin«;s deposits shall be evidenced ••<;;« ••/•vingi 
 by nontransferable and nonne<^otiable certificates of 
 deposit, to be supplie<l to postmastei-s in fixcnl drnomina-— 'iinominatioiw. 
 tions of $1, $2, $.'), SIO, S20, $50, $100, S200, and SoOO. 
 Certificates will be furnished with stubs attached, each - •'i">>''- 
 denomuiation bound in books of oO, both certificates and -^ruiiminuxrn. 
 stubs numbered consocutivoly from 1 to 50, inclusive, 
 101 to 150, inclusive, and so on. The numbei-s 51 to 100, 
 inclusive, and 151 to 200, inclusive, and so on, will not bo 
 used. A soparato numerical serit's of certificates of each- wpamtc .wkiB 
 (lenomunition will l)e su|)j)lie(i to post oilices havmj^ larj^enn'i fi* coch 
 deposits, with the name of the post ollici* printed on the 
 certificate's. F'or other post offict<4j a separate numerical 
 9eri«»s of certiflcat<'s of 4>ach denomination will be supplied 
 for each State. All certificates will be notched on the -"otchp.-.. 
 upper, tho rij;ht, and the lower sides to indicate the 
 hun<lre<l-thousands. ten-thousands, and tliousands dij^its 
 of the serial nund)er. 
 
 2. Certificates* thus numbered when issued shall btar "*""**■ 
 the name of the issuini; office, the date of issue, th(» name 
 of the depositor, the nund)er t)f his account, and the tlato 
 on which interest begins. Tho stub of each certificate 
 bcsid(>s the serial nnmluT shall show the depositor's ac- 
 count number and date «»f issue. In entering dat<'S on 
 certificates, the month, day, and year shall be vrritton or 
 stamped in the spac*^ ])rovided. thus* Auj^ist 1, l!»17. 
 
§1272 POSTAL LAWS AND EEGULATIONS. 
 
 The name of the month maybe abbreviated, but should not 
 be indicated by figures. The depositor's nameshall be writ- 
 ten as signed on the apphcation, Form PS 600. No entries 
 shall be made on certificates except as authorized by these 
 regulations. (For correction of errors see sec. 1275.) 
 certfficatel^iii'tel- ^- Certificates issued on any day of a month shall begin 
 est date. ^q bear interest on the first day of the next succeeding 
 
 month. (See sec. 1270, par. 9.) 
 Procedure on 4. On reccipt of a dcposit the postmaster shall prepare 
 
 receipt of de- / . ^ ^ . . 
 
 posit. a postal savings certificate or certificates covering the 
 
 amount of the deposit, note the date of deposit and the 
 depositor's account number on the corresponding stubs, 
 and enter on the depositor's card, Form PS 600, the date, 
 serial number and amount of each certificate, and the 
 balance then to the depositor's credit. The certificates 
 shall then be dehvered to the depositor as evidence of 
 his deposit. Each depositor shall be provided with an 
 
 p|^3oT'°^ ^"'^^ ^^^^^-^^P®' Form PS 301, in which he may preserve his 
 certificates. The envelope shall bear printed information 
 for the depositor's guidance and a blank ledger record on 
 which the postmaster shall enter his deposits and with- 
 drawals, and the balance to his credit. The entries thus 
 made are merely for the convenience of the depositor, 
 but the certificates issued to him constitute the evidence 
 of his deposit. 
 Dep^itbyper- 5. Before accepting a deposit from a person who has 
 
 son who already 1 o i 1 
 
 has an account, already opened an account the depositor's card, Form 
 PS 600, shall be withdrawn from the files, and if the pro- 
 posed deposit wUl not cause his balance to be more than 
 SI, 000, exclusive of accumulated interest, certificates 
 covering the deposit should be issued and recorded. 
 
 j^openwi^before vrhen a depositor who opened his account prior to July 1, 
 1917, makes further deposits, the balance to his credit as 
 shown by the envelope, Form PS 300, shall be entered on 
 card Form PS 600a, and all additional deposits entered 
 on such card as above provided, the card. Form PS 600a, 
 to be filed next to the depositor's envelope, Form PS 300. 
 Recording day's 6. The depositors' cards, Form PS 600, after the entry 
 
 proving balances, of transactions, shall not be returned to the files until all 
 accounts for the day are in balance. At the close of each 
 day the total value of certificates issued shall be entered 
 in the Daily Summary, Form PS 708, and the inclusive 
 serial numbers for each denomination of the certificates 
 issued as shown by the retained stubs shall be entered on 
 
TITLK IX — I'OSTAl. SAVIN(?S SVSTLM. §1272. §1273 
 
 Ahstnict A, Form I'S 7t)'». The ciitrii-. on (he drpositors' 
 caiils sliuU Ix' ])r<)vi'(l daily by adding' the dcjxjsits made 
 ihiriiiijj tho day as slu»\\ ii tlu'iciMi and «<)m])arinir tlu» total 
 with tho total issui'S shown l>y \\\c Ahsfrui-t of Issues, 
 Form PS 70."). 
 
 7. Certilieatos shall bo issiu-d in t-onsccutivo onh*r, (VsninraiM to 
 bo'^iiininj; with tho lowest serial niimoor. Serial niiiu-s<Tiiii iuhhIkts 
 
 , , ,, , , , , not tube r)iungp<l. 
 
 l)ei"H shall not be ehanj^ed under any eircumstanees 
 
 S. If, after eertilieates hn\-e been issued from a new when ccrtm- 
 book, trio j)ost master diseovers that a hook oi lower d ^.k. 
 
 serijJ nunibei-s of that ih'iiomination is on hand fntm !i .:on 
 
 which no cortifieatos have boon issued, lie sluiU eoiitinuo 
 to use the book of lii^her serial numboi-s until it is 
 exhausted and then issue fixun the bot)k of lowest serial 
 uumboi-s. 
 
 9. If, aflor eertihcales luive boon issued from a now -n book of lower 
 i)0()k, tiie postmaster' tuseovors that a hook ot lower iiiiM.ii.iirtiyii.so<i. 
 serial iuimboi*s of tliat (h'liomination is on liand from 
 
 which e(>rtilieales liavo been issued he shall resume 
 issuiui^ e«'rf ificates from tho partly used book of lower 
 numbers until that book is eomplototl. Wlion the eerti- 
 lieates issuiMJ out of order are reached in the regular 
 onh'r of i.ssue, they shall a<;ain l)o entered in Al)stract A 
 
 with a notation, ''Issued and charged ," showing 
 
 the day, month, and year of issue. 
 
 10. Certificates are valid until i)aid. Tlie l<'-y»'Hr„,^°/|^\J^*'"''' 
 interest table on the back of eacli certilieato does not 
 
 limit the life of tlie certilicafe or the accumubition of 
 interest to 10 years. 
 
 11. Postnuistors shidl not accept issued pt>stal savings ijjuwi certin- 
 
 ./■ . t t \ enteji not to be 
 
 certuicates for saic-keej)in^. ko,,i. 
 
 \'. PosT.M. .^\^l^(;s Cakds am» .Siami's. 
 
 Sec. 1273. in iir<l«*r th.1t HtiKilU'r amdunt.H miiv i>i;i. I iiiiuihiti'ii inr ••"-tal «»\ini;< 
 
 dfjMwit. any jK^pton may pun ha.^«> fi>r l«'n ii'ut.i from any at'|x»'it"ry ,uni|,,. 
 
 ollii o a !«Ktal .••avium's <arfl, to whirh may Im» attai )i<ii s[Msiallv j>n>- loi". Ju"* 2.\ 
 I II ■ • .11 .. . • • '..I **<■• •> 3* Slat., 
 
 pan**! a<liutfiv»> •tiamjiH, to ih» kiiowii om iMwtal 8aMiiL.'>4 Hlam|it«. and isj. 
 
 when tlu* .st;uu|>s m> atta< h<>d amount to onv dollar or u Jarv'tT (•am in 
 
 miiltipl<>s tluTL-of, ini'ludinK tho tcn-cvnl |K»(t^il ttavinp* <'aril, tho 
 
 same may l>c prwcnttxl a^ado^Mwit for oponiit); an airount, and addi- 
 
 tion.<» may bo madv to any a«'<-r)unt by m«an.H of j»ii«h card and »ta:!i|)« 
 
 in amountj4 of one dollar, or multiplm thnre«)f, and when a card and 
 
 stam|<e« thomto atta4-h<><l are a<-<-upt«d vun a dcixxiit tho |>uHtiDaitt«T Hhall 
 
 immiMiatt^ly camol thf «<amo. 
 
 2. Postmasters at depository oflicos shall keep for sale ^ '"P* '°"^*- 
 postal savings cards at 10 cents eacli. an«l s|)ecially pre- 
 
 101473'— 17 2 U 
 
§1273, 1274 POSTAL laws and regulations. 
 
 pared adhesive 10-cent postal savings stamps, which 
 
 may be affixed by the purchaser in spaces provided on 
 
 Postal savings such savings cards. The value of postal savings cards 
 
 cards and stamps, , p-iii ini 
 
 stock entered iii and stamps lumished the postmaster shall be entered 
 
 Daily Summary. , , . • i • -r-v -i r-i -r-i -r^r^ 
 
 by hnn m his Daily Summary, Form rS 708. 
 
 — accepted as de- 3 "WT^en a postal savings card with nine postal sav- 
 
 ings stamps affixed is presented, it shall be accepted as 
 a deposit for $1 either in opening an account or in 
 
 — redeemed in adding to an existing account, or it shall be redeemed in 
 — ^cajiceied. cash. The postmaster shall cancel the card and stamps 
 
 with a special date stamp provided for that purpose, 
 bearing the word "Canceled." On the reverse of the 
 card he shall then impress the postal savings date stamp 
 of his office. The value of postal savings cards and 
 stamps sold and redeemed shall be entered at the close 
 
 — sales and re- of busiuess each day in the Daily Summary, Form PS 708, 
 
 demptions en- 
 
 tered in Daily and all cards cancclcd during the month shall be for- 
 
 Smnmary. i i • i i , 
 
 warded with the postmaster s monthly report. 
 
 — m:ie stamps 4. Oiie Certificate may be issued to cover a deposit 
 
 must be on a card. , i • i i i i p i 
 
 made partly m cash and partly by means ol postal 
 savings cards with stamps affixed, but no card having 
 less than nine postal savings stamps affixed shall be 
 accepted for deposit or redemption under any circum- 
 stances, nor shall postal savings stamps not affixed to a 
 postal savings card be accepted. Postage stamps shall 
 not be accepted for deposit in lieu of postal savings 
 stamps. 
 
 — transferable. 5. Postal saviugs cards and stamps are transferable 
 
 and need not be presented for deposit or redemption by 
 the original purchaser or at the office where purchased. 
 They may be sold to any person in any quantity desired. 
 
 VI. Deposits Made Through a Representative or 
 
 BY Mail. 
 
 (a) Opening accounts tlirougTi a representative. 
 
 Application Sec. 1274. Wlien any person because of infirmity or 
 
 form furnished to , , , i rr- • , • i i j^ 
 
 representative, otficr gooQ and sumcieiit rcasou IS unable to appear 
 personally to open an account, the postmaster shall fur- 
 nish to the representative of such person a blank applica- 
 tion card Form PS 600 and shall instruct the repre- 
 sentative as to the method to be observed in filling out 
 the apphcation. 
 dcpSiTfrom^re°- ^' ^^^u the application has been returned, properly 
 resentative. filled out and sigued by the depositor, the postmaster 
 
 10 
 
TITLE IX POSTAL SAVINGS SYSTEM. >^l-'~4 
 
 sluill accept tho deposit ami issue the necessary <"«'''tifi-^,^',|'^''";,'("'^„,'*^'J^' 
 cates. An intendint^ deposit*)!- who sij^ns ])y murk mnst^'^^ "''•"'"■ '" 
 apj>ear personally to opt»n an account. 
 
 (b) Opening acrounls hi/ mail. 
 
 .!. \\\\ pei"son resiilinjr in a communitv served bv a ivr<oT, n-sMing 
 i)o<t oHice wliich luus not ])een nut liori/ed In transact'* 
 postal savini^ business may open a postal savnij^ ac-w"'"-' ' ■ '"•"'• 
 count by mail tiirouf^h the local ]>osl master. Post- 
 masters at all such oflices, in receiving applications to 
 open accounts in tins manniT, shall be j^iided by tho 
 instnictions in para»^rai)hs 4, o, ('). and 7 of this secti'on. 
 
 \. The nanu^ of all post oflices, brandies, »nul stati<)ns^,.^',';;I.';,'^|J|'^,'^^'J|J 
 ^vhere postal savini^ accounts may be opened shall be^'"'''*^'- 
 indicated in the State list of the Postal (hiide, and ••lian^cs 
 in po^^inl savings depository ollices shall appeal- in the 
 monthl\' suj)j)lem«>nls. 
 
 .'>. When a patron of a jxist ofhee not designated as a p;^rin''i\s*:iufb.°" 
 postal savings depository desires to open a postal savings 
 account by mail he sliould apjdy to his local postmaster, 
 who will niake requi'st on the most conveni(>nt postal 
 savings depository office for an api)lication blank (Form 
 I*S 3()()b). If further applications to <»pen accounts are 
 anticij)ate(l the postnnistrr shall rcipicst an ade(pi;ite 
 supply of application forms for subsequent use. 'rht> 
 p«»st master at a postal savings de()ository office shall 
 furnish <-opies of Form PS :iO()b to any postmaster at a 
 nondepository office who requests them. 
 
 (i. Th»« postmasti'r where the intending; deixtsitor - ""'"' o'" '» 
 
 ' ^ ' ufiplii lilt by lo 
 
 resi<li»s will carefully fill (tut the apj)lication (Form PS * '' i-'-'mjistcr. 
 3(K)b) in his prosonco after first itlentifying him and 
 making sure that h(> is a resident of the coinnnmity. Tho 
 [xistmaster will write the api)lic.ant's name at tin* top of 
 the form, and aft4>r questioning him will enter thcn<.n 
 all re<piired information. The applicant nuisi j)erson- 
 ally sign Ids naiUo on the line marked Signature or (x) 
 mark of <le|H»sitor." A married woman should sign her 
 own Christian or given mune an<l not that of her luLshaml. 
 The postnn*<ter will personally exei'ute the cortili«-ate at T'lnntifvinRcrr- 
 the foot of tho form and then fonvard the application t • t- 
 
 the most convenient post office in tho State which is 
 shown by the Postal (liiide to be a postal savings deposi- 
 tory office, unii^ss tho intending depositor sp(H'ifically 
 nxjuosts that tho account be opono<| elsewhere, in whir}) 
 
 11 
 
§1274 POSTAL LAWS AND REGULATIONS. 
 
 case the postmaster will be governed by his wishes. The 
 certificate to the apphcation must be signed in person by 
 the postmaster at the office where the applicant resides. 
 If it is signed by an assistant or clerk, the application 
 will be rejected. 
 Nomoneytobe 7. No moncy should be sent with the application, and 
 
 sent until appli- i i • ^ 
 
 cation is ap- the postmaster at the nondepository omce must not 
 
 proved at de- ^ . . „ J, ^ 
 
 pository office, acccpt deposits ui any lorm. ihe applicant "svill be noti- 
 fied direct by the postmaster at the office where the 
 account is to be opened on the approval of the applica- 
 tion and will be instructed how to make deposits. 
 jj^pprovaiofap- g, Qu receipt of an apphcation on Form PS 300b to 
 open a postal savings account by mail, the postmaster 
 at a postal savings depository office shall see that the 
 application has been properly prepared as provided in 
 this section and that the certificate of identification has 
 been executed in person by the postmaster from whom it 
 was received. If the application is approved, the post- 
 master at the depository office shall notify the intending 
 depositor on Form PS 629 and authorize him to begin 
 forwardmg deposits direct to the office by money orders 
 made payable to the depository postmaster or by regis- 
 tered mail. 
 Entries on de- 9. When the initial deposit is received at the deposi- 
 
 positor's card, i • /■ • r • i i i i t 
 
 Form PS 600. tory office, the iniormation lurnished by the applicant 
 on Form PS 300b shall be copied on a depositor's card, 
 Form PS 600, and the application filed therewith. In 
 the space provided for the depositor's signature on Form 
 PS 600 the name of the nondepository office through 
 
 tifieate^.^ °^ ^^^'^which the application was made shall be entered. The 
 postmaster shall then issue the necessary certificates and 
 mail them to the depositor. For procedm'e in handling 
 subsequent deposits and withdrawals see paragraphs 10 
 and 11 of this section and section 1282, paragraphs 5, 6, 
 and 7. 
 
 (c) Subsequent deposits througJi a representative or hy 
 
 mail. 
 
 Deposits may 10. When a persoii who has already opened an account 
 
 be sent by repre- . , , , . , i , 
 
 sentative, regis- is Unable to appear 111 person to make a subsequent 
 
 tered mail, or, ., ., ,, , , 
 
 money order. deposit, he may either send the amomit tmough a rep- 
 resentative or forward it to the post office by registered 
 mail or money order. When a deposit is sent through 
 a representative the procedure prescribed in paragraphs 
 
 12 
 
TITI.K IX POSTAL SAVINCS SYSTKM. §1274, §1-75 
 
 1 ftiul 2 of tills section sliall Uc foUowiMl, except that 
 another depositor's card (F(»nn TS GoD) need not he nsed. 
 When 11 depositor forwards money l)y mail for «h>posit tho 
 j)ostmaster shall issue the necessary certilicates and mail 
 them t^) tho depositor. The postmaster shall lile tho 
 letter accompanying; tlie remittance in an envelope next 
 to tlie deposit<ir's card Korm PS 000. 
 
 11. Post-oflice money orders mjiiled for dei^osit should M.m<y or.ii-rs 
 \)v made pavable to tiio postmaster. Monev mtended i>-> imi.i.r. 
 
 , , . , ■ , , 1 ,«• 1 -i' I 1 Money sent ut 
 
 for deposit forwarded to tlie post (dhce by mail or tiirougluUpoeitor'srisk. 
 a repri>setit:itive is siMit at the risk of the depositor. 
 
 \ ir. (\)KKK( riox OF Ekicoks, 
 Sec. 1275. If ail error made in issuin<' a cortificsite is <"ertintau's 
 
 ° . ^ spoiled in Ksuc. 
 
 discoveri'd before the issue is recorded and the certifi- 
 ciite delivoroil, the postmaster shall stamp hoth the cer- 
 tificate and the stub "Spoiled,'' and issue the certificate, 
 hearing the next serial number. lie shall ent<'r the serial 
 number of all such spoiled certificates on Abstract A 
 ut the close of each day and transmit the sj)oileil certi- 
 ficates with his next monthly report. 
 
 2. If an error is found in a certificate after issue, tho En-ors in ismichi 
 depositor should be ref|uested to leave the certificate at 
 
 the depository office, and the postmaster shall forward 
 it to the Tliird Assistant Postmaster General, Division 
 «)f I'ostnl Savings, with a detailed descrij>tion of the 
 error made and the correction desired. The i)ost master 
 shall issue u receipt, Form PS 305, in dupli<ate, for the 
 c<'rtificate. give the original to the depositor, and place 
 the duplinite as a memorandum in an envelope next to 
 the depositors c^ird. Form PS 600. If neces.sary, the 
 Thin! Assistant Postmaster General will stamp the cer- 
 tificate 'Spoiled" and issue and fonvard to the post- 
 master a new <-ertificate bearing tho same serial number, 
 which he shall deliver to the depositor after destroying 
 both the original receipt returned by the depositor and 
 the retained dupli<ate. Tho spoiled certificate having 
 been already eivtered on the dejiositor's c^ird, the post- 
 mast«'r shall make no new entry of the certificate issued 
 in lieu (»f it, but shall make such c/)rrc<'tions as may be 
 nec«>ssary by <lrawing liios thrt>ugh the err<nieous entries 
 and interlining the <-orrc«t entries immediately above. 
 
 3. In case of error in making an entry in any i)ost«l Krrors in r*<v 
 savings reconl of his oHice, the postmaster shall draw a 
 
 13 
 
§1275, §1276 POSTAL laws and regulations. 
 
 line through the entry and initial it. The correct entry 
 shall then be made on the line immediately below, or 
 if subsequent entries have been made, by mterhnmg 
 immediately above the erroneous entry. 
 coSit^c^eSt.^'^' 4. If the postmaster discovers an eiTor after he has 
 rendered his monthly Account Current which in any way 
 affects its accuracy, he shall report the facts immediately 
 to the Third Assistant Postmaster General, Division of 
 Postal Savings. 
 chSSges^to^cer- ^' '^^^ postmastev shall, under no circumstances, 
 o^T without ^au-^^^^-^^ ^* Aerem provided, erase or change an entry on 
 thority. ^jiy postal saviugs certificate, or in any postal savings 
 
 record, without authority from the Third Assistant Post- 
 master General. 
 
 VIII. Certificates Lost, Stolen, or Destroyed. 
 Appiirationfor Sec. 1276. When notified by a depositor that his cer- 
 
 reissue, Form PS • ^ ^ 
 
 607. tmcate or certificates have been lost, stolen, destroyed, or 
 
 improperly withheld, the postmaster shall furnish an 
 apphcation (Form PS 607) for a certificate or certificates 
 in lieu thereof, and on its return properly executed shall 
 forward it to the Third Assistant Postmaster General, 
 Division of Postal Savings. The apphcation shall be 
 noted on a memorandum slip (Form PS 306) and the slip 
 filed in an envelope next to the depositor's card, Form PS 
 600. 
 
 tificat?"^ °^ ^"' ^' ^^ ^^ ^^ deemed proper, a new certificate of the same 
 denomination, date, and number, but chstinguishable 
 from the original, will be issued by the Third Assistant 
 
 — entry on de- Postmaster General and forwarded to the postmaster, 
 
 T) O'^it or 's cfirci 
 
 rormpseoo. 'who will write the word "Reissued" after the entry of 
 
 issue on the depositor's card Form PS 600, destroy the 
 
 memorandum shp (Form PS 306), and dehver the new 
 
 certificate to the depositor. 
 
 catl^eported'^iSt ^- ^^' after a new certificate has been issued to replace 
 
 IS found. Qj^g ]Qg^^ ^^Q depositor reports that he has found the first 
 
 one, the postmaster shall instruct him to surrender the 
 
 old certificate, which is void, and shall forward it to the 
 
 Third Assistant Postmaster General, Division of Postal 
 
 Savings, with a statement of the facts. 
 
 depofitOT^s^certM- "*• ^^^^ ^ postmastcr is notified of the loss or de- 
 
 ^^^^- struction of a certificate or certificates issued to a depositor 
 
 who has since died or become mentally incompetent, the 
 
 provisions of section 1283 should be comphed with in 
 
 conjunction with this section. 
 
 14 
 
Ni>TE. — liuiilcH roceiviuR dojKwiti^ of jHwtal p;ivinj,'H fiiiidH are rciiuiriMl UpftTcnce I 
 toMualifv for that pun)ow in lUHKrilance with the rt'eulatioiis atli>i>ti'd V.'^"' .'''"'J'' V,('*^ 
 bv tlu" Ivtaru of 1 ruHtei-rt of tno ros<tal SaviiiL's System under autliurity ti.i.s 
 
 TlTl.K I\ I'OSIAI. S.\Vl.Ni;S SVSTKM. §i-^7 
 
 IX. Deposit or l*'r\i>s i\ Bwks. 
 (a) Deposits and chichi luj end it. 
 
 Sec. 1277. Pwtal savinicM fundrt » ♦ » nhall In- depoeited in Dl«p.)sU^ in 
 solvent liankj». whetlier orv'anized under national or Slate lawH, * • «^ 
 beint:t<iil)ie«t to nationiil orStatesupiTvi.sionand examination, • « « ,'"'''• ■'"'"'„ '^• 
 The hoiinl of truHlei>s .shall take from sueh hankn HUi-h Hecurity in ])uhlic Stut., siu. 
 bombt or other sivuritieti, authorized hy act of t'onj^resw or HUi)|)<>rted luui, May is, 
 by the taxing power, u« the board may prescribe, approve, and Jt-^m ^'*^'^''®'''*''-'*^* 
 Butriticiit and nect-Sijar)' to injure the safi'ty and prompt payment of 
 such depo(iitt* on demand. 
 
 2. The fuiuls re«-eived at the postal sftvinpa depositorj' offires in each 
 city, town, villapc. and other locality shall bo deposited in banks 
 loi-ateil therein («ub.Mtantially in proportion to the capital ami Hurplua 
 of each such bank) willini; to receive hucIi deposits under the terms of 
 tills act and the regulations nnule by authority thereof: I'ror'nhd, how- 
 ever. If one or more member banks of the l\-deral Reserve System ostab- 
 linlied by the act approved l)eceml>er _':>, I'.MIi, exists in the city, town, 
 village, or lixality where the postal savings deposits are matle, such 
 dep«ieit.s .shall be placed in such cpialilied member banks * * *^ but 
 if su«-h member banks fail tocjualify to receive such deposits, then any 
 other bank hnate*! therein may, as hereinbefore provided, qualify 
 and receive the same. 
 
 to 
 tho 
 rms- 
 ngs System under authority tees. 
 
 oi the {KJtital savings act of June 2b, 1910, as amemled May IS, litK). 
 
 >. If one or more local hanks have cjualifuHl under »'i»'i"<t<>»>«ii(^ 
 
 1 |i(>siteu daily. 
 
 the law, tho postina-stcr shall deposit each day to the 
 
 credit of the Board of Trustees, Postal Savin<^ System, 
 
 all postal savings funds amounting to $10 or nioro on 
 
 hand at tho closo of hiisiness on tho preceding husincss 
 
 day, unless tiio amount used in tho meantime^ t(» moot 
 
 withdrawals has retluced such halanco to loss tlian $10. 
 
 No deposit of less than $10 shall ho mailo, antl anv less ^ • "■ 
 
 amoimt shall ho retained hv tho postmaster as casii on- °' 
 
 haiul, o.xcopt on tho 2rith day of oacli month, when all 
 
 <asli on lumd shall he deposited. If on anv dav tho n.-:ivy r«<«!ipts 
 
 receipts are unusually lieavy, the postmast<'r, in liis>-""« Jay. 
 
 discretion, may deposit all or a i)art of thi^ funds on tho 
 
 same <lay they are recoivo*!. llo will ho informe<l hy 
 
 tho ThinI A.ssistant PostmastiT General which hanks have 
 
 (pialitied for deposits and wliat ))roportion and amount 
 
 under the law shall he dej>osile(l in each l)ank. P'or 
 
 oarh deposit tlio postmiLster will rocoivo from tho hank a tvnincntM of 
 
 II- i' ft !•. 1%. ».» i!r|H»iit. Form rS 
 
 • iuplicato certilicato of deposit on I'orm 1.^ 400. No*"- 
 deposit shall ho made to tho ofFuMal criHlit of an}' post- 
 master. (Soo pars. 8 and U of this .section as to record 
 of hank deposits.) 
 
 15 
 
§1277 . POSTAL LAWS AXD REGULATIONS. 
 
 morTthi.r'^check^- 4- To provide foi' meeting withdrawals when the 
 (ttfe ba^*^ '^'^^'^ ^^ ^^^^^^^ receipts are insufficient, the postmaster will be 
 authorized to draw checks on a designated bank to a 
 specified amount m any calendar month against the 
 funds on deposit therein to the credit of the Board of 
 -^^°|eshare_ of Trustees. The postmaster will be instructed to deposit 
 amount "^^ ^ ^^^ ^^ ^^® bank so designated an amoimt equal to the monthly 
 checking credit before making a deposit in any other 
 bank. Where two or more banks have qualified, the 
 postmaster, after making a withdrawal from the desig- 
 nated bank, shall restore the amount to that bank before 
 apportioning additional fmids among the several banks. 
 The oheckmg credit bank is entitled to hold at all times 
 the amount of the monthly checking credit in addition 
 to its regular share of the deposits. 
 crS^'is^iifsuffi? ^- Should the amount specified as the checking credit 
 cient. of the postmastcr be insufiicient to meet withdrawals at 
 
 any time, he shall comply with the provisions of section 
 1280, paragraph 6. In determining the amoimt of 
 unused credit the postmaster should be governed by 
 the dates of checks drawn and not the dates of payment. 
 Checks signed The postmastcr may authorize his assistant or one or 
 
 by postmaster's f t • i i i ii-i-i •• 
 
 representative, niorc of his clcrks to draw checks m his absence, signmg 
 
 the postmaster's name, per (the signature of the 
 
 person so authorized), givuig proper notice to the bank 
 
 of each such authorization, but he will be liable on his 
 
 official bond for the amount of all checks signed by such 
 
 authorized representatives. 
 
 ciiecks and g, Wheii a check or transfer draft is received by a post- 
 transfer drafts re- . /^ 1 c 
 ceived from Third uiaster from the Third Assistant Postmaster General for 
 
 Assistant Post- 
 master General, deposit as postal savings funds, the amount shall be taken 
 
 up on line 8 of the Daily Summary (Form PS 708) and the 
 Accomit Current (Form PS 704) as "Received from 
 Department by check (or transfer draft) No. (A or B) 
 
 ." The check or draft shall be properly indorsed 
 
 and deposited in bank to the credit of the Board of Trus- 
 tees in the usual manner. If the margin between the 
 balances already held by the local qualified bank or banks 
 and the maximum balances which they are authorized to 
 receive is not sufficient to permit the deposit of the 
 amount involved the postmaster shall make no entries 
 in his records but shall return the check or draft at once 
 without indorsement to the Third Assistant Postmaster 
 General, Division of Postal Savings. 
 
 16 
 
TITLK IX POSTAL SAVINGS SYSTEM. §1277 
 
 7. Tlio postmnsttT should ])n)curo a su])j)ly of «l<'I><>J^it^,/,]7,'unk ci.oi'i's 
 slij)s from tho <U>j)osilorv Imiik or Ijiinks and a suj)j)ly <»f {"oJ buiik!'"^""** 
 blank iliccks from tlu> hank on wliicli lu> ^\ ill clu'tk to 
 moot withdrawals. Chroks shall ho drawn suhstantially 
 
 in thi> following form: ''Pay to Postmaster at 
 
 from ]>ostal savings funtls di)lhirs." 
 
 (6) Postrnastrrs ricord of hank (hpo.snt<i. 
 S. riu' amount of oacli hank (h'posit shall ho ontorod in , '"•"'fy ,"''"'"'' 
 
 ^ deposits ill Dally 
 
 tho Daily Summarj', Form PS 708, for tho day on whi( h itS"n"nafy- 
 is actually ih'])ositod, and tlu"' cortilioatc of «k'])osit 
 roi-oivod from tho hank shouLl also ])oar that dato, oxco])t 
 wlun tho postmastor makos <k'posits after llio hooks of 
 tho hank havo hoon olosod for tho (hiy, in which case hotli 
 tho j)»»>t master's entry an<l the hank certilicato of (h']>osit 
 shall hear tho <lttto of tho following working day. 
 
 «). Tho «hiplicat<^ certificates of <h'posit, Form PS 4()(), ^^J^^;;^,*^ °{/''^j;|'. 
 issutsl hy hanks sluiU he lile<l l)y tlu' postmaster in on vol-. ',;']';''«'• *■'""" ^'^ 
 opos, Form PS 317. on whicli ho shall keep a record of tho 
 amoimt on dopiisit in each ])ank. Thv postmastor will 
 hi' inlormed as to tho maxinnnn amount of fun<ls each Uocord of max- 
 
 11- .1-1. Ill 111 . 1 i'liiiiii biiliiiice 
 
 bank is authorized to receive, which ho shall note on the bunk may hold. 
 
 ♦'nvolope Form PS 1^17 used for that bank, and ho shall 
 
 under lu) circumstances (U'])osit any sum wliich would 
 
 cause the bank's balance to exceed such amount. On 
 
 making any deposit or withdrawal or on receiving notice 
 
 ()f any de])osit t)r withdrawal by tho Board of Trustees, 
 
 tlio postmaster shall make the necessary entry in his 
 
 record, Form PS :n7, to show tho correct balance in tho 
 
 hank. \Mion tlie doi)osits in anv hank reach 7") l)er cent ^^'•'^n doposita 
 
 -.• •■ina bank ap- 
 
 of the ma.ximiim amount autlionze<i, tho postmastor shall i'r'«<''> maximum 
 
 I- 1 1 • 1 I- 1 • <i 1 1 I '"'">''^' I'fp^'rl- 
 
 immo(liat«'lv bring tho facts to t!i(» attention of tho bank'""'"' to ^ """■ 
 
 . flp'i. 
 
 and submit to tho Third Assistant Postmast«'r (nMioral, 
 
 Division <»f Postal Savings, a recommendation as to tho 
 
 amount of ad<litional .s<M-urities which should bo ro(|uir(Ml 
 
 from tho bank. Immo4liat«'lv f«dlowing Jum« 'Ai) ami Knf^-v <>( in- 
 
 •11 Usrcstcredltwl by 
 
 De<'omber .'i 1 of each year the j)ostmaster will ascertain »>iink.i. 
 from eacli l)ank tin* amount of interest cro<lit<Ml by it to 
 tin* Hoard of Trustoos and <'ntor this ad<lition to the l)ank's 
 balance on his Form PS :i\7. Ilio audittnl figures will i)o 
 fumishoii later by tho Tliird .V.ssistant Postmastor (Ion- 
 oral. Tlio postmastor will from time \o time verifv the k,*«?'1 »«>. ** 
 
 ' 1 /• 1 1 1 1 ' verlflod from 
 
 accuracy of his record of bank <lojH>sitrt by checking t]ie'^>'''»*i*'«™«"'- 
 same with tlio bank's statement for tho purpose of 
 
 101473**— 17 3 17 
 
§1277, §1278 POSTAL LAWS AND REGULATIONS. 
 
 nii!m ^baian^e^ln ^^^*^^^^^S ^^7 differences that may exist. When the 
 
 reychecf °Depa/t-P'^st^^^^^^ ^^^® deposited the maximum amount author- 
 
 mcnt to be noti- J2ed f OF all local qualified banks he shall notify the Third 
 
 Assistant Postmaster General, Division of Postal Savings, 
 
 and dispose of his surplus receipts as provided by section 
 
 1279, paragrapiis 8 and 9. 
 
 X. Apportionment of Bank Deposits. 
 
 Sec. 1278. Where more than one bank has qualified to 
 w£lnsu\w^^^o receive postal savings funds from the same depository 
 positTkf\wo*OT office, the postmaster shall make deposits in such quali- 
 luore banks. gg j banks ui accordauce with instructions from the Third 
 Assistant Postmaster General as to the percentage of 
 deposits to which each bank is entitled. 
 sene^the^appo?- ^' '^^® postmaster shall ordinarily deposit funds in only 
 tionment. qj^q bank each day, and shall make deposits in the sev- 
 
 eral banks in such rotation and amounts as will keep the 
 total deposits in each bank at substantially the propor- 
 tion to which it is entitled. For example, if there are 
 two qualified banks each of which is entitled to 50 per 
 cent of the postal savings funds, deposits shall be so alter- 
 nated between the two banks as to give each bank ap- 
 proximately one-half. Thus, if the postmaster deposits 
 $200 in the first bank on one day and $100 in the second 
 bank on the succeeding day, he should make suflB.cient 
 additional deposits in the second bank to bring its bal- 
 ance to approximately $200 before making any further 
 deposit in the first bank. He should be careful to pre- 
 serve as nearly as practicable the proportion to which 
 each bank is entitled; and if on any day the receipts are 
 unusually heavy the postmaster may depart from the 
 usual procedure and make deposits in aU qualified banks 
 on the same day in the respective proportions to which 
 each is entitled. 
 When addi- 3 . After the first apportionment of funds has been made 
 qualify. to the bauks in any locality, additional banks may qualify, 
 
 to take effect on the 1st day of January, April, July, or 
 October, in accordance with the regulations adopted by 
 the Board of Trustees. When additional banks so quahfy 
 as depositories the postmaster will be instructed in re- 
 nSnf appifes on?y g^rd to the reapportionment of deposits. Each such re- 
 *K)siLs?"^°'^ ^^' apportionment will apply only to current funds available 
 for deposit on and after the date when the additional 
 
 18 
 
TITLE IX — POSTAL SAVINGS SYSTEM. §1278, §1279 
 
 bai\ks ([ualify mul docs not aircct fiiiuls previously np- 
 portioiicd and dcpositiMl. 'V\\o pos(inasl(>r iiuist tlnTc- 
 foiT not place with a now hank more than its jmojxm' share 
 of the current funds, shico it is not entitled to j)articipato 
 in funds j)reviously apjiortioiUMl to other ])anks. 
 
 4. The Third Assistant i'ostniaster Cloneral will, froni,,,,|JJ;^;V"nont°' 
 time to time, review the apportionment of postal savinj^s 
 funds amon}^ de[>ositorv hanks and will take or authorize 
 such action as may he necessary to correct any departure 
 from the proper apportionment of deposits. 
 
 .'). The postmaster shall inform the Third Assistant Postmaster to 
 
 T» /I 1 I V •• f 11 ^ ^' ■ f report cluiiiKCN In 
 
 rostnuister ueneral, iJivision oi 1 ostal Savm<^, oi anystum.s of dcposi- 
 
 chanjje m the amount of capital or surphis of a qualilied 
 
 bank, or of the suspension of business by any bank in 
 
 which he has deposited postal savin«]^ funds, lie shall 
 
 also report any change in the corporate name of any such 
 
 bank or its aiuiounced mer<;(>r with any other institution. 
 
 Xi. IvEMrnixc. Postmasters. 
 
 (a) Offices without local depository banks. 
 
 Sec. 1279. If no * * * qualifiod hank exists in any city, Whemnobank 
 
 town, village, or other locality, or if none where such deposita are made ''"'m/'juno as, 
 
 will receive such depotuts on the terma prescribed, then such funds c*?i****!',f^'- •■ ^ 
 
 dhall be depoKited under the ternw of thi.'< a<t in the bank mo«t con- iuir>. Mav ih, 
 11 r. sec. 2; 30 Slat., 
 
 vt'Uient to such loeauty. 159 
 
 _'. If no local bank has (pialilicd for deposits, the(J,'^.'J>',„ "IJ^,'^ 
 po^tnitister will be directed to make dailv remit tanci^s""**'' P*f.^ <""'* 
 by re^istert'il mail (see pars. 15 and 7 of this section) to 
 the postmaster at a designated post oflice where one or 
 mor.' banks have rjualilied. The Third Assistant l'ost-jj^^^"i[,l|J*P*»- 
 ma>ter Genend, may. as a matter of convenience, (h>sig- 
 nate one or more central depository ofllccs for each State 
 or Territory to which the ]>ostmasters in such State or 
 Territory having no h»cal cjualilicd banks will remit their 
 postal sa\'ings receipts and fr<>in wliich they will obtain 
 futuls to meet withdrawals by (lcposit(»rs (st-e sec. IJSO), 
 the net gain in de|K)sits for each such remit ting post oflice 
 to Ix' later transferred at convenient interv'ids by drafts of 
 the Third Assistant Postmaster General for dejxisit as 
 HMiuired by the law in the qualilied bank or banks most 
 convenient to the point where the deposits originated. 
 
 •S. Xo remittance f»f postal savings funds of le>s than ^~ ' "'\" 
 $10 shall be made for deposit except on the 1.')th <lay of^,; ^ ^ "* 
 each month, when all cash on hand shall be remitted. 
 
 19 
 
§1279 POSTAL LAWS AND EEGULATIONS. 
 
 Remittancesre- 4. The postmaster to wliom postal savings funds are 
 
 ceipted for by in- • , • , ' t , t-T -r>o 
 
 central deposi-sent snaii issue a receipt m triplicate on rorm _r!S 313 
 313. for each remittance, the duplicate to be forwarded 
 
 immediately to the remitting postmaster, the triphcate 
 filed, and the originals of all such receipts forwarded to 
 the Third Assistant Postmaster General, Division of 
 Postal Savings, promptly by registered mail after the 
 close of business on the last day of each month. (See 
 sec. 1280, par. 14, as to other vouchers.) The amounts 
 
 — entered in rec- received shall be debited in the Daily Summary, Form PS 
 
 ords and depos- -iici-iii'ii i • i 
 
 itedinbank. 708, and the mnds included w^th the next deposit to the 
 credit of the Board of Ti'ustees. Similar entries shall 
 be made on the next monthly Account Cm-rent, Form PS 
 
 — used to meet 704. The postmastcr may use such funds to meet mth- 
 
 wlthdrawals. , i i i • , , i' • rr 
 
 di'awals by depositors at his ovm omce. 
 
 — entered by re- 5. The amount of fuuds remitted shall be credited by 
 master in records the remitting postmaster in his Daily Summary, Form 
 an repor s. pg ^^^^ ^^^ ^^^ ^^^^ ^^ remittance. The total of such 
 
 remittances during each month shall be shown as a credit 
 entry on the monthly Account Current, Form PS 704, and 
 the date, amoimt, and receipt number of each such remit- 
 tance shall be entered in Abstract C on the back of said 
 — nottodeiay Ac- f oiTu. The monthly Account Current shall not be delaved 
 
 count Current. . -p^^ 
 
 because all receipts on b orm rS 313 covering remittances 
 during the month have not been received, but the report 
 shall be forwarded promptly at the close of the month 
 and the numbers of the missing receipts omitted. 
 
 — accompanied 6. All remittances of postal savings funds to other 
 
 DV letter of trSiUS" ^^ 
 
 niittai, Form PS post oflSccs f or dcposit shall be accompanied by a letter 
 of transmittal (Form PS 314). If the remittance includes 
 
 — dispatched by cmTcncy or coiQ it shall be made by registered mail and 
 regis ere mai . gj^^jj -^^ prepared aiid dispatched in the manner required 
 
 by section 371 for remittance of postal fmids. 
 
 — by checks or 7. The postmaster may make remittances at his own 
 
 risk and expense by means of checks or drafts on National 
 or State banks if negotiable at par without delay, provided 
 that a postmaster's personal check shall not be used or 
 accepted for this purpose. 
 
 (b) Surplus funds of hanking 'postmasters. 
 When local 8. When a postmaster who has been depositing in 
 
 banks have no, . ^ ci • t i •. • ^ 
 
 margin, funds to local baiiks has no im'ther margin for deposits m such 
 central deposi- banks, he shall remit his surplus receipts daily to the 
 
 torv office. ' r r j 
 
 20 
 
TITLE IX — POSTAL SAVINCS SYSTKM. J^127'J, §1280 
 
 cent n J depository ofTirc in liis Sttito dosiijnuttHl hy tho 
 Tliird Assistant Postinjustcr GtMicrid. In injikinj^ such 
 remit ttuu'c»s the })ri)cetlnro set forth in the ]>re<(Mlin<i; 
 para«rriii)]is «»f tliis seetion sliall bo followed. The post-— P"stmu.stcr 
 
 ' .„ . \ ■ f 1 • 1 1 , CJiiitliuiliiK to 
 
 master will eontume to obtani funds to niei't withdrawals''"''' •"' 't«»i 
 
 biuik. 
 
 in oxeess of his enrrent receipts ])y eheekin<^ on his local 
 hank desit^nated for that ])uq)ose and will replac«> fioni 
 his next receii)tvS any withdrawals thus made which 
 reduce tho bank's balance below tlu> authorized iiiaxi- 
 luuin. The ])ostniaster is not autlu)ri/,ed to draw a«;ainst 
 tlu' central de]>ository ])ostnia.st(>r for any of the funds 
 remitted by him, but a record of sucli remitted funds 
 will be nuiintaini>d by the Third Assistant Postnuister 
 CiiMU'ral, Division of Postal Savings, aiul the amount in- 
 volved will be subscfiuentlv returned for deposit in his Rotum of ro- 
 
 1 11 . I 1 ' I •? 1 • 1 1 1- • 1 '"'Ue<l funds by 
 
 local (le])ository hank or hanks if the re(|Uired additional i^t^partment. 
 secMirity is fiirnisiied, othenvise the fuiuls will bo trans- 
 ferred for de])osit in the (|ualili(Hl banks most convenient 
 to the locality, as in tho cjise of de])osits at oflicc-s whi< h 
 have no local (jualifiod banks. 
 
 9. Postmasters at central de])ository ofliccs will be siu-pius fumis 
 spociidly instnicted by the Third Assistant Postmu;storiior> onices. 
 General us to the dis])osition of suqdus funds. 
 
 XII. \VlTni)RAWAI,S. 
 
 {<i ' In tji lu ml. 
 
 Sec. 1280. Any «l<'|)t«!*iti>r may withtlraw tho whole or :iii\ jiiirc >Mth.iran»i of 
 
 of tho iniuU driMwitod to hia or hiT erc<lil, with the acrniod in(««n'.«l, J'^'pifs'ijC"* '"''^ 
 
 iiix)!] di-inaixl and iiiulor Hiich n*>ruhitii)iiH a.H th<> boiifd <>t lni^to«'.M mav ''^"•. J""*" ~>. 
 • 1 .. .../.,. . • • 1 . • ' ch. av>. sec. », 3<J 
 
 pn-.«Mnl»o. (St>o 8t»r. lIG'j, cuntaiiuiiL; aui<-iidtiiciU corUerniii? upon suii., MC. 
 
 tho I'o«tma/<tor (Jeneral authority to inako such rogiilations.) 
 
 J. To withdraw tho whole or anv i)art of tho funds n'-i-o^it'T mast 
 
 ' Mirrtii.lcr ill- 
 
 deposited to his credit, witii the interest oavable thereon, •'•"^,"1 ccriif- 
 
 tho depositor shall surrender at his de])ository otrico 
 ]iostal savini^ ccrtifn-ates, ]u-operly indorsed, covering 
 tho anu)unt of tho dtisired withdrawal. 
 
 :\. Withdrawal.'* .nhall ho pai«l from tho <lfptiHita in tho State or Terri- witlwirawnis 
 tor>-. HO far tut tho jx^tal fund.n on dopoHit in mich State or Territor>- {I?,\,')\'!|' '^Ti'h'ln 
 may b<» fniflTiriont for tho purptwo, and, m iar aa |)ractiral)l<', fn>m tho'"*'''!"'; 
 dopojit."* in th*- n)mmuiiity in whiih the dfjMxit wjw iiuule. r! v 3« 
 
 I. Postmasters are authorized to meet wit htirawals bv - ■•>ta 
 
 ilepositors, includmg both pnncipju and nitorest due, 
 out of daily ]M)stal savings receipts. 
 
§1280 POSTAL LAWS A^T> REGULATIONS. 
 
 (b) Withdrawals hy hanking postmasters. 
 
 Checks on local 5. When Sufficient funds are not on hand to meet 
 withdrawals a postmaster who deposits in a local bank 
 shall draw his official check on the bank designated for 
 that purpose, as provided in section 1277, paragraph 4. 
 Such checks shall be drawn only when absolutely neces- 
 sary and for the sole purjjose specified, and shall be made 
 —payable to post- payable to the postmaster or his authorized representa- 
 tive. They shall not he made payahle to depositors nor 
 — cashed from delivered to them. When required to meet withdrawals 
 vo^ll "funds or after banking hours, such checks may be cashed from 
 
 through business -, jij?i i ij?i , 
 
 houses. money-order or postal funds, or, when such funds are not 
 
 available, thi'ough local busmess houses, if accepted 
 
 without charge for exchange. (See par. 8 of this section.) 
 
 When checking 6. Should the amouut specified as the checking credit 
 
 credit is insuflB- p ,-\ , j.i_-£n-j.j. j.- j_ j 
 
 eient. ol the postmastcr be msulncient at any time to meet 
 
 withdrawals by depositors, the postmaster shall report 
 the facts to the Third Assistant Postmaster General, 
 Division of Postal Savings, stating the amount of funds 
 needed, in order that additional credit may be allowed. 
 Use of tele- The use of the telegi'aph shall be avoided whenever 
 
 ^^^^' possible, and depositors should be encouraged to give 
 
 advance notice of contemplated withdrawals. When it 
 is necessary to request such allowances by telegraph, the 
 postmaster shall use the code word "admerge," meanmg 
 "To meet withdrawals please authorize an additional 
 credit of," so that a request for an additional credit of 
 $200 will read "Admerge two hundred." Postmasters 
 will be charged with the cost of unnecessary words in 
 telegrams not complying with this regulation. Telegrams 
 shall be sent ''Collect, Government rate." To avoid the 
 cost of duphcate telegrams in such cases the postmaster 
 shall request the checking credit bank to notify him at 
 once on receipt of the authority. 
 Entry of checks 7. When the postmastcr draws a check against his 
 
 ports. checking credit, he shall on that day debit the amount of 
 
 the check on the fine provided m his Daily Summary, 
 Form PS 708. The total of the checks drawn during each 
 month shall be shown by a similar debit entry on the 
 monthly Accomit CmTent, Form PS 704, and the date, 
 number, and amount of each check shaU be entered on 
 Abstract D on the back of said form. 
 
 mYne°y?o^r d e°r 8. At offices where the cashing of several postal savings 
 
 cOTeredVj^ashf- checks out of postal or money-order funds on the same 
 
 gle check. 
 
 22 
 
TITLE IX — POSTAL SAVINGS SYSTKM. §1280 
 
 (lay would ])(> lUMossary, iiistciid «)f dniwing such cliocks 
 11 toni|>()rary inciuorundum slip fur cnrh trniisactioii umy 
 !)(> placed \\\{h tlic postal or inoiicv-ordcr funds and a 
 single chock on tho posUil savings credit suhstitutcd at the 
 closo of tiio day t<> cover tho total amount involved. 
 Such cho<-ks must always ])oar tho dato of tho trans- 
 actions covered. 
 
 [(■) Witlulniii'dls hi/ rtntittiiKf postmasters. 
 •.». In order to <d)tain funds to nu>et withdrawals of Orafts on con- 
 
 , . . f 1 • I -1 tralilc|M)8ltory of- 
 
 pruicipal or uiterest ni exc<'ss of Ins daily receipts, a post- iico, Form rsaio. 
 master who has no local depository hank and who remits 
 funds tt) another postmaster for deposit shall draw drafts 
 (Form PS.SIG) on tho pt)stmaster to whom such remit- 
 tances aro made to au amount not to cxco(hI SI, ()()() in - monthly iimi- 
 
 11 1 1 . I - ■ .1 • 1 ttttioii. 
 
 any calendar month, unless a groator credit is authorizod 
 hy tho Third Assistant Postmaster General. Suhject to 
 this monthly limitation, tho postmaster will ho authorized 
 to draw agauist his depository postmaster to any amount 
 needt^d to meet withdrawals of deiX)sitoi's, oven though 
 a part of the |)revious j)ostal savings n'coipts of his ollico 
 may hav(» heeii remitted for deposit to sonu> other oMico. 
 Postal savings <lrafts shall not he drawn for any purpose 
 other than that specified. Any postmast(>r or postal— penalties for 
 omployoo who shall knowuigly draw a draft in excess of 
 tho amount authorized nuiy tlierohy suhjcx-t himself to 
 the penalties pr«)vid(Hl in section I.') of tlu^ j)ostal savings 
 (S4*o sec. 1717. t Should tlu^ amount specified as 
 the j)ostma8tor's monthly credit ho insuHicieiit at any — whcnmonthiT 
 tune to meet Withdrawals, the 1 liird Assistant 1 ostmaslerciont. 
 General should l)e ro(jU«*st«'<l to authorize additional credit 
 as provide<l in paragraph of this s<'ction. In <let<'r- 
 niining tiio amount of unuse«l credit thi> postmaster shall 
 ho govornod hy tho dates of drafts drawn and not th(^ 
 dat«*s of payment. 
 
 10. When re(juire<l to meet witlulrawals promptly,— .>.!,.i from 
 postal savings draftvS nuiy ho cashed from money order or'i Z 
 postal funds or, when su«-h funds aro not availahlo, !,„u . "" 
 through l<»cal hanks «»r husiiu'ss houses, if accepte<l with- 
 out charge for exchange. Th^y shall not be made paijabU 
 
 to dtpi^s'xtnrs unr dilivirtd to thnn. 
 
 1 1 . WluMi tho postnuuster draws a draft (Fomi 1*8 .316) ~,'^^^^^^ 
 on the postmaster to whom he makes remit tancj'S, ho shall 
 
 on that day dtd)it tho aniount of tho draft on tho lino pro- 
 
 23 
 
§1280 POSTAL LAWS AXD REGULATIONS. 
 
 vided in his Daily Summary, Form PS 708. The total of 
 the drafts drawn during each month shall be shown by a 
 similar debit entry on the monthly Account Current, 
 Form PS 704, and the date, number, and amount of each 
 draft shall be entered m Abstract D on the back of said 
 form. The stubs of the drafts (Form PS 316) shall be 
 retained on file. 
 Action of de- 12. A postmaster to whom remittances are made, on 
 
 pository office on .. ic, i- i i • i ii 
 
 drafts. receivmg a drait properly signed and mdorsed by a remit- 
 
 ting postmaster, shall make certain that the amount of 
 the draft does not exceed the balance of the postmaster's 
 authorized credit remainmg unused for the month in 
 
 — payment from which the draft was drawn. The depository postmaster 
 orbyuseo?check-shall then pay the draft from his current postal savings 
 "^ ^ ^ ' receipts, or, if they are insufficient, by cashing a check 
 
 on his designated bank, as provided in paragraph 5 of 
 
 — when received this sectioii. If the draft is received dhect from the 
 ing postmaster, drawing postmaster, the funds shall be sent by return 
 
 registered mail, accompanied by a letter of transmittal on 
 Form PS 319, and the remittance shall be prepared and 
 dispatched in the manner provided in section 371. 
 
 — when credit is 13. When any draft is received the honoring of which 
 
 would cause the drawing postmaster's authorized credit 
 to be exceeded, payment shall be temporarily withheld, 
 and the Third Assistant Postmaster General shall be 
 immediately notified of the amount by which the monthl}'' 
 credit is exceeded. Wlien such an overdraft is pre- 
 sented for payment tlu'ough banking channels and prompt 
 action is necessary to prevent return for nonpayment, 
 the bank should be requested to hold the draft and tele- 
 graphic report should be made to the Third Assistant 
 Postmaster General, Division of Postal Savings, in the 
 
 following form: " (name of month) drafts — 
 
 (name of post ofiice) exceed credit dollars. " On 
 
 receipt of such notice the Third Assistant Postmaster 
 General shall immediately instruct the postmaster by 
 telegraph as to the action he should take. To reduce 
 telegraph charges all cases of overdraft when possible shall 
 be handled by mail. 
 
 — entries in rec- 14. When a postmastcr pavs drafts drawn by other 
 
 ords and reports. i i n i i" t i i 
 
 postmasters he shall on that day credit the total amount 
 of such drafts on the line provided in his Daily Summary, 
 Form PS 708. The total of all drafts paid during each 
 month shall be shown by a credit entry on the monthly 
 
 24 
 
TITI.K IX — POSTAL SAVINCS SVSTKM. §1280, §1'JS1 
 
 Acootint Oiirrciit (l'\irm I'S 704). The <ljifr. luimlKT and 
 amount of oadi draft paid, as well as the namr of tho 
 drtiwinjj odice, slial' he fiitrrcd in Ahstract E (Form I'S 
 5110. This ahstract, to^cth»>r with all drafts paid and 
 rcfoipts issued on Form PS M'.] (hn'in<; the month, shall 
 he forwardeil hy rej^istero<l mail iJromptlN" af(t>r the (lose 
 of husiness on the last day of the month to (h(> Third 
 Assistant Postmaster (leneral. Division of Postal Savings, 
 without awaitini^ the completion of the monthly Accdunt 
 Current. 
 
 XI II. PvvMKN'r or ('KK'nnrATF.s and Interest. 
 (a) Pai/nunt ttf ctHlJinifis. 
 
 Sec. 1281. When a depositor presents a <-<Ttiri('ale f()r„f'";,'4"°™''°^ 
 paynu'nt of the prin(ij)al ho shall indorse, it in tho presence 
 of the postmaster or his authorized representative and 
 surrender it. 
 
 ■J. If a depositor can not write and si^'ns hy mark, his~'^>™'^''- 
 name shall ho WTitten anil attested by a disiiitcreijted 
 witness in the following' nnimuM': 
 
 His 
 John X l)o0 
 
 Mark 
 
 Richard Koo 
 
 \Vitness 
 
 :\. If a depositor si<;ns his name in characters not used^t °-»<i u^Km- 
 in the hinj^lisli lan«jua«je his sij^miture should also j)c ' 
 attested by a disinten»st<>d witnow. 
 
 -I. Neither the postnnister nor any clerk employed oni^,^^!',",.""''' '^' 
 postal savinj^ work shall act as witness, hut any otlier 
 employee of the office not enpi«;<Mi on postal savin<;s work 
 and havinjjj no inter<>st in the transa<'.tion nniy witn(»ss 
 sif^naturesj to postal savinj^ vouchers and chxunuMjts. 
 
 .). 1 no postmaster shall withdraw from the files tho<iciKBHor. 
 dt'positor's card, Form I'S GOO, and see that tho in<iorso- 
 ment corresponds with the original sij;nature on tho 
 application to open an account and satisfy himself as 
 to tho identity of the depositor. I'idess tho applicant 
 for paj'ment is personally known to ho tiie tru<s depositor, 
 tho postmaster shall ask ti'st quisti«)ns as to all persomil 
 facts shown on the application and take such other action 
 as may he netu'ssary to assure himself of tho depositor's 
 identity. 
 
 10li7:i<'— 17 4 25 
 
§1281 POSTAL LAWS AND REGULATIONS. 
 
 PajTnent. 6. If the postmaster after complying with the foregoing 
 
 instructions is positive that the claimant is the depositor, 
 and if the certificate bears no evidence of alteration or 
 
 Payment with- erasure, and corresponds in every particular with the 
 records of its issue, it shall be paid, together with all 
 interest due thereon; otherwise payment shall be with- 
 held until the postmaster is satisfied that it is proper. 
 
 — and facts re- 7. If the postmastcr is unable to satisfy himself as to 
 ment. ° ^^^ the propriety of any payment, he should transmit the 
 
 certificate with a statement of the facts to the Thu'd 
 Assistant Postmaster General, Division of Postal Sav- 
 ings, after giving the holder a receipt on Form PS 305 
 for the certificate surrendered. 
 Record of pay- 8. Certificates when paid shall be canceled across the 
 face with the special ''Paid" date stamp furnished for 
 the purpose. Payments of principal shall be recorded 
 — ^on depositor's on the depositor's card. Form PS 600, by entering on the 
 card the date and the total amount of the withdrawal, 
 noting the balance remaming to the credit of the deposi- 
 tor, and entering the date of the payment opposite the 
 
 — of certificates number of each certificate paid. In paying certificates 
 if 1917.^^ "'^^ ^issued prior to July 1, 1917, the same procedure shall be 
 
 followed, except that the date of payment shaU be 
 stamped on the duplicate certificate and the same filed 
 m the depositor's envelope. Form PS 300. Depositors' 
 cards on which withdrawals have been entered shall not 
 be returned to the files until aU accounts for the day are 
 in balance. (As to interest payments see par. 13 of this 
 section.) 
 
 — in abstract, 9. At the closB of sach dav's business or at such time 
 
 Form PS 706, and , . , , , . ^ 
 
 Daily Summary, durmg the day as may be convenient the postmaster 
 shall enter the date of payment and serial number of the 
 certificates paid under the proper denominations in the 
 Abstract of Payments (Form PS 706) and carry the total 
 amount to the Daily Summary (Form PS 708). The 
 entries on depositors' cards shall be proved daily by 
 adding the withdrawals made during the day and com- 
 paring the total with the total withdrawals shown by the 
 Abstract of Payments, Form PS 706. At the close of the 
 month the Abstract of Payments, Foitq PS 706, and all 
 paid certificates, properly arranged by denominations, 
 shall be forwarded with the postmaster's monthly Ac- 
 count Current. 
 
 26 
 
TITLE IX POSTAL SAVIN(;S SYSTEM. §1281 
 
 10. When a (ltM)<>sitt»r tlosiivs to w itlidiaw niih ii i)art I'art payment 
 
 , , - ... , ■ (if iiTtmcatc. 
 
 of tho aiiKuint »>i any ctTtilicat*', tho postmaster, on j)r('- 
 scritatioii of {\w crit ilicato, pfoju'.rly iiidoi-scd, sluill pay 
 tlu' amount (It'maiultMl, with all intorost tlu'H payal)l«> on 
 tlu' full amount of tln» ('(M'tilicati*. Il<> sliall stainj) the 
 oTtilicato as paid and issuo a nt»w cert ilicatr or crrtifi- 
 cati'S oovorinj; tho imioiint to remain on drposit, \\lii(h 
 shall l)oar intorost from the 1st <hiy of \\\v nn>iilh smc- 
 t«'«>tlini; tluit in which jiaymont is nuuh'. 
 
 11. Partial ivivments of certificatos outstandin«^ in tlir N" i-art noy- 
 nami' of a decoasfd depositor shall not 1)0 made. 
 
 \'2. Whenever all cert ilicates issued to a depositor have <'i"siiiK of ao- 
 
 ' . counts. 
 
 been paiil the depositor's card, Form PS 600, bearing the 
 H'coril of his account shall ])e marked ''Account closed" 
 and j)laced in a separate file with other closed accounts 
 in numerical ord<M'. An exception is ma(h> when deposits 
 are <»xclianj^»Ml for IxMids. (See sec. 1284, j)ar. 9.) 
 
 ( h ) Payment of interest. 
 l.'i. A dctiositor mav withdraw the interest navahle on >vhon'i<'P«siK>r 
 
 ' • ' • witliilr;kws itilcr- 
 
 anv certili<-ate hv presentin<r said ccrlilicatc at tlie odice''^'- <"'rt''«-|to to 
 
 of issue and being identified, hut if the principal icniains--«ipivisitortobo 
 
 , . , 111 • , , •/■ I i<i«<iuinc<i. 
 
 on de|)Osit ne should not indoi-sc the certificate as m the 
 
 case of full payment. The postmaster on presentation of 
 
 one or more certificates for payment of interest shall, after 
 
 identifyiuff the depositor, prepare a receipt on Form ,r,>7^.Ij",,J*'j^ 
 
 P.S (ios in duplicate, showing the date, name of post ofiice i'''™'**- 
 
 and ofiice number, depositor's account numi)er, the serial 
 
 number of each certificate, the amount of interest due on 
 
 each, and the total amount to be j)aid. This re<*eipt shall 
 
 bo prepared whether the principal of a <-ertificate is also 
 
 paid or remains on deposit. The original of the receipt— wiRimU lo i>o 
 
 . . . . iljCtifl. 
 
 shall be d(>tached from the book in whicii it is bound and 
 
 the depositor re(|uired to sign it. Aft«>r obtaining the- "ntrips to be 
 
 . , I I ,1 I , miwlc on back o( 
 
 depositors re<-eipt the postmaster shall enter the date ofcprtinon*. 
 payment separately for each year's interest due in the 
 spaces presided fi»r that purpose on the back of each cer- 
 tifi<ate. The amount due should then be paid to the 
 dt>jH)sitor, and the certificate returned to him if the prin- 
 cipal is to remain on deposit. The Memorandum dui)li- , '.'"r"**.!? U" 
 
 • > • orlpt to be r»- 
 
 cntc of the int«'r(^t nvcipt shall be n>tained as an ofiice J"l"r',U" '****• 
 re<'ord in the book in which bound, and the postmaster or 
 clerk recording tho payment shall enter his initials thereon 
 
§1281, §1282 POSTAL LAWS AND REGULATIONS. 
 
 When depositor in the spacG providecl. In paying interest on certificates 
 
 est on certificatesissued prior to Julv 1, 1917, a receipt on Form PS 608 
 
 1,1917. shall be taken as above provided, and the date and 
 
 amount of interest paid on each certificate noted on the 
 
 back of the corresponding dupHcate, which should be 
 
 retained on file in the depositor's envelope, Form PS 300. 
 
 Under no circumstances sliall the postmaster pay interest on 
 
 any certificate without entering the paijment on the hacJc of the 
 
 certificate, except as provided in section 1284, paragraph 8. 
 
 Total interest 14. Interest payments shall be totaled daily and cred- 
 
 payments cred- . it •it- i-i^ n 
 
 ited in Daily Sum- 1 ted on the line provided m the Dailv Summary, Form 
 
 mary and Ac-_^ »ii p ^ ^ 1^ " i 
 
 count Current. PS 708. At the close 01 the month all original receipts on 
 Form PS 608 covering interest payments made during the 
 month shall be forwarded as vouchers with the post- 
 master's monthly Account Current, in which credit shall 
 be claimed for the total as provided by section 1286. 
 
 XIV. Withdrawals Through a Representative or 
 
 BY Mail. 
 
 (a) Withdrawals through a representative. 
 
 When pa V - Sec. 1282. When it has been shown to the postmaster's 
 
 ment may be . . . „ . ^ . 
 
 made through satisfaction that a depositor, because of infirmity or for 
 
 representative. ^ ^ m • , 
 
 other good and sufncient reason, can not appear m person 
 to make a withdrawal, the postmaster shall furnish to the 
 representative of such depositor a blank order for the 
 purpose. Payment shall not be made on such an order 
 unless the postmaster is satisfied as to the identity of both 
 the depositor and the representative. 
 Payment of 2. For the payment of both certificates and interest to 
 interest due, au-such a depositor, a blank order, Form PS 304, and the 
 on Form PS 304. Original of a receipt for interest. Form PS 608, shall be 
 furnished. When the order has been properly filled out 
 and both the order and interest receipt have been signed 
 by the depositor, they shall be returned to the postmaster, 
 together with the certificate or certificates properly in- 
 dorsed by the depositor. The postmaster shall then make 
 payment to the representative. The payment of the cer- 
 tificates and interest shall be recorded as provided in sec- 
 tion 1281, paragraphs 8, 13, and 14. The retained dupH- 
 cate of the interest receipt. Form PS 608, shall be com- 
 pleted from the signed original. The order on Form 
 PS 304 shall be filed in an envelope next to the depositor's 
 card, Form PS 600. 
 
 28 
 
TITLK 1\- l'(»l \l. SAVINC.S SYSTKM. §1282 
 
 .">. WluMi such a depositor doircs to withdraw incn'Iv m- 
 
 ihi' mtiTt'st pavaolo oji anv cert ihcatc vv irrtihcati's, ht" r lor 
 
 shall 1)0 furiHshi'd with a hlajik order, rorm I .s IH)2, and 
 thf ori<;inaI of an interest reei'ipt, Form PS (>()S, both of 
 which must he si^iu'd by tlio dej)ositor. The j)aynuMit 
 >hall he rccor(h'(l as provided in section 12S1, para^ra|)h 
 l>, and the retaijied «hiph<-ate of the interest, receipt, com- 
 |)h'ted from the si<;ned ori^^ir.al. 'J'he order on l''orm J'S 
 'M)2 shaJl be filed in an envelope next to the (h'positor's 
 card. Form PS fiOO. 
 
 •I. If the (h-at h of a (h'po^itor occui>i after iie has si<;ned r*'''»«h "f <l<- 
 
 •111 iir 1 |>«^il<>r after slgii- 
 
 aJi order for a withdrawal and ht-fore it. lias l)een pre-">Ki"»orJcr. 
 sented for j)aynient, th(» postmaster, if aware of sucli 
 (h'ath. shall defer j)ayment. and |)roceed as provided m 
 section 12S3. 
 
 (b) Wllliilrawal^ by inail. 
 
 ."». A (h'i)osit()r (h'siriui; to make a witlnhawal bv mail noposiior may 
 mav obtain from anv depositorv oflice an application '^ i"'- "for pay- 
 blank, Form l*vS 315, requesting a money order for the"«"''<'r 
 amount of the surrendered certificates and any interest 
 due, less the money-order fee. This form shall be filled 
 out and signed at a post ofFico in the presence of the 
 postmaster <ir his authorized representative, either of 
 whom shall witness the aj)|)lication and date it with the 
 oflice stamp. The dej)ositor shall indorse the certificates 
 ami deliver them, with the <-ompleted Form PS .^15, to 
 such postmaster or his representative, who shall forward 
 the certificates and the application to the i)ostma.ster at 
 the dej)ositorv ollice, 
 
 G. If anv interest is pnvable, tiie depositor shall be n«««>ipt for any 
 
 •It'll ■ ■ i' r t- II . liUcrosl duo. 
 
 furnishe<l with the original of a recei|)t on rorm i ."^ 'M)S 
 by tfie depositorv oflice through which he applies and 
 the same should be comph^ted and signe<l by the depositor 
 and inclosed with Form PS 315. 
 
 7. The p«)stmaster at the oflice when^ th«» certificates iTorr-iurc in 
 
 , ., ■ n I I 1- • • 1 • piiN lin; l>y motley 
 
 were issued, if satisfied as to the applicants identity, ofKr. 
 shall fonvard to him at the stated address a money onler 
 for the amount withdrawn, less the money-order fee. 
 The payment of the certificates ami interest shall be 
 re<-orde(| as provided in section 12si, paragraphs S, ]'.i, 
 and 14, and a memoraiulum dupUcate interest receipt, 
 Form PS (iOS, shall be prepared from the signed original. 
 Tlie order on Form PS .{15 shall be filed in an envelope 
 next to th'- d.-i.,.^lt..i-\ . Mfl Form I'S OiK). 
 
 21) 
 
§1283 POSTAL LAWS AND KEGULATIONS. 
 
 XV. Death, Legal Disability, or Change in Name 
 OF A Depositor. 
 
 (a) Death or legal disability of a depositor. 
 
 Specific au- Sec. 1283. Payment of the amount on deposit to the 
 ment must be credit of a deceased, insane, or otherwise legally incom- 
 petent depositor must not be made until specific author- 
 ity therefor has first been obtained from the Third As- 
 sistant Postmaster General. After the death of a de- 
 positor his account shall not be increased by further 
 deposits. 
 Administration, 2. Administration will be required in settling: the ac- 
 
 when required. n ^ i i • i i 
 
 count 01 a deceased depositor when the amount on 
 
 deposit exceeds $250, except when administration is not 
 
 required under the laws of the domicile of the decedent. 
 
 Payment to ad- In case administration has been granted on the estate of 
 
 miiiistrator or . ii-ii tii 
 
 otiier representa-a deceased depositor, or the depositor has been adiudged 
 
 tiV6 of 6St&t6 JO 
 
 mentally or legally mcompetent to handle his own affairs, 
 the postmaster shall obtain from the executor, adminis- 
 trator, or other legal representative, and forward to the 
 Third Assistant Postmaster General, Division of Postal 
 Savings, the original or a certified copy of an order of a 
 court of competent jurisdiction showing that the person 
 demanding payment has quahfied as such executor, 
 administrator, or other legal representative. If proper 
 authority is shown the Third Assistant Postmaster 
 General will then authorize the postmaster to pay such 
 legal representative the amount standing to the credit 
 of the depositor, together with all interest payable 
 thereon, upon indorsement of the certificates as provided 
 by paragraph 9 of this section. 
 When appoint- 3, When the appointment of the legal representative 
 
 ment has been m ■ p p • i i • 
 
 force more than has Dcen 111 lorce lor a period exceeding one year, the 
 
 0116 VG3.r. o */ ' 
 
 legal representative shall be required to obtain an addi- 
 tional certification from the clerk of the court, or other 
 proper official, showing that his appointment still remains 
 in full force and effect. 
 Payment when 4^ jj^ ^asc of the death of a depositor intestate and the 
 
 depositor dies in- i 
 
 testate and no amouut ou dcposit is Small ($250 or less, except where the 
 
 administrator is ^ ^ ' ^ 
 
 appointed. laws of the domicile of the decedent provide otherwise), 
 the postmaster shall obtain an application for payment 
 on Form PS 114 from one of the next of kin or the person 
 who paid the funeral expenses, duly acknowledged before 
 
 30 
 
TITI.K IX POSTAL SAV1N(;S 8VSTEM. §1283 
 
 an (tflicor aiithorizod to adiuinistor oaths. This form 
 must ho exorutrd in acconhirico with the instructions 
 printi'il on the last j>a«^o ami ftuwankHl with tho rccciptiMl 
 hills for tho fuiUMJil oxponsos to tho Third Assistant 
 Postmaster Genoral, wlio, if tho aj)j)lication is a|)|)rovcd, 
 may authori/o payment of tho amount standin<^ to tho 
 depositor's credit, with ftll intere.>it payal)le tliereon, to 
 the person or persons entitled to receivo it imder tlio laws 
 t»f the State of tho domicile of tho decedent, upon indoi-se- 
 ment t)f tho certificates as provided hy ])ara^rapli S) of 
 this section. 
 
 5. If tho fuiiernl t«\|)(Mis('s and other j)referred claims Paymcnttoun- 
 
 1 .1 11 ,• iiiii <lortakor or other 
 
 liave not heen paid and no extMii|)tions are created oy the pn'f.Trod crodi- 
 State laws, tho postmaster sludl ohtain an aj)j>lication for 
 payment on Form PS 1 15 from tho undertaker who hurietl 
 tho depositor, or from the otlier j)referre(l creditor or 
 creditoi"s. This apj)hcation, accompanied hy a certifi- 
 cation on Form PS 115a as to the correctness of the 
 claim, shall he forwarded to tho Third Assistant Post- 
 master Cleneral, Division of Postal Savings, wlio may 
 autliorize payment to tho proper person. 
 
 f). In tlio event of tlie death intestate of a depositor Payment to 
 
 . . . 1 I' • 1 . 1 • • 111- <"ii-siiliir oillccr 
 
 resiiluig m tlio United states wiio is survived hy alien '"r •iJi*" hf'". 
 heirs residing ahroad entitled to tho amount on deposit 
 or a portion thereof, tlio postmaster shall ohtain an 
 aj>j)li(ation for payment on Form PS 112 from tho con- 
 sular ofhcer having jurisdiction in tho case. This appU- 
 ration shall l)e forwarded to the Third Assistant Post- 
 master General, I)ivi>i(»n of postal Savings, accompanied 
 hy the receipted hills for the funeral expenses or an 
 appli<ati(Hi from the undertaker as provi(i(>d hy para- 
 gr!ij)h 5, and payment to the proper peiNon niav he 
 authi>rized. 
 
 7. In the (>ast> of the deiith intestate of any drpo^>itor t«t« 
 
 while residing ahroad, spjM-ial instructions will he issued .i 
 
 n|)on ap|)lieation to tho Third Assistant Postnuustor 
 (iciiiral, Division of Postal Savings. 
 
 s. When a depositor dies and is jjuried ahroad, is lost Uoquircmcnti 
 
 ... , , , . iM to (iincral ex- 
 
 at sea, perishes in some catastrophe that makes inter- |ciwc-^w»ivod. 
 ment impossihle, or is Iniried l>y tho l'nit«'d »Stat^»s 
 (lovernnu'nt, a statement to that effect should i)e made 
 in thti application for payment, in which event tho 
 requirements as to tln> funeral ex|KMis<»s will he waived. 
 
 81 
 
§1283 POSTAL LAWS AND REGULATIONS. 
 
 Signature of 9. Before makina: payment the postmaster shall obtain 
 
 payee on certifi- . » 
 
 cates and interest the Signature 01 the payee to each of the postal savmgs 
 
 certificates, and when interest is due to receipt on Form 
 
 PS 608, m the followmg form: John Doe, by Richard 
 
 Roe (executor, widower, guardian, or other proper title). 
 
 Memorandum iQ. After payment has been made, a memorandum 
 
 showing author- r j 7 ^^---^ 
 
 t7'^°a^id^"enm-^^^^ ^^ affixed to the certificates stating that ''payment 
 
 cates. was made in accordance with authority contained in the 
 
 letter from the Third Assistant Postmaster General dated 
 
 ." The certificates shall then be treated as paid 
 
 and forwarded by the postmaster with his next monthly 
 Account Current. 
 Application n^ Application forms for the use of the next of kin, 
 
 forms. . 
 
 undertaker, preferred creditor, or consul, may be obtamed 
 from the Third Assistant Postmaster General, Division 
 of Postal Savings. In reporting the death of a depositor, 
 or in requesting these forms, the postmaster shall state 
 the name of the depositor and the amount on deposit 
 and any other mformation that may assist in the settle- 
 ment of the account. 
 Paymentinset- 12. A depositor may not designate a beneficiary to 
 ceased depositors' receive payment except through the formaUty of a wiU, 
 
 accoimts must be j. ./ x o ^ ./ ; 
 
 made direct to j^or will powcrs of attomey, waivers, assignments, or 
 
 persons author- ^ . ' o i 
 
 ized. releases be accepted in the settlement of an account. 
 
 Payment must be made direct to the person or persons 
 to whom authorized. Whenever funds are to be remitted 
 by mail a money order, less the usual fee, shall be used. 
 
 (Z>) Change in name of depositor. 
 
 Woman who 13. A womau who opens an account and afterwards 
 marries should present her postal savings certificates to 
 the postmaster, who shall note on the face of each cer- 
 tificate the new name of the depositor and aflBx his sig- 
 nature. The depositor shall be required to sign her new 
 name on the appUcation. Until the depositor presents 
 her certificates for proper notation the postmaster, if 
 aware of her marriage, shall receive no further deposits 
 on her account nor make any partial or interest pay- 
 ments to her, but he may make full payment to close her 
 account on being satisfied as to her identity. 
 
 Change of name 14. In the event of the change of a depositor's name by 
 
 by order of court. ° ^ . . , . . 
 
 the order or decree of a court of competent jurisdiction, 
 the procedure set forth in the next preceding paragraph 
 shall be followed. 
 
 32 
 
 marries 
 
TITLE IX — POSTAL SAVINGS 8VSTEM. §1284 
 
 X\'l. Postal Savings liosDs. 
 
 Sec. 1284. Any iloponitnr in a poHtuI tuivinKH <l(>|KMitury may aur- Potui Hji»inK* 
 Kii.lcr las ilfjHinil, or any part Uioroof, in the sunis of twi-nty dollnrH, **"iuio,' j„n.' r. 
 forty dolhuv, edxtv dollars, ciithtv dollars, one hundn-d dollars, and ''''•, •^'*' '"'*'• ><*: 
 
 ." • I , I ' 1 1 1 .1 " I ,. . • . .. . . *i but., 817. 
 
 miiUipk'K of one hundre<l <lollarM and live hundred dollars, and r<'reive 
 ill lieu ol Hueh sum'U«liTeil <U'|M)sitn, un«ler Huth nx>dation.s ad uuy be 
 estiihlitilu'd liy the board of tru^oo:^, the aiuounl of tlie Hurrfiulrred 
 dep<^it.-« in I'nited Slate.s coupon or ri'>,'i.'<tered boml.s of the deiiouuna- 
 fi->n.-< of twenty (lollnrx. forty dollars, nixty liolhirs, ei^'hfy dollars, one 
 hundred dollars, and five hundred dollars, which hon«l.s Hhall bear 
 interest at the rate of two and one-hulf per centum per annum, payable 
 Heiiuannually, and be redeemable at the plea<<ure of the Tnite*! States 
 after one year from the date of their i.xsue and payable twenty yeare 
 from such date, and both principal ami interest shall be payable in 
 I'liiteil States pold coin of the present standanl of vahie: I'roridtd, 
 That the bomis herein authorized shall be issued only (first) wlion 
 there are oil ttitandin^ bond.s of the rnited States subject to call, * » ♦ 
 and (^st-cond) at timen when under authority of law otlier than tliat 
 contaiiu'il in this act tlie Government disures to issue bonds for the 
 purpose of n'plenishinj; the Treivsury, * » * And provided further, 
 That the bonds herein authori7e<l sliall be exempt from all taxt>s or 
 diiliiw of the United States, as well as from taxation in any form or 
 nniler State, municipal, or local authority. 
 
 N'liTK. — Itoiub* are L«ued umler this autliority only in denomina- Donomliiaiuiiui. 
 tioibi of twenty dollars, one hundretl dollars, and five hundred dollars. 
 
 ■J. A depositor may, subject to the coiulitioiia proviiled Appik«iioci i.* 
 ill the preceding paragraph, surronder his deposits in 
 wlu.le or ill part, in the sum of S2() or any midtiplo 
 tlieivof, up lo 81,()UU (see pur. 9 of tliis section), and 
 rect'ive in heu of such surremlered deposits jjostal savings 
 bonds in ai)|>roj)riate <lenoiniimtions. Sucli cxcliange 
 may be made by a dep<»sitor as of Junuary 1 and July 1 - w»ir„ . . u. 
 of each j'oar. AppHcations may bo received from deposi- 
 tors from fbmujiry 1 to and inchiding tlie (ii"st busitiess 
 day in June for bonds to l>e issued to bear intenvst from 
 the following July 1. aiul from .luly 1 to and iiududing 
 the first busiiir-s day in l)e(«'nilM'r for bonds tt> l>e issued 
 to U'lir iiit<'r»"^t from tlie following Janiuiry I. Tim- on K.»ni i> 
 ilepositor shall obtain at his de|)ository ofltce an applica- 
 tion Fonn PS 600, complete it in duplicate, aiul return 
 it ttJ the postmast<«r. At the time of such application— wtui in i< ..i 
 the (lepositor shall indorse and surrender to tho post^ 
 master postal savings certifi(at«»s n'|>'' ' the e.xact 
 
 amount of the bonds for which api i is made. 
 
 The endorstMuent in each ctuso must corn»spond with the 
 iijiiiie on the fa<e of the certilicate. The j>«»stmaster 
 shall make certain that all information calletl for l»v the 
 
 101473°— 17 5 88 
 
§1284 POSTAL LAWS AND EEGULATIOXS. 
 
 application Form PS 609 is entered on both copies thereof 
 and that the post-office address of the depositor is com- 
 pletely and correctly shown. 
 
 idaumed"* *" ^^ ^ • Before accepting the appHcation the postmaster shall 
 identify the depositor in the same manner as if the cer- 
 tificates were to be paid in cash. (See sec. 1281, pars. 
 5 and 6.) 
 
 portoslt^.^ ^^^ "^^ "^^^ postmaster shall certify the surrender of the 
 certificates on both copies of the application. He shall 
 detach the certified list of sxu*rendered certificates from 
 the duphcate application at the perforated line, return 
 the list to the depositor as his receipt for the certificates, 
 and file the retained portion of the duplicate apphcation 
 in an envelope next to the depositor's card, Form PS 600. 
 He shall then immediately forward the original applica- 
 tion and the surrendered" certificates to the Third Assist- 
 ant Postmaster General, Division of Postal Savings. 
 Apphcations shall be forwarded at once and not held 
 until a number have accumulated. 
 
 piicaUon!^°^^^ ^- ^^ ^^^ dcpositor's application is approved the Third 
 Assistant Postmaster General, after detaching the list of 
 surrendered certificates from the original apphcation, wiU 
 transmit the application to the Secretary of the Treasury, 
 who will cause the bonds to be issued and forwarded 
 direct to the applicant. The list of surrendered certifi- 
 cates detached from the origmal application will be 
 returned to the postmaster with the approval of the 
 application noted thereon. This approval will be the 
 postmaster's authority for recording the certificates as 
 paid when the proper time arrives, and the list bearing 
 it may be filed with the retained portion of the duplicate 
 next to the depositor's card. 
 
 pi^S*^*"^^^' 6. As a check against the loss of postal savings bond 
 apphcations in the mails a postmaster shall forward a 
 statement at the close of the first business day in June 
 and December giving the names of all applicants and 
 the amount of bonds applied for by each. 
 Treatment of 7, The Certificates exchanged for bonds will be treated 
 
 surrendered cer- , ° 
 
 tificatcs. as paid on the date on which the bonds begin to bear 
 
 interest, namely, January 1 or July 1, and must be con- 
 sidered as outstandmg until that date. The certificates 
 will be stamped "Paid" in the office of the Third Assist- 
 ant Postmaster General, Division of Postal Savings, and 
 placed with vouchers to the postm aster 'sAccoimt Current 
 
 34 
 
TITLE IX — POSTAL SAVINGS SYSTEM. §1284 
 
 for January or July. On tho (ir>>l «luy of January or .luly, 
 as may ho proper, tlio postmaster shall iMiter tho cortifi- 
 ctites as paid on tho depositor's curd, Vovin PS GOO, from 
 tho list, of certiliijites surrtMKUrcd f(»r honds, »ind iiK ludo 
 tho cortifieatos in tho amount of pnid cortificat os f«»r that 
 duy in tlio Daily Summary. A dehit ontry t*f tho samo 
 amount shall ho mado on tiio liiu» provich'd in tho Duily 
 Summary. Tho amount shall also hodoductod from tlio 
 halanco in tho summary of depositors' necountvS. Theso 
 entries shall ho carried fonvard to tho con'ospondinj; 
 it«ms in tho monthly Account Ciirront. 
 
 8. If anv interest is already duo and pavahlo on <er- PayinMit of in- 
 tilicates when thov aro surrendered for convei-sion into- '«< 
 honds (see sec. 1270, par. W), payment of all interest duo' 
 
 should then he made, entered jus of that date in tho man- 
 ner provided hy section 12.S1, paragraphs I'A and 14, aiul 
 credit claimed in tho Account CurnMit ft)r tho nu)nth in 
 which tho payment is effected. Care must ho taken to 
 enter tho interest pannents on the hacks of the certifi- 
 cates hefore they are fonvarded with the hond applica- 
 tions. If any interest hecomes due after the certifi<-ate8 
 have heen surrendered and prior to or on tho date on 
 which tho certilicates aro treated jis paid (Jan. 1 and 
 July 1), tho same shall he paid to the depositor on or 
 after tho date of exchange, anil the samo procedure fol- 
 lowed, except that since tho certilicatos aro not at hand 
 tho notation ** Certificates surrendered for honds " shall 
 he written on the interest recei|)t. After <*ertihcates tiro 
 forwarded with an application for honds uo further inter- 
 est thereon shall he paid until the date of exchange (Jan, 
 1 or July 1). If any interest remains payahle on tho date 
 of exchange tho depositor shall ho requt^ted to call for 
 it imme<liat«ly, and payment made as providtnl in the 
 preiu'ding sentence. In iw cane will credit be allowed fnr 
 fit pai/mtnt of interest before it is due. 
 
 9. A deiK)sitor npplyini; for l)onds who has on dei)osit ^^'h<>n appiiomt 
 ui lus postJil savmgs accotmt the inaMinum anmn' ' ,y makt> 
 authorized hy law may not make additional dejXJ'^iL . 
 
 until tho date of exchange (Jan. 1 or July 1), but may 
 do so tiien even though the bonds have not been deliv- 
 ered. 
 
 10. If the entire balance on de|>osit to Uie credit of a wiH<n Krount 
 depositor on tho ihito of excluinge has been converted rkr«..i 
 
 .into lK)niIs his ac<"ount ^■hnW he rIi»so<i and anv sul)S( 
 
 :ci 
 
 I* to >H' lrr«t<Kl M 
 
§1284, §1285 POSTAL laws ANI> BEeULATIONS. 
 
 quent deposits entered mider a new account number, 
 unless interest due remains unpaid on the date of ex- 
 change or additional deposits are received from the 
 depositor before the account is reported as closed, in 
 either of which events the depositor's account shall be 
 kept open and the old account number retained. 
 Bonds not 11. Postal saviugs dcposits which havc bccu exchanged 
 
 counted in maxi- p ■, -i , , -i j.j?ii • ^ 
 
 mum of si.ooo. lor Douds are not counted as a part oi the maximum of 
 $1,000 allowed one depositor, and there is no hmitation 
 on the amount of postal savings bonds which may be 
 acquired by a depositor, when such bonds are available 
 for issue as provided by paragraph one of this section. 
 Bonds issued 12. Postal savings bonds can be procured only by the 
 
 tor deposits. ™^^ Surrender of postal savings deposits and will not be issued 
 to persons who are not depositors, but after deUvery they 
 may be sold or assigned by the owner to any person de- 
 sired. 
 Purchase of 13. The Board of Trustees will purchase postal savings 
 
 of Trustees. bonds at their par value on the apphcation of any 
 holder. Bonds offered for sale must be assigned to the 
 Board of Trustees and when such an assignment is 
 acknowledged before a postmaster, an impression of the 
 postal savings depository stamp shall be made on the 
 bond in the space provided in the "Transfer" clause for 
 a seal. Acknowledgments must not be witnessed by an 
 assistant in the name of the postmaster. If necessary, 
 the assistant postmaster may witness in his own official 
 capacity. 
 Interest checks 14. Checks and couDons coverine' interest on postal 
 
 and coupons ^ ° r>i 
 
 cashed by post- savuigs bouds may be cashed by postmasters from postal 
 or money order funds in the same manner as other Gov- 
 ernment paper. They may also be cashed out of postal 
 savings funds as provided by section 1288, paragraph 6. 
 
 XVII. Forms and Supplies. 
 
 (a) Requisitions. 
 
 How to ad- Sec. 1285. AH requisitions for postal savings certifi- 
 tions. Gates and other supplies shall be made on Forms 1580, 
 
 1580 A, 1580B or 4620 and addressed to the Fourth 
 Assistant Postmaster General, Division of Equipment 
 and Supphes, except that postal savings cards and 
 stamps shall be obtained from the Third Assistant 
 Postmaster General, Division of Stamps, using the blank 
 
TITLE rx — PORTAL SAFFNOS SYSTTM. §1285 
 
 8pnct»-< (Mr rcfjnisition Form M20I, which }Hhould be plainly 
 nnurk(Ml 'Postal Snvings." 
 
 NoTK. — ForiUM PS '^\0 iuxi :U1 iin> to l>«' no Iuml'it ii-<m1 in nnlvriiiir 
 poHtal saving HupplicH. 
 
 1?. Postmasters shall kooj) on hand a MiiUcitnt (juantily 
 of postal snvin<;s cards, postal savings stnnijis, nrwi postal 
 savinj^ certificates to meet the public domniul, and of 
 su<-h other snj)plies as may be necessary to «'nabl<» (hem 
 to transact all postal savin<^ business pnmiptlv. 
 
 3. Postmaster wiU bo held accountable for all postal -"*^""*'""''^- 
 savinp* cc^ificates, cards, and stamps sent them for 
 issue. Postal savings cards, stamps, and ccrtilicates 
 shall not be loaned or sold by one postmaster to another. 
 They shall in all eases be obtained by requisition as pn>- 
 vi(h'fl in paragraph 1 of this section. 
 
 I. No postmaster will be funiished with postal savings 
 cards and stamps or jiostal savings supplies of any kind ■ 
 until his ofTice shall have been designated as a postal 
 savings depository, but the postmaster at a depository 
 office may place postal savings cards and stamps on 
 sale at all stations oi his ofTice. 
 
 5. Packages of ])ostal savings cards, postal savings — opening ami 
 
 o I r> ' I 11 fotintlng. 
 
 stamps, and postal savings certificates shall, on receipt, 
 be opened and countcni jointly by the postmaster or his 
 atithorized representative and a witness. If the quantity 
 does not agree with the accompanying invoice, the post- 
 master shall immediately make a report of the dis- 
 f rcpancj, with invoice attached, addressed to the 
 division from which the supplies were issued, and hold 
 the shipnu'Ut for instructions. The rep(»rt shall contain 
 t he date of invoice, the number of the registered package, 
 and the fuU address of the shipment, and shiJl state the 
 c«)ndi(ion in which it arriv«'d. In case of shortage, the 
 corTeetn«'S8 of iho rejwrt shall be certilied by the post- 
 master on his ofhcial oath and att<^ted by the witness. 
 
 6. I'pon rectMDt of postal savings <ertincates, cartls, — ,«M»rte« in we. 
 and stamps, the postmaster shall immediat<My charge 
 
 himself with the value thereof, n-^^ardless of their eon- 
 ilitiou, on the lines j)rovi<hfi in the postal savings cer- 
 tificate form 8cn)unt and the savings can! an<l stamp 
 account of his Daily Summary. Fonn PS 708. and make 
 similar entries in his next monthly Account Current, 
 which sh«)uld be acet)mpanied by his reeeiptefl invoice for 
 the suppbes. 
 
 87 
 
§1285 POSTAL LAWS AND REGULATIONS. 
 
 to^e*state(f7°^^ 7. Ill each commuiiiciitioii relating to postal savings 
 supplies received the postmaster shall refer to the date 
 of the invoice. 
 
 (b) Supplies lost or damaged. 
 
 Damaged stock. 
 
 , If postal savings certificates, cards, or stamps are 
 received in a damaged condition or become damaged by- 
 fire or otherwise while in the possession of the postmas- 
 ter, they shall be sent to the Third Assistant Postmaster 
 General, Division of Stamps, for redemption. An item- 
 ized statement of the quantity returned, giving the serial 
 numbers in the case of certificates, and con taming a 
 full explanation of the cause of the damage, shall be pre- 
 pared in duplicate. The original shall accompany the 
 retmiied supplies, which shall be coma ted, prepared for 
 mailmg, and dispatched m the presence of a witness. 
 The duphcate shall be retauied by the postmaster as a 
 " voucher but credit must not be taken imtil formal 
 authorization is received from the Third Assistant 
 Postmaster General. If in the case of cards and stamps 
 the amount can not be ascertamed from an examination 
 of them, they should nevertheless be forwarded, and the 
 postmaster will be informed of their redemption value, if 
 it can be determuied. 
 Report of losses, g^ Losses of postal saviugs cards and stamps shall be 
 reported immediately to the Solicitor for the Post Office 
 Department, to the post-office inspector m charge of the 
 division in which the post office is located, and to the 
 Third Assistant Postmaster General, Division of Postal 
 Savmgs. 
 of^^^'^certfficates ^^- Wheii blank postal savuigs Certificates are stoleu or 
 ■str!f°d to^be re-^^®*^°y^^ ^^^^ postmastcr shall report the serial numbers 
 ported. at once to the post-office inspector in charge of the division 
 
 in which the post office is located, and to the Third Assist- 
 ant Postmaster General, Division of Postal Savings, who 
 will furnish the postmaster with a form for use in certifying 
 to the loss, and on retmii of such certification the post- 
 master will be authorized to claim credit for the loss in 
 his accoimts if such action is fomid to be proper. 
 rc^iac^^iosT^ o? ^^' P-Gquisitioiis to replace postal savmgs certificates, 
 damaged stock, cai'ds, or stamps which have been stolen, destroyed, or 
 rendered miserviceable from any cause shall be made in 
 the usual manner, except that the requisition shall bo 
 plainly marked "To replace stock lost or damaged." 
 
 38 
 
TITLE IX POBTAI. SAVIN«;S SYSTEM. §1285, jJl'iSG 
 
 12. Postal savings rrrtilioU^^, rarfls, stumps, niul '"'"'•*»*««>• 
 rt'< onl hooks .shull ho jjivoii the sanu? protcM-tioii ms is 
 rtMjuiretl h^' socti«»n 301 for iHistajjo stumps, sUimpcd 
 pupiT, and postal rrcords. 
 
 X\'1I1. I'tlSTMASTKKS' KeCORDS AND Re1*<>RTS. 
 
 («) (fjice Ri cords. 
 
 Sec. 1286. The postmastor at a depository office nuiiy sum- 
 shall keep a Daily Sunwnary, Form PS 70S, in which hpT^?' **"" 
 shall enter daily all postal savings funds rorcivcd and 
 disbursed, all postal savings certificates, cards and 
 stamps received, issued, and otherwise disposed of, and 
 f)ther information concerning the postal savings transac- 
 tions at ills office recpiireil by tlu^e regtdations. 
 
 (a) Ccrtifnates as issued shall be entered individuallv i; ri or «t- 
 
 ,, , . 1 T-< Tl < /^ . V 111" tllMU'.S issued. 
 
 on tiio depositors cards, Porm r>) oOO, as j)r«»vidi'(i by 
 section 1272, paragiaph 4. The inclusive serial numbers 
 of certifirates issued shall be entered daily on the Abstract 
 of Issues, Form T*S 705. as rcrpiirrd bv soffinn 1272, 
 parjigra])h 6. 
 
 (A) Certifir:it('s p.-iid shall be entered mi tue dcjio-^itors — or cortiiii-at<-3 
 cards. Form PS OOO, and on the Abstract of Payments, 
 Form I^ 706, as provided by section 1281, paragraphs 
 ^ and (n 
 
 (r) Interest pavments on a (H^rtilicnte, whether the-oftnt«re»tp«y- 
 
 1 • 1 • 1 1 I 111 ni"">t«- 
 
 principal is also wi(h<irawn or remauis on dep<isit, shall 
 be entere<l as provided by section 12S1. paragraphs 13 
 and 1-1, and the total payments I'arried daily to the Daily 
 Summary as therein provided. 
 
 id) Tiie value of certiHcat«'s i^sueil and paid .shall be-t'^proveJtouto 
 
 . . •' 'filly trmiiM^ 
 
 proved daily and the totals cMrri*^ I t«» the Daily Summary, i"' 
 Form PS 70S, as provided by sertion 1272, paragraph 6. 
 "•id sci'tion 1281, paragraph 9. 
 
 2. The Dailv Summarv shall be cbwetl dailv. all items, '" 
 
 «»f receipt and <lisbursement veriliwi, and all balaiuM's"''*' !««*•«•'• 
 prove<l. No entry ne^HJ be made on days when no postal 
 savings business is transact(><l, but at the top of the page 
 on whi<h subsequent businois is rt'^'orjle*! the dat<»s on 
 which no business was transaoie<l sliaJl be iiottMl. 
 
 •t. The jHJstmaster shall report promptly to the Third, /•'« 
 
 A.ssistant Postmaster Cieneral. Division of Postal Savings, 
 any l*)'>s of po^tiU sc vin '^ records by lire or bui^lary or in 
 any other manner. 
 
§1286 POSTAL LAWS AND REGULATION'S. 
 
 (h) Monthly Account Current and abstracts. 
 Account Cur- 4. At the closG of busuiGss Oil the last day of each 
 
 rent, Form PS in 
 
 704. month the postmaster shall prepare an Accomit Current 
 
 on Form PS 704 by combmmg items shown in his Daily 
 Summary, Form PS 708, and summarizing, in the spaces 
 provided, the number and amomit of certificates issued 
 and paid for each denommation, with a similar classifica- 
 tion of interest payments. The data for these summaries 
 shall be obtained from the Abstract of Issues and the Ab- 
 stract of Payments and the interest receipts (Forms PS 
 705, PS 706, and PS 608), which shall be attached to the 
 report. The number of certificate forms of each denomi- 
 nation on hand at the close of the month, and then- value, 
 as shown by the Daily Summary, as well as the value of 
 savings cards and stamps, must be verified by an actual 
 count of the stock before the report is rendered. The bal- 
 ance in the summary of depositors' accounts must be 
 verified by adding the balances to the credit of the indi- 
 vidual depositors as shown by the depositors' cards. Form 
 PS 600. After preparation, the Account Current shall be 
 carefully checked and promptly forwarded with all paid 
 certificates, interest receipts, and other su^jporting vouch- 
 ers to the Third Assistant Postmaster General, Division 
 of Postal Savings, in the special envelope provided for 
 that purpose. The Third Assistant Postmaster General 
 may modify the requirements concerning postal savings 
 records and reports with respect to the larger post offices, 
 ^copie^^of re- 5. Postmasters shall keep copies of all reports and ac- 
 
 stracts. companying abstracts. 
 
 ne^iftramacted! ^- ^^ ^^'^ business is transacted during any month, an 
 Account Current, Form PS 704, showing the cash, stock, 
 and depositors' balances, shall be forwarded, and the 
 words "No business transacted" written across the face 
 of the cash accomit. 
 Signing of Ac- 7^ xliG Accomit Current shall be signed in ink by the 
 
 count Current. ° , -^ 
 
 postmaster, or in his absence by the assistant post- 
 master or other representative designated in accordance 
 with sections 265, 267, and 268. 
 
 (c) Statistical reports. 
 Monthly report g. Promptly after the close of business on the last day 
 
 on card Form i J , '' 
 
 PS 541, of each month the postmaster shall mail a card, Form 
 
 PS 541, containing statistical uiformation concerning the 
 
 40 
 
TITLF. IX — I'OSr.M. SAVINCS 8VSTF.M. §1286 
 
 postal sjiviii*^ Iraiisactions of liis ollirc. This report ^luill 
 not l>t' iucloscti vitli tlu' Account ("in rent. 
 
 !•. 'l'lu> nunil)fi' of accoimts opcnctl dminj^ the niontli Hhw to iiotcr- 
 
 1111 ii II ii i r ^i I -mine imnilH<r of 
 
 shall 1)0 (U'tcriniiuMi hy sul)ira(tin<j; Ironi the nnniorr oi aixoiuiis opcncu. 
 the last account o[)onotl in tliat niontli the nnniluT of tho 
 last account opened in the j)rc(iMling month. 
 
 10. The niunher of rtc<H)unts closed during the month — numiHr of no- 
 shall he tletcrmnied i>y ciumtmg the <u>j)ositoi"s cards, 
 
 Form PS GOO, transferred to the closed fih'. A memo- 
 nvndimi should he ke|>t of the account^ dosed earli (hiy. 
 (See sec. iL'Sl. j)!ir. 12.^ 
 
 11. Tht> numher of deposits and withdrawals shall be - niimiH-r of Oo- 
 olitamed from the depositoi-s cards, l^orm J b COO, and auruwuis. 
 daily memorandum kept of these transactions. Tlio 
 
 i\umher of deposits or withdrawals should not be con- 
 fused with the number of certificates issued or jiaid. llio 
 nund)er of deposits in one da}- is the same as the number 
 of persons depositing, miless the same perst)n comes more 
 than once to make deposits. Payments of interest shall 
 not be reported as withdrawals. 
 
 12. Tlie entries under the bending "From Julv 1 to- numbor of 
 
 ,,,,,,,, , , ^ . , , ■ ^ Ininsactioiis for 
 
 dat^ shall show only the transactions for. the cinTentcrrent Oscai 
 fis<al year, which may be ttbtained for each month after' 
 .hdy by adding the number during the month to the 
 number shown imder that beadhig in tho report for the 
 ])receding month. For this purp<»se a duplicate of each 
 monthly statistical report shall he retained by the 
 j)ostmaster. 
 
 ]'.i. The total number of a<-counts rt-maining open at— n"'"'*'^ of «■• 
 
 1 1 r \ 1 1 11 1 111 1 • r«Mint,s miittliun,; 
 
 the close of tlu* month sinul he ohtamed hy suhtracting"i>*". 
 from the number of the last account opened the total 
 number of closed accounts. When the number of ac- 
 C4)unts is not unduly large this may be v«Tihed by <ount- 
 ing tlie depositors' cards, Form l'"^ '•"o wli.li ^]\o\v a 
 balance on deposit. 
 
 14. Tlie value of certilicati*s issued and ituul shall be-^"™'"'«'"'"'rtW- 
 taken from the Daily Summary, and the tlifTcrenco he-i""*' 
 tween the«e item-s gives the "Increase or decren.so in 
 balance." T\\o balance to the <redit of dej>ositors at tlio 
 close of any nn)nth is the total of the balances shown on 
 the depositors' cards, ^^)^m PS GOO. Tho balanc<38 at the 
 beginning and close of the month and the value <»f cer- 
 tificates issuetl and paid tluring the month should agrt'c 
 with the items in the " Summary of dciH)sitors' acc^^uiits" 
 
 41 
 
§1286, §1287 POSTAL laws and regulations. 
 
 as reported on the monthly Account Cmrent, Form PS 
 704. Receipts from the sale of cards and stamps and 
 fmids received from other postmasters must not be in- 
 cluded in the balances reported on Form PS 541. 
 MTien there are 15. If there have been no transactions durmg any 
 month, a copy of Form PS 541 shall be forwarded show- 
 ing the business during the current fiscal year mider the 
 heading "From July 1 to date," and the balance to the 
 credit of depositors. The words "No business trans- 
 acted" shall be written in the column headed "This 
 month." 
 
 {d) Cffmnge of postmasters. 
 
 Receipt for cash 16. When a change of postmasters occurs, the retiring 
 ferred to now postmaster shall deliver all postal savings cards and 
 stamps, unissued postal savings certificates, and cash on 
 hand to his successor, who shall make a careful inventory 
 thereof and issue a receipt in duplicate for the stock and 
 cash actually received by him. The incommg postmas- 
 ter shall also check the amounts receipted for with the 
 balances shown in the Daily Summary, Form PS 708, and 
 the retiring postmaster's final Account Current, Foi-m 
 PS 704, and if a discrepancy is found which can not be 
 reconciled the matter should at once be reported to the 
 Third Assistant Postmaster General, Division of Postal 
 Savings. 
 —forwarded with 17. The retiring postmaster shall forward the original 
 tiring postmaster, receipt with his final report to the Third Assistant Post- 
 master General, Division of Postal Savings. He shall 
 Delivery of rec- deliver to his succcssor all postal savings records, blank 
 
 ords and supplies. « ,,. , ^ • , , • i-ii i 
 
 . forms, datmg stamps, and mstructions which have been 
 received from the Department. 
 Separate reports 18. When a change occurs durmg the month, each 
 
 for part months. i m i • ^ 
 
 postmaster shall render a separate report covermg that 
 part of the month for which he has served. ' 
 
 XIX. Stations and Branch Offices. 
 
 (a) Stations. 
 
 Records kept Sec. 1287. In the absence of special instructions, a 
 
 dered'^^by^ sta- Station designated as a postal savings depository shall 
 
 tions. keep the usual records of postal savings transactions and 
 
 render to the postmaster at the close of each month a 
 
 complete report on the regular account current and 
 
 abstract forms. The station superintendent shall make 
 
 42 
 
TITLE IX — POSTAL SAVINGS SYSTEM. §1287 
 
 }i (liiily roport to tho postmaster o\\ Form PS 021, which 
 shouUl 1)0 accompaniod l>y tlio not postal savinj^ receipts 
 of the (lay and tho vouchors C()Voriii}» tho day's trans- 
 ucti(»ns, and must ho dispatciuMl in time to jicrmit tlio 
 funds remitted to l)0 inclu(U'd in tho postmaster's hank 
 deposit on tho f»)ilowin«x day. In tho ahsenco of special 
 instructions to tho contrary, the Daily Summary kept at 
 tho main olh<o shall ho a record of tho husiness tran.s- 
 acted there and shall not include transactions at stations. 
 The total cash received from stations sliould ho entered 
 as an inserted dehit item, and funds sent to stations 
 similarly credited. 
 
 2. At tho close of each month tho postmaster shall Postmaster's 
 
 , - , 1- 1 I » /-\ Account furrcnt 
 
 prepare and forward a consolidated Account Current i" inriu<io tmn.*. 
 
 tiction.s at stiv 
 
 (Form PS 704) covering the husiness of the main ofTicotiona." 
 and all stations, with the ahstracts and vouchers suh- 
 mitted hy each station, and a recapitulation on Form 
 PS 717 of tho ahstracts of issues and payments. 
 
 .'i. The superintendent of a station may ho authorized .Ji^nor/oy'^h.'i 
 hy tiio postmaster to use postal or money orilor funds in '"'"^ "i =''*"»o«>- 
 paying postal savings certificates and to suhmit to the 
 main oflice as a part of tho daily remittanco of postal or 
 money order funds a memorandum slij) dei)iting postiJ 
 savings funds to the amount of other funds used. On 
 rt^'oipt of this nuMuorandum at tiio main ollice tho nt>c- 
 essary adjustment siiall ho made hotwecMi tho fun<ls 
 involvoii. Remittances from a station to tho nuiin nomittance-sby 
 
 ... 1 r 1 chocks uml Unut.s. 
 
 ofhco may, with tho approval of tho postmaster, ho 
 made in tho form of chocks or drafts, as pn>\i<liMl hy ^f^-- 
 tion 1279, paragrajdi 7. 
 
 4. Tho postmaster shall arrange to transmit to tin* •'"'»»' »^'''»«* 
 
 ' " (-1 h furnished to 
 
 station such postal savings cash as may ho needed t«) >t-»ii«iw. 
 moot withdrawals in excess of its availal)l«» funds. As a 
 conv(>nient metho«l of furnishing stations with p(»slal 
 savings fumls. the postmaster may authorize ea<-h station 
 suporintondent to draw drafts on tho main oHico (Forni . ''•odrtfuon 
 PS infii. within such limit as tho postmaster may fix, 
 which tho su[)erintendent may cash out of postal or 
 money onler ftinds, or through noarhy lianks or husinoaa 
 iioust»s. if accc[)ted without charge for tvvchange. Tho 
 words "drawing postmaster." on Form PS .'HO, shouhl ho 
 stricken out and the words "superintendent, station 
 
 ." inserted. Tho station su[>erintendent drawing 
 
 such drafts should for^vard with his daily rcp(>rt on 
 
 4.T 
 
§1287 POSTAL LAWS AND REGULATIONS. 
 
 Form PS 621 a statement showing the number and 
 amount of each draft drawn on that day. All drafts 
 thus drawn shall be entered in the records and reports 
 of both the station and main office, as provided by sec- 
 tion 1280, paragraphs 11 and 14. When the main office 
 is not a central depository office, the paid drafts with 
 accompanying abstracts need not be forwarded in' 
 advance of the montlily report. 
 uishc?cUcfstatiom". ^- Statious shall be furnished from the hiain office 
 with postal savings certificates, cards, stamps, and other 
 supplies, and a separate account shall be kept at the 
 main office showing the distribution of all certificates, 
 cards, and stamps to the main office and stations. Postal 
 savings certificates, cards, and stamps transferred to or 
 returned by a station, should be accounted for, both at 
 the main office and the station by appropriate entries in 
 the postal savings certificate form account and the 
 savings card and stamp account of the Daily Summary, 
 j-tatisticai re- g. The postmastcr shall make a statistical report on 
 card Form PS 541 showing the consolidated business of 
 the main office and stations. 
 
 (b) Branch offices. 
 
 and^reports ^tn- '^ ' -^ brauch post office, designated as a postal savings 
 offices ^^ ^^^^^ depository, shall keep the usual records of postal savings 
 transactions and at the close of each month the superin- 
 tendent shall prepare for the signature of the postmaster 
 a complete Account Current on Form PS 704, with 
 abstracts and vouchers covering the business of the 
 branch office for the month. The postmaster shall sign 
 and forward the report for the branch office with the 
 monthly Account Current for the main office. The 
 transactions at the branch office should not be included 
 in the records and reports for the mam office. 
 cafb^s^ ™ ^°" ^' Local banks in a town served by a branch post 
 office transacting postal savmgs business are entitled to 
 qualify for the deposits if they desire to do so. (See 
 sec. 1277, par. 2.) If one or more local banks qualify 
 the postmaster wiU be authorized to instruct the superm- 
 tendent to deposit the postal savings receipts in such 
 banks and to obtain funds to meet withdrawals by check- 
 ing on the bank designated for that purpose, aU such 
 transactions of the superintendent to be in the name of 
 
 44 
 
TITLE IX I'OST.M S.WINCS SVSTKM. §1287 
 
 the postmaster, in inakiii;; sudi hank (li'|)()sits and with- 
 draw aJs the suj)frinti'iult»nt sliaJl l)t» guided l»y tin* pio- 
 ctMliirc sot fortli in sections 1277, rJ7S, and paraj^raphs .'>, 
 (), and 7 of section 12S(). Sinplus funds shall he remitted 
 to the main ollice, as |)n»vided hy section lL'7'.t. para- 
 «;iaj)li S. 
 
 l>. Iji the absence of special instnictions tlie suix'rin-, ";'">i''^'"> "' 
 
 ' _ > fiiiKl.i to main 
 
 tcndiMit ut the branch oHi<-e slniU remit Ids surj)his ""'**• 
 postal savin}^ receipts liaiJy to the main ollice iji time to 
 he inchid(>d with the postmaster's hank deposit on the 
 following day, which shall be entered in the Daily wSum- 
 mary of the nniin (tfiice as "Recei\('d from hianch 
 ollices." The j)ostmaster shall issne a receipt on I''orm 
 PS .'il3 for each remittance received from a branch 
 ollice, aiul shall enter the date and amount of each such 
 remittance in Abstract I) on the back of the monthly 
 Account Current submitted for the main ollico ujidcr a 
 special heading? readijig " Fujuls received from branches." 
 The remittances shall be entered in Al)stract C on tho 
 hack of tho Account Current rcjulered for tho branch 
 ollice. Special entries iji Abstract D will not bo required 
 at central depository oflices where Form PS 510 is used. 
 
 10. The superintendent at a branch ollice mav be au- ^ «> »' p<w«ai 
 thorizeu to uso postal or money order funds m pa vuig '•'"•'•* "i brandi 
 
 * . , ' . OllllVS. 
 
 postal savinf^ certificates and to make remittances to 
 the main ollico in the manner provided by paragraph 3 
 of this section. Tho postmaster shall arnuijjo to tran.s- 
 mit to the bran<h ofTice cash needed to meet withdrawals 
 in excess of the availai)le funds. -Vll remittances thus 
 sent shall be ent«'rcd in Abstract C on tho back of tho 
 monthly Ac<-otmt Current submitted by the main oirn-e. 
 Funds received at a brandi from (he imiin ollice shall bo 
 shown in Abstract D on the back of the monthly A<count 
 Current of the branch o(lic(> under the special heatlint; 
 ■ I'uiuls receive*! from main ollice" 
 
 11. *\s a convenient method of providin;; a branch I'wcrf.irafnon 
 
 . , , , -111 I yarm I'S 3»« to 
 
 olhce with funds to meet wit lnlrawals, (he postmastjTprovi.ic branch 
 
 ... , * I I 111 oiUcTji » |U» (unil*. 
 
 may authorize the superintendent of the branch to <lraw 
 drafts on tho main oflico (Form PS .'i 16), us pn»vided by 
 I)ara;;ra[)h 4 of this section, such <lrafts to lie entered in 
 the re<-ords ami reports of both the bram-h and main 
 ollice, as therein provide<i. 
 
 12. A branch office shall be furni-^hed with ]u,^i ] '"l^brJiih 
 
 savijigs certiticates, cards, stanii)s, and other suj»j)li> 
 
 4.". 
 
§1287 POSTAL LAWS AND REGULATIONS. 
 
 from tlie main office, and such transfers shall be entered, 
 as provided by paragraph 4 of this section, 
 statistical re- 13. A Separate statistical report on card Form PS 541 
 shall be forwarded for the main office (including stations) 
 and each branch, and another report showing the con- 
 sohdated business of the main office and branches. 
 
 (c) Transfer of accounts. 
 
 count °^may^ b^ 14. The accouut of a postal savings depositor may be 
 
 twe^n*^"^ stationl^ ^^^^s^^^red between stations of the same post office or 
 
 branch office." ^between a station and the main office. No transfer of 
 
 accounts shall be made from or to a branch office or 
 
 between different post offices. A depositor desiring to 
 
 transfer his account shall be furnished with a copy of 
 
 AppiicationForm PS 612, on which to make apphcation for the 
 
 Form PS 612. ^ • ^ i • i f fr> 
 
 transfer, which must be submitted at the office where the 
 
 account was opened, accompanied by all of the depositor's 
 
 Entries on cer- outstanding postal savings certificates. The postmaster 
 
 bluCflLBS SXICI QG~ ^ ^ 1 • 
 
 positor's card, or his representative shall write on each certfficate in red 
 
 ink "Transferred to ," date the notation and 
 
 return the certificates to the depositor. Similar entries 
 shall be made on the depositor's card. Form PS 600, 
 which should be withdrawn from the files and a dummy 
 card. Form PS 600, substituted, bearing the name and 
 account number of the depositor and the date of issue 
 and serial number of each certificate transferred. The 
 words "Transferred to ," with the date of trans- 
 fer, should also be placed on the dummy card. 
 Entry in Daily J 5 'pj^g amouut of Certificates transferred shall be 
 
 bummar y at 
 
 transferring office ej^tered in the summary of depositors' accounts in the 
 Daily Summary at the transferring office by the insert 
 entry "Transferred" to show that the amount mvolved 
 is to be deducted from the total to be accounted for in 
 addition to the certificates paid. 
 
 w^§fd.'^"°''^°'" 16. The apphcation, Form PS 612, together with the 
 original depositor's card (Form PS 600), shall then be 
 forwarded at once by registered mail to the station to 
 which the account is to be transferred. In the case of 
 accounts opened prior to July 1, 1917, the same pro- 
 cedure shall be followed, except that the depositor's 
 envelope Form PS 300 with all dupHcates of outstanding 
 certificates shall be transferred. After the return of 
 Form PS 612 properly signed it should be forwarded to 
 
 46 
 
TITLE IX POSTAL SAVINOS SYSTEM. §1287,1^1288 
 
 the main ofTico niul tninsmittod with the next monthly 
 Account Current to tho Dopartmcnt. 
 
 17. When un account is received hv tninsfcr, the •*r«>«^iure m 
 suporintonilent of tho receiving; .station .shall mako cortain 
 that tho serial mimhors of all outstarulin}; ccrtificat*^ as 
 siiown hv the application, Form PS 012, corn^spoiuL. ""«'.<" 'P^ o" 
 With tho outrun on tho depositor's card and that all ciT- 
 tilicates outstandinjj have been accounted for. If found 
 correct, the receipt on Form PS {\\'2 shall he sij^ned aiul 
 tho form returned at onco to the oflico from which tho 
 account was transferred. Tho next unused account 
 numher shall then ho entered with roil ink on tho trans- 
 ferreil depositor's card, and tho depositor notifioil at 
 onco hy mail to enter tho new numher on his envelope 
 (Fonn PS 301) and to present his certificates as soon as 
 jjossihlo so that it may also ])0 entered on them. The 
 entry on tho orii^imil certificates shall ho mado by the 
 representative of tho postma.stor. Until this is done, tho 
 transferred depositor's card shidl he filed accordini; to 
 tlie old numher. 
 
 IS. Tho aniimnt of certificates received hv transfer Entry innaiiv 
 
 I 11 I 1 1 • ii f 1 i "• i Summary ftt r»- 
 
 shall he entereil m tlie summary of depositors accounts c«ivin«oinc«. 
 in the Daily Summary at the oflice riM-eiving the account 
 hy an insert entry, '' Received by transfer," to show that 
 the amount involved is to be added to the totjd to be 
 aciounletl for in athlition to the certificates issued. 
 
 XX. MlS< F-.LLANKorS PlU )V ISION.'*. 
 
 Sec. 1288. Tho final judj^nicnt, order, or i1i«<t»h> of any court of A d J ucllr«ii"n 
 inprU-nl juri.H«liriion a(lju<iicatin^ any ri^hl «>r int4'rf«t in tlie cn-dii rin.iTr i-< to 
 of ai'v flum (l«'po<«it»il hy any p«T><on with a p<»<tal savinjpi d"'p<«itory j' j''*' 
 
 if th<' "ame .•«hall not hav«> In-i-n appt-ah-d from and th«' linn* for ap{x>tU ■ K 
 
 haj« expir*"*! Hhall, up^in fluhmiwion to thi" l'of<tn»a.'»t«T (M-m-ral of a ' 
 
 copy of th<» .Hani«>, duly authi>ntirat<-<l in th<' mann<-r provi«l«»<| hy tho 
 law!t of th(> I'nitf^i Stat(<« for tho authentication of tho roc«>rdfl and judi- 
 cial procoodiiiKS of tho courts of any Siato or Torritory or of any p^jitMt*- 
 siou nuhj(x;t to tho juhiwliction of tlic I'nitfHl States, whon tlie fiamo 
 aro provo<l or a«lmitt4><l within any court within the I'nito*! Stat(« bo 
 a«ropto<l and pursuo*! hy tho Hoard of Tru.Ht«^<) a.-* conrhwivo of tho 
 tith', rii;ht, int'-rodt, or p<> ■ a<ljudirat(Hi, an«i any fiaymi'nt 
 
 of !»nid flum in art-ordan*'*- <'rd«'r, judt^nnont, or dorroo shall 
 
 :■ ' - ' a.<4 a full nn<l ' i tin* t'nito<i Stat«« fium tho 
 
 I i.tr.i '<r domand of ai i lo tho name. 
 
 .N<>TF. -This ntatuto i« hold to provido for rocognir-ini? the ludiria! 
 dotormination of raws involving the diaputod ownorvliip of p<«tal 
 savings deposits, butaince moDe>'8 accepted by tho Ctovemment under 
 
§1288 POSTAL LAWS AND REGULATIONS. 
 
 tlie postal savings act assume tlie nature of public funds they are not 
 subject to ordinary proceedings of attachment, garnishment or exe- 
 cution (Buchanan v. Alexander, 4 Howard U. S., 19; 14 Am. & Eng. 
 Ency. Law, 814; Slunn, Attachment and Garnishment, sec. 505). In 
 order to be recognized as affecting the title to postal savings deposits 
 the judgment, order or decree of the court must establish specifically 
 the ownership of the postal savings deposits in controversy. 
 
 Legal proceed- 2. Postmasters shall promptly report to the Third 
 profits to 'be re- Assistant Postmaster General, Division of Postal Savings, 
 ^°' ^ ■ any claim made or legal proceedings instituted for the 
 
 purpose of affecting the payment of postal savings 
 deposits, forwarding at the same time any legal papers 
 served upon them in connection therewith. Payment of 
 withdrawals involving disputed accounts shall be with- 
 held pending instructions from the Department. 
 
 Privacy of ac- 3. No person connected with the Post Office Department shall dis- 
 '^Toio'** June 25 ^^^^^ *o ^^y person other than the depositor the amount of any deposits, 
 cli. 386, see. 12, 36 unless directed so to do by the Postmaster General. 
 
 Stat., 818. 
 
 No information 4. Postmastcrs and postal employees shall not disclose 
 
 concemiug ac- , i « j. i ■ i "^ • j. 
 
 countsto be given the name 01 any postal savings depositor, nor give any 
 
 except to depos- . j- ,• • i- i j_ j_ 
 
 itororrepresenta-iniormation concemmg a particular account, to any 
 
 tive of bis estate. , i , i , i j • i. i • li* i • n 
 
 person other than the depositor himseli, unless specially 
 authorized to do so by the Third Assistant Postmaster 
 General, except when a depositor is deceased or has been 
 adjudged mentally incompetent, in which case informa- 
 tion relative to the amount on deposit may be furnished 
 to the duly appointed legal representative or the next of 
 kin, provided that nothing in this regulation shall pro- 
 hibit the giving of such information to post-office inspec- 
 tors. 
 
 Funds to be 5. Postal savings depositorj^ funds shall be kept separate from other 
 mo^*^une^'25 fi^mds by postmasters and other officers and employees of the postal 
 ch. 386, sec. 12, 36 ser\ice, who shall be held to the same accountability vmder their 
 "' ^ ' bonds for such funds as for public moneys. 
 
 Postal savings 6. Postmasters may cash out of postal savings funds 
 cash certain ne-chccks covcriug interest on postal savings bonds and other 
 e paper, ^j^g^j^ ^^ negotiable paper of the Postal Savings System 
 provided they are received from responsible persons 
 whose indorsement on such paper the postmaster is 
 wiUing to guarantee. He may also cash out of such 
 funds coupons covering interest on postal savings bonds. 
 Such checks and coupons must he included in his next 
 deposit or remittance of postal savings funds in lieu of a 
 nice amount of cash and so treated in his records and reports. 
 
 48 
 
TITI.K IX — POSTAL SAVINGS 8YS'n-:M. §1288 
 
 7. All Mtatuttw rolaliii^' to llio sttfi'-ki'»'piiij;nf uiui pruiwr urcnuiitiui' Arrouat Idk 
 for jHwiul rtit'ipta uro miuli' u(>pli(-ul>l(> to |M«4tal Haviiipt fun<I.H, iiixl llu»* *"*' 
 Pt)c<tiiia.'<t«T (Ji-ru'ral iiittv roquirt' fxintina><t«>r«, iuwinlaiit ix»«lma.sl<T», 
 and ilerkH at p«ie<lal MivingH dt-pucuturiit) tu givo aiiy utlditiunal Ixnitl 
 he may deoin iii'<»'ewary. (See seen. 3(iO and 3G1.) 
 
 S. riil)on(l('il ilcrlcs shall m)t bo nssijrnod to (lu* I'ontai savina 
 
 ... . clerks lo li« boiid- 
 
 trunsnctum of postal saviiip* busiiu'ss at tli'p()sitorv«»J- 
 oflict's. unless such assi<;iiment is spo<'ially aiithorizi'il hy 
 the Fii-st Assistant Postniastor Genenil. 
 9. The faith of the Unitod Statos i.« Hoh>ninlv pU^ij^'od to the puvnunt rinicr fur tt- 
 
 , , , • 1 • 1 ■ 1 ■' „• -.1 ' 1 p») inrnl of »!»• 
 
 of the «IepotiitiJ made in jxistal .Muvinys lii'iMieiiiory olhces, with aciru* d p„sii.. 
 interest thereou as heri-iii provided. p,i' 
 
 30.--- 
 A. S. BlRLESON, 
 
 Postvuu'ttcr (Jcmral. 
 
 49 
 
A P P E N I) I X . 
 
 AN ACT TO ESTAIUJSir POSTAL SAVINGS DKPOSITORIKS 
 KDR DEPUSlTlNlJ SA\ IXCiS AT INTKKEST WITH THE 
 SKt ITvlTV (,)!■' THE (K »\ KKN.MKNT R)R REPAYMENT 
 THEUEUE, AND EUR OTHER PL KPOSES.' 
 
 He it enacted hy Vie Senate and House of HepresenUitivea 
 of Vie United StaUs of America in Congress assembled, 
 Tliat thoro bo. aiul is h(»rol>v, croatod a board of lrustot<s noard o< trtw- 
 for tho control, supiM'vision, and ailniiiiistration of {\n^ 
 postal savings depository ollicos dasignatod and (>stub- 
 lisluul nndtT tho provisions of this act, and of th(* fuiuls 
 riH-oivtHl as dt^posits at such postal savings ilopository 
 oflictvs by virtuo thereof. Saiil board shall consist of tho renonnej. 
 Postmaster Clcneral, the Secretary of the Treasury, and 
 the Attorney Cleneral, severally, acting ex olliiio, and 
 shall have power to make all nocossary and proper regu- rowers, 
 lations for tlu» rec«Mpt. transmittal, custody, deposit, in- 
 vt»stmont, and repayment of tho fuiuls dc^positeci nt postal 
 savings depository ollicos. 
 
 The boaril of trustees shall submit a report i<» C ongros Kei»ort to <oo- 
 at the begimiing of each regular session showing by States 
 and Territorit^s (for tho procotling fiscal year) tho number 
 aiul nanies of j>ost oflices receiving tleposits, the aggrtv 
 gute amount of deposits made therein, the aggregate 
 amount of withdrawals therefn)m, tlu^ number of deposi- 
 tors in each, the total amount standing to tlie credit of 
 all depositors at tho conclusion of the year, the amount of 
 such deptwits at intorost, tho amount of interest received 
 thenMtn, tho amount of inten^t paid then»on. tho amount 
 of dt>posits surrendenxl ]ty dejM>sitors for b«)nds issui'd by 
 authority of this act, and tho nunitx^r and amoiuit of 
 unclaimed deposits. .Vlso the amount inv(**tod in Govern- 
 ment siMUrilies by tho trustivs, the amount of extra ex- 
 p<Mis<» of tho Post Oflico Department and tho jx^tal 8or^•ico 
 incident to tho opt^ration of tiie [xistal savings depository 
 avstem, [the amount of u^yrk done for Vie suntujs <// ix»W- •* T • f "^ •.* .'^ 
 tifnj fffjsitm by Vie PoH Ofice Department ami /)^».s/. "=• 
 
 serria in the transportation of free mail,] and all other- "^ 
 
 facts which it may de<^m pertinent and proper to present. 
 
 I AnModcd by acts of Aog. M. 1913 (m* p. »), StpL S, 1914 (■•• p. O), ud May U, 
 
 1916 (9M p. 61). 
 
 51 
 
POSTAL LAWS AND REGULATIONS. 
 
 Bracketed [Sec. 2. That the Postmastev General is hereby directed 
 
 section in italics _ . . "^ 
 
 amended by the to prepare and tssue specnai stamps of the necessary de- 
 
 act of September ^ . . - • t r t, r n n n 
 
 23,1014. See page 710 m^naf^07^s jor use, in lieu oj penalty or Jrankea envel- 
 opes, in the transmittal of free mail resulting from the 
 administration of this acti\ 
 
 Postal savings Sec. 3. That Said board of trustees is hereby author- 
 depository offices. . ,, i.i-j_ 1 .^ ai -i 
 ized and empowered to designate such post oifaces as it 
 
 may select to be postal savings depository offices, and 
 
 each and every post office so designated by order of said 
 
 board is hereby declared to be a postal savings depository 
 
 office within the meaning of tliis act and to be authorized 
 
 and required to receive deposits of funds from tiie public 
 
 and to account for and dispose of the same, according 
 
 to the provisions of this act and the regulations made in 
 
 Hours of busi- pursuance thereof. Each postal savings depository office 
 shall be kept open for the transaction of business during 
 such hours as the Postmaster General, with the approval 
 of the board of trustees, shall direct. 
 
 Opening of ac- Sec. 4. That accounts may be opened and deposits 
 coun.s. made in any postal savings depository established under 
 
 Age of deposi- this act by any person of the age of ten years or over, in 
 
 Married women, his or her owu uamc, and by a married woman in her 
 own name and free from any control or interference by 
 
 One person, one her husbaiid; but no person shall at the same time have 
 more than one postal savings account in his or her own 
 right. 
 
 Passbooks. Sec. 5. That the postmaster at a postal savings deposi- 
 
 tory office shall, upon the maldng of an appUcation to 
 open an accoimt imder tliis act and the submission of an 
 initial deposit, dehver to the depositor a pass book free 
 of cost, upon which shall be ^vritten the name and signa- 
 ture or mark of the depositor and such other memo- 
 randa as may be necessary for purposes of identification, 
 in which pass book entries of all deposits and withdrawals 
 
 Device in lieu shall be made in both figures and writing : Provided, That 
 
 o pass 00 s. ^^^ Postmaster General may, with the approval of the 
 
 board of trustees, adopt some other device or devices in 
 
 lieu of a pass book as a means of making and preserving 
 
 evidence of deposits and withdrawals. 
 
 Deposits: Sec. 6. That at least one dollar, or a larger amount in 
 
 dollar. multiples thereof, must be deposited before an account is 
 
 douar. '^ ^ " Opened with the person depositing the same, and one dol- 
 lar, or multiples thereof, may be deposited after such 
 
APPKNDIX. 
 
 account hns l)00ii oponctl, [but no one shall be perniitttil to Bracketed 
 deposit ntoit thtin one Imndrtd dollars in am/ onr cahndm 
 month]: Prov'idtd, Tliat in orilrr that sinallcr aiiKniiii 
 may bo accumulatiMl f. .r deposit any poi"son may purchnsi" 
 for ten cents from any depository o(lici> a jiostal savinj^s loftii >^«vinic» 
 card to wliicli mav he attached specially i)rcparc«l aidiie- i"<*.*int saving* 
 sive stamps, to bo known as postal savings stamps, and 
 when the stamps so attached amount to one tlollar, or a 
 larj^er sum in multiples thereof, including the ten-cent 
 postal savings card, the samo may be j)resented as a de- 
 posit for opening an account, and adilitions may he made 
 to any account hy means of such card and stamps in 
 amounts of one dollar, or multi|des thereof, and when a 
 card and stamps thereto attached are accepted as a de- 
 pt)sit the j)ostmaster shall immediately cancel the same. 
 It is hereby made the duty of the Postmaster General to saio of postal 
 
 , , , . , 1,1- savlnrt curds and 
 
 prepare sucli postal savings cards and postal savings suunpi. 
 stamps of denominations of ten cents, antl to keep them 
 on sale at every postal savings de|H)sitorv office, and to 
 prescribe all necessary rules and regulations for tlie issue, 
 sjde, and cancellation thereof. 
 
 Sec. 7. Tliat interest at the rate of two per centum int^ost on <!•• 
 per annum shall be allowed and enteretl to the credit of Kntorc«i once • 
 each depositor once m eacli year, tlic same to bo computed 
 on such basis and under such rules and regulations as the,JiU^'^*'*^**'**^ 
 boani of trustees may prescril>o; but interest shall not 
 be com|)uted or allowed on fractions of a dollar: \I*rt*- i«raek«i«d 
 voided, That the balance to the credit of any one pers(tn shu' 
 never be allowed to exceed jive hundred dollars, eielus-ire t>j . . ., .►•-£! 
 a ecu m ulatetl i nterest]. 
 
 Sec. 8. That any depositor may witiulraw the whole \MtMrt»«ai ot 
 or any part of the funtls deposited to his or her credit, i >» i ir»ra iw-ai 
 witli tiie accrued interest, upon demand and under such 
 regulations as the l)oard of trustet^ may prt'scribc. 
 Withdrawals shidl be paid from the depositw in the 
 State or Territory, so far as the postal fund.s (»n dep«»sit 
 in such State <)r Territory nuiy be sudicient f<»r the 
 purpose, and, so far as practicable, from the deposits 
 in the community in which the deposit wa** made. No nank»no«tor«>. 
 
 11- I • 1 " 1 * I I 11 1 1 cpire oxrhanrr Of 
 
 bank in winch j>ostal savings funds shall be (k'positedou»«r(«*-' 
 shall receive any exchange or other fees or compensation 
 on account of the cashing or collection of any checks or 
 the performance of any other service in connection with 
 
 the post.'d -.jivin"-, dfpo^ilorv system. 
 
POSTAL LAWS AND REGULATIONS. 
 
 ^ , [Sec. 9. That postal savings funds received under the 
 
 Bracketed sec- .. r t • tittt • t • n n i 
 
 tion in italics su- vrovistons of this act shaU be deposited m solvent banks, 
 
 perseded by sec--^ ^ . . ^ . 
 
 tion2 oi the act oiufhether oroamzed under JSational or State laws, being 
 
 May 18, 1916. See _ ^^ . , „ . . , ! . ^ 
 
 page 26. sub]ect to National or btate supervision and examination, 
 
 and the sums deposited shall hear interest at the rate of 
 not less than two and one-fourth per centum per annum, 
 which rates shall he uniform throughout the United States 
 and Territories thereof; hut five per centum of such funds 
 shall he withdrawn hy the hoard of trustees and Tcept with 
 the Treasurer of the United States, who shall he treasurer 
 of the hoard of trustees, in lawful money as a reserve. 
 The hoard of trustees shall take from such hanks such 
 security in public bonds or other securities, supported hy 
 the taxing power, as the hoard may prescribe, approve, 
 and deem sufficient and necessary to insure the safety 
 and prompt payment of such deposits on denmnd. The 
 funds received at the postal savings depository offices in 
 each dty, town, village, and other locality shall he de- 
 posited in hanks located therein {substantially in pro- 
 portion to the capital and surplus of each such hank) 
 willing to receive such deposits under the terms of this 
 act and the regulations made hy authority thereof, hut 
 the amount deposited in any one hank shall at no time 
 exceed the amount of the paid-in capital and one-half the 
 surplus of such hank. If no such hank exist in any city, 
 town, village, or locality, or if none where such deposits are 
 made will receive such deposits on the terms prescribed, 
 then such funds shall he deposited under the terms of this 
 act in the hank most convenient to such locality. If no 
 such hank in any State or Territory is willing to receive 
 such deposits on the terms prescribed, then the same shall 
 he deposited with the treasurer of the hoard of trustees, and 
 shall he counted in making up the reserve ofUve per centum. 
 Such funds may he withdrawn from the treasurer of said 
 hoard of trustees and all other postal savings funds, or any 
 part of such funds, may he at any time withdrawn from 
 banks and saving depository offices for the repayment of 
 postal savings depositors when required for that purpose. 
 Not exceeding thirty per centum of the amount of such 
 funds may at any time be withdrawn by the trustees for 
 investment in bonds or other securities of the United States, 
 it being the intent of this act that the residue of such funds, 
 amounting to sixty-five per centum thereof, shall remain 
 on deposit in the hanks in each State and Territory wiU- 
 
 54 
 
I 
 
 APPKNDIX. 
 
 'in(j to receive the same itiultr tin- tirms of thit art, antl 
 sliiiU he a worlcing biihince and also a fund which nmij be 
 mthdrawn for invtstnunt in bonds or other securities of 
 the United States j but only by direction of the President, 
 and only lohen, in his judgment, the general welfare and 
 the interests of the Inited States so require. In t> rest 
 and profit accruing from the deposits or investment of 
 postal savings fun^Is shaU be applied to the pa>/ment if 
 interest due to postal sanngs depositors as hereinbeftre 
 prov'uled, and the excess thereof, if any, shall be covered 
 into the Treasury of the Vnited States as a part of the 
 postal revenue: Pronded, That postal savings funds in 
 the treasury of saul board shall be s^ibject to dispos-ition 
 as pronded in this act, and not otheriiyise: And provided 
 furthtr. That the board <f trustees may at any time dis- 
 pose of bonds held as postal savings investments and use 
 the proceeds to meet withdrawals of deposits by depositors. 
 For the purposes of this act, the word '* Territory," as used 
 hcrtnn, shaU be held to include the District of Columhia, 
 the District of Alaska, and Porto Rico, and the word 
 "hanh" shall be heUl to include sailings banks and trust 
 companies doing a banting business.] 
 
 Skc. 10. That niiy depositor in a postal saving '^^''iKjnXs'"' '^""*' 
 [lositon* may surriMultT liis tlcjjosit. or any part thereof, 
 in sums of twenty dollars, fortv doUtirs, sixty dollars, , ^tdi^n^o o< 
 eiijlity dollars, one luindreii ilollai-s, and multijiles of 
 one hundred dollars and live lumdred dollars, and receive 
 in lieu of such surrendered deposits, urnU'r such re<;uhi- 
 tions as may be estahlislied by the hoard of trustees, tlio 
 amount <»f tlie surrendered deposits in Inited States 
 coupon or repistere*! bonds of the denominations of Denomin*- 
 twenty doHars. forty dollars, sixty dollars, eij^lity dol- 
 lars, one hundred doljurs. and live hundred dolhirs. int«/e«t. 
 which bonds shall bear interest at the rate of two and 
 one-half per centum per annum, payable semiamiually, 
 and be redceiiiahh' n\ the nh-asure of tlie TnittMl Statj'S u*rte«'m«j.ie »i- 
 after one year from the date of their issue and i)aya!)le i'»«>»>ic »iw 
 
 , II 111 i' . '''•"'r >^«ni, in 
 
 twenty years from stich date, and l)f»th pnncij>al an<l(co'->'-«'n- 
 
 interest sliall l)e j)uyable in United Stat«'s Rohl coin »»f the 
 
 present standard of value: Provided, Tliat the !)onds Wh*n »>oo.ta 
 
 herein authorized shtdl !>e isstied only (first) wlien there"^'^ ''"*^' 
 
 are outstanding bomls of the l'nite<l States subject to 
 
 call, in which case the procewls of the bonds shall be 
 
 applied to the redemption at par of outstandinjj bonds 
 
 5ft 
 
• POSTAL LAWS AND REGULATIONS. 
 
 of the United States subject to call, and (second) at 
 times when under authority of law other than that con- 
 tained in this act the Government desires to issue bonds 
 for the purpose of replenishing the Treasury, in wliich case 
 the issue of bonds under authority of tliis act shall be 
 in lieu of the issue of a Uke amount of bonds issuable under 
 authority of law other than that contained in this act: 
 rfetsury^tJ ml Provided further, That the bonds authorized by tliis 
 ofbond'I^u'e*.'"''' act shall be issued by the Secretary of the Treasury 
 teS°mV^inv^t under such regulations as he may prescribe: And 'pro- 
 ifotKis!^'^' ^^'^^^^^'^'^^^^ Z'^^'^^^^j That the authority contained in section 
 nine of this act for the investment of postal savings funds 
 in United States bonds shall include the authority to 
 invest in the bonds herein authorized whenever such 
 bonds may be lawfully issued : And provided further, That 
 Exempt from the bouds herein authorized shall be exempt from all 
 
 taxation. n c 
 
 taxes or duties of the United States as wen as from taxa- 
 tion in any form by or under State, municipal, or local 
 
 Not receivable authority : And provided further, That no bonds author- 
 as security for is- -^ -t^ -^ •■ 
 
 sue of circulating i2ed by this act shall be receivable by the Treasurer of 
 
 notes by national -^ „,.„.,. 
 
 banks. the United States as security for the issue oi circulating 
 
 notes by national banking associations. 
 
 uS^^'^stati^s Sec. 11. That whenever the trustees of the postal 
 
 bonds. savings fund have in their possession funds available for 
 
 investment in United States bonds they may notify the 
 Secretary of the Treasury of the amount of such funds 
 in their hands which they desire to invest in bonds of the 
 United States subject to call, whereupon, if there are 
 
 fo^redtmption^'^ United States bonds subject to call, the Secretary of the 
 Treasury shall call for redemption an amount of such 
 bonds equal to the amount of the funds in the hands of 
 the trustees which the trustees desire to tlius invest, and 
 the bonds so called shall be redeemed at par with accrued 
 interest at the Treasury of the United States on and 
 after three months from the date of such call, and 
 interest on the said bonds shall thereupon cease: Pro- 
 Bonds reissued mt^ec? That the said bonds when redeemed shall be 
 
 to board of trus- . , i,, • ,t , ^ • ,^ • 
 
 tees. reissued at par to the trustees without change m their 
 
 terms as to rate of interest and date of maturity: And 
 
 Redemption of provided further, That the bonds so reissued may, in the 
 
 ' discretion of the Secretary of the Treasury, be called for 
 
 redemption from the trustees in like manner as they 
 
 were originally called for redemption from their former 
 
 56 
 
AIM'KNDIX. 
 
 owriors wlionovor there are fuiuU in tlio 'rreastiry of the 
 I'liited States availahle for siicli nMh'mj)tion. 
 
 Skc. IJ. Tliat postal savini^ depository fniuls shall bo •"•rtai nrinKn 
 
 , . 1^11 ' II f>in<ls to I>« knpt 
 
 kept separate iroin other fumis hv poslinasttM-s and other-^'^" »««• I'y r""i- 
 
 ollicers ami empli>yees of tlio postal service, who shall ho 
 
 held to tlie same aeeoiiiitahilit y under their honds for 
 
 siieli fiHuls as for pMl)lie moneys; and no pei'son eon- 
 
 iie<i«'d witl\ the Post Ollice Department shall ihselose to^»*^»»^ »»••<* 
 
 any person othiM' than the depositor tho amount of any 
 
 ileposits, mdess (hrected so to do hy tlie Postmaster (ien- 
 
 eral. All statutes rehitinj:; to the safekeeping; of and^ '^'T! "'''*'.'n|| 
 
 proper accoimtinj; for postal receipts are ma«le applicable j; '« 
 
 to ])ostal saving funds, and the Postmaster (leneral may 
 
 re(|uire postmasters, assistant postmastei-s. and ( lerks at 
 
 postal savings depositories to f^^ive any additional bond he^^J***'*'"""' 
 
 may tleeni nec<>ssary. 
 
 [8kc. 1.3. That additianal compensation skull ht allowed ^^]^^'',}*y*'^^ 
 jtontmaMers at post ojices of the fourth class for the trans- '^\ • 
 
 action of postal sailings depositorn business. Such cow-^s, i" .. j^ik-o 
 pensation shall not exceed oiw-fourth of one per centum 
 on the average sum upon which interest is paid each calendar 
 ijiar on receipts at such post office, and shall he paid from 
 the postal rt venues; but postmasters, assistant postma.stns, 
 chrks, or other employees at post offces of the presidential 
 grade shall not receive any additional compi nsation for 
 such service.] 
 
 Sm . 14. That the sum of one hundred thousand d«dlars .Kpproprinuoo. 
 is hereby appropriated, out of any money in the Tn-a^ury 
 not otherwise apj>ropriated, <ir so mucii thert-of as may bo 
 m'<essary, to enable the Postmaster Clenerul and tho 
 board of tnist<M's to establish postal savinp^ depositories 
 in ar<-ordan<'e with the provisions (»f this act, including 
 the reimbursement of the SiH-rctury of tho Treasury for ^ ;•- 
 
 cxpen.^t^s incident to the preparation, issue, and registra-o! 
 tion of the bonds autliori/ed in this act; and the Post-, "I 
 
 master General is authorized to re(|uire postmasters ai 'J^ 
 
 other postal ofIi<ers and employe<*s to transact, in <*""-„.^i;u^i«^. '" 
 n«M"tion with their other duties, su<h postal savings 
 depository business as mav be necessary: and he is also ^ 
 authorized to make, and with the approval of the board - • -: -»t 
 of trustees to pr»>mulgate, antl from time to time t^ •- 
 
 modify or revoke, subje<t to the approval of saiil lM)ard »< i-**^ « m* 
 such rules and repilations not in conflict with law as he 
 
POSTAL LAWS AND KEGULATIOIsrS. 
 
 may deem necessary to carry the provisions of this act 
 into effect. 
 crTmi'ntr^su't^- ^^^- ^^' That all the safeguards provided by law for the 
 ^Hclibi™to^ os^tai protection of pubhc moneys, and all statutes relating to 
 savings funds, ^^q embezzlemeut, conversion, improper handhng, reten- 
 tion, use, or disposal of postal and money-order funds and 
 the punishments provided for such offenses are hereby 
 extended and made applicable to postal savings deposi- 
 tory funds, and all statutes relating to false returns of 
 postal and money-order business, the forgery, counter- 
 feiting, alteration, improper use or handling of postal and 
 money-order blanks, forms, vouchers, accounts, and rec- 
 ords, and the dies, plates, and engravings therefor, with 
 the penalties provided in such statutes, are hereby ex- 
 tended and made appUcable to postal savings depository 
 business, and the forgery, counterfeiting, alteration, im- 
 proper use or handhng of postal savings depository 
 blanks, forms, vouchers, accounts, and records, and the 
 dies, plates, and engravings therefor. 
 Pledge for re- Sec. 16. That the faith of the United States is solemnly 
 
 payment of de- c n i • i • i 
 
 posits. pledged to the payment oi the deposits made m postal 
 
 savings depository offices, with accrued interest thereon 
 as herein provided. 
 Adjudication Sec. 17. That the final iudgment, order, or decree of 
 
 of courts will be . P ... . , , ' . . 
 
 conclusive as to auv court 01 Competent lurisdiction adiudicatmg any 
 
 I'lj^lits in n OS till x j j cj »/ 
 
 savings funds, right or interest in the credit of any sums deposited by any 
 person with a postal savings depository if the same shall 
 not have been appealed from and the time for appeal has 
 expired shall, upon submission to the Postmaster General 
 of a copy of the same, duly authenticated in the manner 
 provided by the laws of the United States for the authen- 
 tication of the records and judicial proceedings of the 
 courts of any State or Territory or of any possession 
 subject to the jurisdiction of the United States, when the 
 same are proved or admitted within any other court 
 within the United States, be accepted and pursued by the 
 board of trustees as conclusive of the title, right, interest, 
 or possession so adjudicated, and any payment of said 
 sum in accordance with such order, judgment, or decree 
 shall operate as a fuU and complete discharge of the 
 United States from the claim or demand of any person or 
 persons to the same. 
 
 Approved, June 25, 1910. 
 
 58 
 
APPENI>IX. 
 
 AN ACT MAKING APPROPRIATIONS FOR TMK SERVICE OP 
 THE POST ori' ICE DKI'ARTMKNT FOR THE FISCAI, YEAR 
 ENDING JINE TllliniErH, NINETEEN Hl'iNDREL) AND 
 THIRTEEN, AND FOR UTHEli PURPOSES. 
 
 Jit it enacttil by thi ^tiiatc a ml Jlou^e of Jii j>nt<ent(ttives 
 of (he I iiittd ^tatts of Amtriva in Congnas afistnthlid, 
 
 > :♦; )f: * + 
 
 buc. ID. * * * .!/<(/ [ivovldid fuvtiur, 'V\\x\{ all t'.\|>tinli- Audit, 
 tuifs in tlio Postal Saviuj^s Sy.stoiii shall be autlil('<l by 
 till" Auditt)!* for tlu> Post Ollico Depart uu'ii I : And pro- 
 
 i*idtd furtlttr, That tho Postniastrr Cu'iuTal shall select ' r 
 
 (,. 
 
 ami ilesimiate the |)ost ollices whieh are to be postal lo 
 
 . . . ! oiiid . 
 
 savinj^s depository ollices, and shall appoint and lix tho lo mnke sp- 
 
 . r ' » • 1 • |H)luinunU. 
 
 eonipensatn)n of such supernitendents, uispectoi-s, and 
 other eniployei*s as nniy be necessary in conducting, 
 supervising, and ilirecting the business of such ollices, 
 including the eni|>loyees of a ci-ntral ollici' at Wasiiington, 
 District of C'ohnnbia, and shall prescribe the houi-s dur-. •■» prc»rii,o 
 
 . . ' . hours o( inuluoiiA. 
 
 ing which postal savings depository ollices shall remain 
 
 oj)en. He shall also from time to tinu* make mles and, .' 'j 
 
 regidations with respect to the deposits in and with-' '• 
 
 drawids of moneys from postal savings depositorii-s and 
 
 the i.ssue of pass books or such other devices as he nuiy 
 
 adopt as evidence of such deposits or withdrawals. Tho 
 
 e .\ . II . . ft, I Art of June 25, 
 
 provisions of tho ait aj)proveil «lune twenty-lift h, mno-i9io. luucu-icJ. 
 teen hundred ami ten, are here])y modified accordingly. 
 
 « * * * * 4c V 
 
 .V]>pri>vcd, .Vugust 24, l'.»l_'. 
 
 AN ACT TO AMEND THE A<'T APPRoS ED MAY NINTH, 
 EIGHTEEN HINDRED AND EIGHTY-EIGHT, AS AMENDED 
 HY THE A< T OF JINE ELEVENTU, EIGHTEEN ULNDKED 
 AND NINETY -SIX. 
 
 Bt it enacUd by the Senate and Uouse oj' lit prtstnUUives 
 of ilie United Stiitea of America in Congress assentbUd, 
 That tho act autlu»rizing tlu^ Postiiuuster Cloneral to 
 adjust certain claims of postmasters for l«>ss by burglary, 
 fin^, or other unuvoidablo casualty, approved May ninth, 
 eighteen hundre<l and eightyH«ight . as ainiMided hy tho 
 act of tlune eleventh. (>i<;hteen hundred and nmetv-^ix. 
 
 00 
 
POSTAL LAWS AXD REGULATIONS. 
 
 be, and the same is hereby, amended so as to read as 
 follows : 
 Postmaster "That the Postmaster General be, and he is hereby, 
 tigate and pay authorized to investigate all claims of postmasters for 
 
 claims for losses ,tt » ici ,ipi , ■% 
 
 by casualty. the loss 01 money-order lunds, postal lunds, postal sav- 
 
 Postal savings • /. i , , j i i 
 
 funds, cards, mgs lunds, postage stamps, stamped envelopes, news- 
 stamps, and cer- . i ■• i -i • i , t 
 
 tificates included, paper Wrappers, postal cards, postal savmgs cards, postal 
 
 savings stamps, and postal savings certificates belongmg 
 
 to the United States in the hands of such postmasters, 
 
 and for the loss of key-deposit funds, funds deposited to 
 
 cover postage on mailings, and funds received as deposits 
 
 to cover orders for stamped envelopes, in the hands of 
 
 such postmasters, resulting from burglary, fire, or other 
 
 unavoidable casualty, and if he shall determine that such 
 
 loss resulted from no fault or negligence on the part of 
 
 such postmasters, to pay to such postmasters or credit 
 
 them with the amount so ascertained to have been lost 
 
 or destroyed, and also to credit postmasters with the 
 
 amoimt of any remittance of money-order funds, postal 
 
 funds, or postal savings funds made by them in com- 
 
 phance with the instructions of the Postmaster General, 
 
 which shall have been lost or stolen while in transit by 
 
 mail from the office of the remitting postmaster to the 
 
 office designated as his depository, or after arrival at 
 
 such depository office and before the postmaster at such 
 
 Provisos. depository office has become responsible therefor: Pro- 
 Losses over X c/ X 
 $10,000 to be re-mded, That no claim exceeding the sum of $10,000 shall 
 
 gress. be paid or credited until after the facts shall have been 
 
 ascertained by the Postmaster General and reported to 
 
 Congress, together with his recommendation thereon, 
 
 and an appropriation made therefor: And provided 
 
 Limitations, further, That this act shall not embrace any claim for 
 losses as aforesaid which accrued more than four years 
 prior to the date of approval of this act; and all such 
 claims must be presented withm six months after such 
 date, and no claims for losses which may hereafter accrue 
 shall be allowed unless presented within six months 
 from the time the loss occurred." 
 
 Annual report, gec. 2. That it is hereby made the duty of the Post- 
 master General to report his action herein to Congress 
 annually, with his reasons therefor in each particular 
 case. 
 
 Approved, January 21, 1914. 
 
 60 
 
AI'I'KNIMX. 
 
 A.N ACT TO AM KM) THE ACT Al'l'l;()\ i:if JINK TWKNTY- 
 lirni, NINKTKK.N HCNDIU:!) AND TKN, EN TIT IK I) 'AN 
 ACT TO KSTAin.lsn roSTAK SAVINdS DKrOSIToKIES 
 Foil DEPOSITINC SAVINCJS AT INTKKKST WITH THE 
 SECrUlTV OK THE (lOVKUN.MKNT Koll REPAYMENT 
 THEHEOK, AND KOK OTHKU I'LKPOSES." 
 
 Be it enacted by the Senute and Jloiiae oj' licpnscntatives 
 of the United States of Ainerica in Cun^ress assembled, 
 Tlmt sections two aiul thirtron of llu^ act appiovcMl Juno 
 Uvoiity-fifth, iiinotorii liuiulivd ami ton, oMtitlc<l ■An act 
 to establish postal saviiij^ tlopositorios for dopositing 
 saviiij^s at iiitrn'st with the socurity of th(» (lovcriimrnt 
 for rojiaymcnt thoro(»f, aiul for other purposes," l)o 
 lierehy aiuendod to read as follows: 
 
 "Skc. 2. That j)n>visioiis of section tlireo of the net .' ;'^'fi 
 
 of Julv fifth, eiirhteeu hundred and ei^rhtv-four, entitled'" ;"« 
 
 *.\ji act makinj; appropriations for tho service of tho™""*^''- 
 Post Olliee Department for tlu» fiscal yj'ar endinj; .Imio 
 thirtieth, eighteen hundred an<l eighty-five, and for other 
 ])urposos,' arc hereby extended and made applical)le to 
 all oflicial mail matter pi^rtainiiig to the husiiu'ss of 
 the postal savings svstem; and hereafter tho board of f ""^t «f '-"rrtag 
 trustees for the contnd, sup<>rvision, and administration {| [^ 
 
 of the postal savings depository system shall not be'' 
 refjuired to show in the annual rej)ort j)rescrihed by 
 section one of the act of .lune twenty-fifth, nin<'te<'n 
 hundn'd and ten, establishing such system, tin* amount 
 of Work doiw for that systi'iu by the Post Office l)tv 
 partment and postal sen'ice in the trans|K>rtation of friMJ 
 mail. 
 
 "Skc. \'-i. Postmasters, assistant postmasters, ch'rks, ,^'" ""V" "^ 
 or other eniploye«« nt post ofTici'S of the presidential' '^ 
 
 crade, and postmasters at post (•fliiM'S of the fourth cla.ss, » ' v > ' ','"* 
 shall not be allowc<l or paitl any additional coiuju'iisa- '"' ""-'^'• 
 tioii for tlie transaction of postal savings dejMisitory 
 business.'' 
 
 Approve<l. S«'pt<'mber 2;i, \9\-\. 
 
 AN ACT TO AMEND THE A«T APPROVED JT"NE 'nVEN'TY- 
 KIFTH. NINKTKKN Ht'NDRED AND TKN. AlTHnRIZlNG 
 THK POSTAL SAVIN(.;S SYSTEM, AND FOR OTHER 
 PURPOSES. 
 
 Be it enadtd by the Senate and House of Btpnsrntatires 
 of the Ignited States of Amrrien in Confess assembled, 
 
 til 
 
POSTAL LAWS AND REGULATIOXS. 
 
 Monthly limi-That such part of section six of the act approved June 
 
 tation removed. rri- i ii i i-- 
 
 twenty-iiitn, nineteen nmidred ana ten, authorizing a 
 system of postal savings depositories, as reads ''but no 
 one shall be pei-mitted to deposit more than SlOO in any 
 one calendar month" is hereby amended to read as 
 te^/e^s^t^^e'arilfg follows: " but the balance to the credit of any person, 
 cmirt^of^^a dl^- upou -which interest is payable, shall not exceed SI, 000, 
 positor. exclusive of accumulated interest"; and said act is fur- 
 
 ther amended so that the proviso in section seven thereof 
 Additional non-s}iall read as follows: ''Provided, That the board of trus- 
 
 interest-bearing _ ... 
 
 deposits. ^ggg may, in their discretion, and under such regulations 
 
 as such board may promulgate, accept additional depos- 
 its not to exceed in the aggregate $1,000 for each depos- 
 itor, but upon which no interest shaU be paid." 
 
 j^^De^pository g^c. 2. That postal savings funds received under the 
 provisions of this act shall be deposited in solvent banks, 
 whether organized under National or State laws, and 
 whether member banks or not of the Federal reserve 
 system established by the act approved December 
 twenty-tliird, nineteen hundred and thirteen, being sub- 
 ject to National or State supervision and examination, 
 Minimum rate and the sums deposited shall bear interest at the rate of 
 
 of interest. i i i p ^ 
 
 not less than two and one-iourth per centum per annum. 
 
 Rate to be uni- which rate shall be uniform throughout the United States 
 and Territories thereof ; but five per centum of such funds 
 
 Five per cent shall be withdrawn bv the board of trustees and kept 
 with the Treasurer of the United States, who shall be 
 
 Treasurer of treasurer of the board of trustees, in lawful money as a 
 tees. reserve. The board of trustees shall take from such 
 
 Security fur-bauks such security in public bonds or other securities, 
 
 ' authorized by act of Congress or supported by the taxing 
 
 power, as the board may prescribe, approve, and deem 
 
 sufficient and necessary to insure the safety and prompt 
 
 Postal savings payment of such deposits on demand. The funds 
 
 Distribution in received at the postal savings depositor}^ offices in each 
 city, town, village, and other locahty shall be deposited 
 in banks located therein (substantially in proportion to 
 the capital and surplus of each such bank) wilfing to 
 receive such deposits under the terms of this act and the 
 regulations made by authority thereof: Provided, Jiow- 
 
 Member hanks ever, If oiic or more member banks of the Federal reserve 
 
 reserve system systcm estabfishcd by the act approved December 
 
 g.ven P'^'^ ®'"®'^^®- ^^gj^j-y._^]^P(j^ nineteen hundred and thirteen, exists in 
 
 the city, town, village, or locahty where the postal sav- 
 
 62 
 
API'KNDIX. 
 
 in^s deposits are inado, such deposits shall bo j>la<H>d in 
 
 sucli cpialifiod inoinhor hanks siihstatitially in proportion 
 
 to the c-aj)ilal and surplus of each such haid<, hut if such 
 
 nu'uibor hanks fail to (pialify to rocoivo such d»>p()sits, 
 
 then any other hank located ( herein may, as hereiid)eft)ro 
 
 j)rovitled, (juahfy and receive tin* same. If no such ,J)^*'"'^'),"" '*'^' 
 
 nu'nd)er hank and no t)ther (|ualijied hank exists in au}' 
 
 city, town, villa«^e, or locahty, or if luuie when' such 
 
 di'posits are nuide "will receive such deposits on tlu^ terms 
 
 prescrihed, then sucli funds slnill i)e di'posited niuler the 
 
 tiTUis of this act in the hank most convenient to such 
 
 locality. If no sucl\ hank in ajiy State or T(»rritory is 
 
 willinj; to receive such dejiosits on th(> terms prcscril)ed, 
 
 then sncli funds shall l)e ileposited with the treasurer of i>op»ita wnu 
 
 ' treasurer. 
 
 the hoard of trustees and shall ho counted in nuiklng up 
 
 the reserve of five per C4'ntum. Such funds may be •>iif>i'i- 
 
 ' _ •' lltilo fl>l 
 
 withdrawn from the treasurer of said hoanl of trustees, '"'"i "' '^m • 
 
 ' tors. 
 
 and all otlicr postal savings funds, or any part of sucli 
 funtls, nniy bo at any tinu" witlidrawn from tlie hanks 
 and s.ivings depository odices for the rej)ayment of postal 
 saviuirs depositors when reciuired for that purpos(». If at, Exf^Mdopmiia 
 
 ^1 1 ' • in uny Sl.itc may 
 
 any time the postal savings deposits in anv State or Tor- !" ,'"'^*'*^' .'" 
 
 1 «-> 1 J ^ 1 rut. I SUtUxi 
 
 ritory sluiU exceed tlu» amount wliich the qualified hanks'"''' 
 
 tlierein are willing to receive uiuler tht> terms of tliis act, 
 
 and such excess amount is not re(|uired to nuike up th«* re- 
 
 si^rve fund of five per centum liereinhefore provided f<»r, tho 
 
 i)oard of trustees nniy invest all or any part of sucli exct»ss 
 
 amount in hontls or other st'curities of th«« I'nited States. 
 
 When, in tlie judgment of tiu> Pn-sident, the general wel- ^" • ' ' '•<• 
 
 fare an<l interests of tin* I'nited Stat«\s so retiuire, ili /^ 
 
 hoard of trustees nuiy inv««st all or any j)art of the p<istal ' '*^»»i*'"^ 
 
 savings fluids, except the n-serve fund of five |H'r centum 
 
 herein provided for, in bonds or other s«MMiriti«»s of the 
 
 I'nited Stales. 'Plugboard of trustees may in its discri'ti< '''^ 
 
 puirhaso from the holdi<rs thereof bi)nds which have be. , ;•; 
 
 or nmy be issued under the i)ro visions of scH't ion ten of tl.' 
 
 act t>f .Tun«^ twenty-fifth, nineteen hundred and t«>n. 
 
 Int4vre8t ami profit accruing from the deposits or invest- ' *" ' ^'J^ 
 
 nient of |x»stal stiviiigs fumls shall bo applied to tho pa . ^ 
 
 ment of interest due to postal savings de|>ositors, as li<*re- 
 
 inbefore provideil, and the »'xc«*is thereof, if any, shall ^^JJJ;^,„/®p^ 
 
 be covered into the Treasun' of the I'nited '^nU^ ns n »«»'«'»«•'» '»«• 
 
 part of the p«»stal revi-nue: Pnnuilnl furtlur. That p«»st ! ''}^ 
 
 savin<rs funds in the tr«' '^urv of said board sIimH In- vui. 
 
 6a 
 
POSTAL LAWS AND REGULATIONS. 
 
 ject to disposition as provided in this act, and not other- 
 Disposai of ' in- ^ise : And provided further, That the board of trustees 
 
 vestment bonds ^ "^ ' 
 
 to meet with- may at any tnne dispose of bonds held as postal savmgs 
 investments and use the proceeds to meet withdrawals of 
 
 '"T^rAor"" "^deposits by depositors. For the purposes of this act the 
 
 word "Territory" as used herein shall be held to include 
 
 the District of Columbia, the District of Alaska, and Porto 
 
 Savings banks j^i^Q ^^^ ^]^p word ''bank" shall be held to include sav- 
 
 and trust com- ' 
 
 panics. jj^gg banks and trust companies doing a bankmg business. 
 
 Repeal of con- gj.^ 17 That all laws or parts of laws in conflict with 
 
 flictmg laws. -T 
 
 the provisions of this act are hereby repealed. 
 Approved, May 18, 1916. 
 
 64 
 
1 X 1) i: X . 
 
 [Rt'fort'mcs ar»> to srcliuiis aixl iiiirii:,'r;iphs.I 
 
 Sec Par. 
 
 Attouiitahility f«>r funds .. lli.H8 .'i 
 
 For !4U{)plieH 12JS5 A 
 
 Aci-oiMit ('urreut: Errors 1275 4 
 
 Not to be held for remit tanco receipts .. 1279 5 
 
 Preparation 12SC 4-7 
 
 Signature 1286 7 
 
 Account numbers 1271 4 
 
 Account*, oponiiiK 1271 1-7 
 
 Sfe also l)v\>*i'*ili>. saviuus. 
 
 AddreK"* for letters to Dfjiartinent 1269 '.i 
 
 Adjudication of righta 1288 1,2 
 
 AdnuTKC 1280 6 
 
 Administration of eetatcfl 1283 2, :\ 
 
 A^'e of dejKwitor 1270 1 
 
 Ap(H)rtionment of bank deposits 1278 1-5 
 
 Attachment proteedinRs 1288 1, 2 
 
 Hank ib'posits. See Deposits in banks. 
 
 Heneficiary, depositor may not name 1283 12 
 
 Itoard of Trustees: Function 1269 1 
 
 Purchase of bonds 1284 13 
 
 IJ' >iids of jHistmasters and clerks 1288 7, 8 
 
 lionds, }>ostal savings; Ai)i>lication 1284 2 ■'» 
 
 Denominations 1284 1 (not«.\ 
 
 Further depotiits after application i-M '.> 
 
 Interest chwks and couiwns 1284 14 
 
 Interest on surren«len««l certificatiw 1284 8, IC 
 
 Iswued only in exchange for depend t* 1 284 12 
 
 Uw .' 1284 1 
 
 List of a|>plicants ■ ' C 
 
 No limit to amount 11 
 
 Purchase by Hoard of Trustees 13 
 
 Surrendert^i cfrtilicat** ' 7 
 
 When exchange clo«ic« account.. . '284 10 
 
 llranc-h oflices: Dejiositfl in banka 1287 8 
 
 Money order and iMStal fundi! 1287 10 
 
 No tran.«rfer of ai counts 1287 14 
 
 Records and rej««rts 1287 7 
 
 Remit tan <i's to main oflice. 1^" 9 
 
 Statistical r»'|K>rt.-< '287 13 
 
 Supplies 1 ^" 12 
 
 I'i^e of drafts, Form PS 316 H 
 
 Gkrds and stamps, |>ostal savings: Accepted for dep*--:^ 3 
 
 Cash redemption '■ 3 
 
 Keptforsale 1273 2 
 
 05 
 
INDEX. 
 
 Sec. Par. 
 
 Cards and stamps: Law 1273 1 
 
 Lost or damaged 1285 8-12 
 
 May be sold at stations 1285 4 
 
 Nine stamps must be on card 1273 4 
 
 Requisitions 1285 1-7 
 
 Transferable 1273 5 
 
 Central depository office : Designation 1279 2 
 
 Disposition of surplus funds 1279 9 
 
 Payment of drafts 1280 12 
 
 Receipt of funds 1279 4 
 
 Record of paid drafts , . . . . 1280 14 
 
 Treatment of overdrafts 1280 13 
 
 Certificates, postal savings : Cancellation 1281 8 
 
 Description 1272 1 
 
 Errors found after issue 1275 2, 5 
 
 Errors in issuing 1275 1 
 
 Interest rate and period 1270 8-10 
 
 Interest date 1272 3 
 
 Issue 1272 1-11 
 
 Issue out of order 1272 8, 9 
 
 Life not limited 1272 10 
 
 Lost or damaged stock 1285 8-12 
 
 Lost, stolen, or destroyed 1276 1-4 
 
 Payment 1281 1-12 
 
 Postmasters may not receive for safekeeping 1272 11 
 
 Requisitions : 1285 1-7 
 
 Serial numbers 1272 1, 7-9 
 
 Change in name of depositor 1283 13 
 
 Change of postmasters 1286 16-18 
 
 Checking credit in designated bank 1277 4 
 
 Governed by dates of checks 1277 5 
 
 Monthly limit 1277 4 
 
 WTien insufficient 1280 6 
 
 Checks on bank, postmaster's: Drawing and cashing 1280 5 
 
 Form 1277 7 
 
 Record 1280 7 
 
 Signature 1277 5 
 
 Single, for day's transactions 1280 8 
 
 Checks used for remittances 1279 7 
 
 Clerks, postal savings, to be bonded 1288 7, 8 
 
 Closing of accounts 1281 12 
 
 Consular officer, payment to 1283 6 
 
 Copies of reports 1286 5 
 
 Correction of errors 1275 1-5 
 
 Correspondence 1269 3-6 
 
 Death of depositor: Administration 1283 2, 3 
 
 After signing order 1282 4 
 
 Information to representative of estate 1288 4 
 
 Intestate 1283 4-11 
 
 Loss of certificates 1276 4 
 
 No funeral expenses 1283 8 
 
 No further deposits 1283 1 
 
 66 
 
INDEX, 
 
 Htf. I'.r. 
 
 iH'tith <ii tlt'pot^itor: Tart payment not to bo made 12^1 U 
 
 I'aymcnt diret-t to perwin autliorizctl 1 283 12 
 
 lUwdfUt abroad 1 2M3 7 
 
 Spocific authority riHjum'tl for puymont 12H3 1 
 
 Siir\ivo«l by alioii hi-irs I2K3 6 
 
 DopowitH in l)aiiks: Apportiomueut 1278 1-6 
 
 \pI>ortioiimfnt adjusted 1278 i 
 
 At branch otiiccs 1287 8 
 
 By Hoard of Triustees 1277 9 
 
 Ily iMwtmairtors 1277 3 
 
 t'heckinj; cretlit 1277 4,6 
 
 Checks or drafts from Department 1277 « 
 
 Form of chocks 1277 7 
 
 Iaw 1277 1,2 
 
 Maximum approached or reached 1277 9 
 
 ro«rtma.ster 'c record 1 277 8, 9 
 
 Reapportionment 1 278 3 
 
 Kojwrt of bank <-hanjr(*s' 1278 5 
 
 Return of remitted funds 1279 8 
 
 Sums leas than $10 1277 3 
 
 Depoedti*. 8a\-in^: Accounts opened before July 1, 11)17 1272 5 
 
 \rcount8 transferred only to or from stations 1287 H 
 
 rhanifo in name of depositor 1283 13 
 
 ('orrespondence about accounta 12(J9 4, «i 
 
 Exchange for bonds 128-1 1-11 
 
 Interest rate aiul period 1270 8 10 
 
 Lej^al proceedi ni,'S aflecting rights 1288 1, 2 
 
 Limit of |1 .000 daw) 1270 4 
 
 Limit of $1,000. observance 1272 5 
 
 Miniftium de|>o«it 1270 4 
 
 Nonintercwt-bearinK 1270 5, (] 
 
 One person, one account 1 270 1,3 
 
 Opening wcount* I-.' I 1-7 
 
 Op':: Hits by mail li.'71 3-9 
 
 Op.: ints throuK'h rcpreeentative 1274 1,2 
 
 Payable oit tli'man<l ' I 
 
 Privacy of a<-c-ounts • t 
 
 Sipnor by mark nui.Hl op«<n a<-count in pen«>n 12,1 2 
 
 .Sub-vvjuent dejKwdts throiiirh re|>ri*!«'Mt.iti\«' or by nuki! 1274 10.11 
 
 What may be accepted I-7t» 
 
 Who may make I - .'> I ' 
 
 Srr also Withdrawals by dcpomlor- 
 
 Dijwbility of deixwitor, le*»al ' '■■ • ' '- 
 
 Droft.^ by pofltin;u*ter»: <'n«<lit Rovemod by date« of dra/ti*. i . -" 9 
 
 In-fiinicient cre<lit I-'M) 1> 
 
 Monthly crcnUl.. I'-^O 9 
 
 X<v"tiatinj; ' 10 
 
 Not to Iks drawn by bankintr portmarten* 8 
 
 Overdrafts ' " i:» 
 
 Payment ' -" 1-14 
 
 Recording 
 
 Drafts by su{>orintendentfl of brmnrh off — -* 
 
 \^^o 11 
 
 1 • ^ ; II 
 
INDEX. 
 
 Sec, Par. 
 
 Drafts by euperintendents of stations 1287 4 
 
 Drafts used for remittances 1279 7 
 
 Envelopes, depositors', Form PS 301 1272 4 
 
 Envelopes, penalty 1269 5 
 
 En-ors, correction 1275 1-5 
 
 Establishment of service 1269 1 
 
 Execution proceedings 1288 1, 2 
 
 Filing depositors' cards 1271 7 
 
 Foreign countries : Heirs residing in 1283 7 
 
 Letters to depositors in 1269 6 
 
 Forma and supplies 1285 1-12 
 
 Funds to be kept separate 1288 5 
 
 Garnishment proceedings 1288 1, 2 
 
 Identification of depositor 1281 5, 6 
 
 Individuals only may deposit 1270 2 
 
 Information concerning accoimts not to be given 1288 3, 4 
 
 Insanity of depositor 1283 1-12 
 
 Inspectors may be informed about accounts 1288 4 
 
 Interest on bank deposits 1277 9 
 
 Interest on postal savings deposits: Date 1272 3 
 
 Not compoimded 1272 3 
 
 On certificates issued before July 1, 1917 1281 13 
 
 On certificates siurrendered for bonds 1284 8 
 
 Paid through representative 1282 3 
 
 Payable from current receipts 1280 4 
 
 Payment 1281 13 
 
 Payment by mail 1282 6 
 
 Rate and period 1270 8, 9 
 
 Record of payment 1281 14 
 
 ( 1284 14 
 
 Interest on postal-savings bonds; cashing checks and coupons 
 
 1288 6 
 
 Issue of certificates 1272 1-11 
 
 J<iint accounts not allowed 1270 2 
 
 Judgment of courts 1288 1,2 
 
 Legal proceedings affecting deposits 1288 1 
 
 Postmaster to report 1288 2 
 
 Letters : Addressed to Department 1269 3 
 
 Not to be inclosed with reports 1269 4 
 
 To depositors abroad 1269 6 
 
 Use of penalty envelopes 1269 5 
 
 Loss of records 1286 3 
 
 Lost certificates 1276 1-4 
 
 Lost or damaged suppUes 1285 8-12 
 
 Mail : Opening accounts 1274 3-9 
 
 Subseqiient deposits 1274 10, 11 
 
 Married woman : Account free from interference 1270 1 
 
 Change of name 1283 13 
 
 Must sign given name 1271 2 
 
 Maximum balance in bank 1277 9 
 
 Maximum depositor's balance 1270 4 
 
 Bonds not included 1284 11 
 
 Minimum deposit 1270 4 
 
 68 
 
INDKX. 
 
 MoUfV ordore: Mailed for dopcwit 
 
 I'uynu-nt by 
 
 N!oiii«y urdor funds uaed to cash checks . 
 
 To t iush (1 nif ta 
 
 Nanjc of depontor changed 
 
 Nt^rotiuMc pajMT c:u<hed 
 
 Numhcrinp of accoiint.M 
 
 One account only 
 
 Openinj; of accoutits 
 
 .NVr also Depoaitd, savings. 
 
 ( )ivaiii/.ation of Potrtal Savinps System 
 
 I'arl payment of certilicato 
 
 Payment of certificates. Scf W ithdrawals by depositors 
 
 Pi-nalty onvelopt.«a 
 
 rhunirds ( Form PS5) 
 
 PitHj^je for repayment of depKwits 
 
 P<>rttal funds used to cash checks 
 
 To (-.ish dnif ta 
 
 Poetal (iiude, depoatories indicated 
 
 Postmatfter tJeneral: To deaijjrnale postal 8a^'ing8 depositories. 
 
 To make rules and regulations 
 
 Postiniisters: Accountability for funds 
 
 .\dditional bond 
 
 < 'hange 
 
 Poflt otlicee: Designation as depositories 
 
 Hours of business 
 
 Privary of accounts 
 
 Keap|)<)rtionment of bank deposits 
 
 lltHX)rdH: Hank dejKwits 
 
 < Vrtificates iwueil and paid 
 
 « 'orre<'tioii of errors ._ 
 
 Dailv Summarv 
 
 Depositor's card 
 
 I^jf« to be rejKirted 
 
 KeiHCue of lost cerliliiatc« 
 
 < >f s[X)ile<i certiljcatee 
 
 Kemittancc of funds: Dy officee without local bonk- 
 
 Central de|X)«iton,- ollice 
 
 <*hei-ks or drafts 
 
 Kntr\- in rwords 
 
 Ix'tter of 
 
 Manner < 
 
 lletvipu. [ I \>rm I'S .ll.W. 
 
 lU'turn for Itx al dejKinit 
 
 Sums loss than ?10 
 
 Sun>lufl of banking postmasters 
 Ucports: Account current and abstracts. . 
 
 Daily station 
 
 On change of postmast'r 
 
 Statistical 
 
 Statistical. station- 
 Statistical, braucbt^st 
 
 Sfc. 
 
 P.r. 
 
 IJVt 
 
 11 
 
 IJSJ 
 
 J>-7 
 
 UNO 
 
 5 
 
 I'JKO 
 
 10 
 
 iL'.s;{ 
 
 13 
 
 12«8 
 
 6 
 
 1271 
 
 4 
 
 1270 
 
 1,3 
 
 1271 
 
 1-7 
 
 12G9 
 
 1 
 
 12S1 
 
 10 
 
 1209 
 
 5 
 
 1269 
 
 2 
 
 1288 
 
 9 
 
 1280 
 
 r, 
 
 1280 
 
 10 
 
 1274 
 
 4 
 
 1269 
 
 1 
 
 1269 
 
 1 
 
 1288 
 
 0,7 
 
 1288 
 
 7 
 
 1286 
 
 16-18 
 
 12(i9 
 
 1 
 
 1269 
 
 1 
 
 1288 
 
 3,-1 
 
 1278 
 
 3 
 
 1277 
 
 8 
 
 1286 
 
 1 
 
 1275 
 
 3,5 
 
 12S6 
 
 1.2 
 
 1271 
 
 1-7 
 
 1286 
 
 1 
 
 1 2s<; 
 
 3 
 
 1276 
 
 1-1 
 
 127') 
 
 2 
 
 1279 
 
 1 7 
 
 1279 
 
 •» 
 
 1279 
 
 7 
 
 1279 
 
 6 
 
 1279 
 
 6 
 
 1279 
 
 6 
 
 !. ;■• 
 
 •t.6 
 
 1. . t 
 
 8 
 
 1279 
 
 3 
 
 12, -9 
 
 8 
 
 I.-. 
 
 1-7 
 
 i. -; 
 
 1 
 
 1 . -'. 
 
 ie-18 
 
 IXi 
 
 8-16 
 
 1287 
 
 6 
 
 1287 
 
 13 
 
INDEX. 
 
 Sec. Par. 
 
 Kepresentative: Account opened through 1274 1, 2 
 
 Subsequent deposits 1274 10, 11 
 
 Residence of depositor immaterial 1270 3 
 
 SaA-ings cards and stamps. See Cards and stamps. 
 
 Serial numbers of certificates 1272 1, 7-9 
 
 Signature of depositor: By mark on certificates 1281 3 
 
 By mark on application 1271 2 
 
 By mark, signer must open account in person 1274 2 
 
 Given name to be used 1271 2 
 
 In unusual characters on application 1271 2 
 
 In unusual characters on certificates 1281 3 
 
 Signatm-e on account current 1286 7 
 
 Signatiu-e on bank checks 1277 5 
 
 Spoiled certificates 1275 1, 2 
 
 Stamps, sa^"ings. See Cards and stamps. 
 
 Stations, post office: Cards and stamps sold 1285 4 
 
 ^loney order and postal funds 1287 3 
 
 Records and reports 1287 1, 2 
 
 Supplies 1287 5 
 
 Transfer of accounts 1287 14 
 
 Use of drafts, Form PS 316 1287 4 
 
 Statistical reports 1286 8-15 
 
 Branch offices 1287 13 
 
 Stations 1287 6 
 
 Supplies: Accountability 1285 3 
 
 Branch offices 1287 12 
 
 Entry in records 1285 5 
 
 Invoice date to be stated 1285 7 
 
 Lost or damaged 1285 8-12 
 
 Opening and counting 1285 5 
 
 Requisitions 1285 1 
 
 Stations 1287 5 
 
 Stock to be kept 1285 2 
 
 Surplus funds of banking postmasters 1279 8 
 
 Telegi'ams reporting overdraft 1280 13 
 
 Requesting increased credit 1280 6 
 
 Third Assistant Postmaster General: Agent of Board of Trustees 1269 1 
 
 Addressed on postal savings business 1269 3 
 
 Transfer drafts 1277 6 
 
 Transfer of accounts at stations 1287 14 
 
 Treasurer of United States 1269 1 
 
 Trust accounts not allo^red 1270 2 
 
 Withdrawals by depositors: By mail 1282 5-7 
 
 Certificates issued before July 1, 1917 1281 8 
 
 Closing of accoimts 1281 ] 2 
 
 Disputed accounts 1288 2 
 
 Identification 1281 5.6 
 
 Indorsement of certificates 1281 1-5 
 
 Pai't pajonent of certificate 1281 10 
 
 Payable from current receipts 1280 4 
 
 Payable from deposits within State .- 1280 3 
 
 Payable on demand 1280 1 
 
 70 
 
INDEX. 
 
 Sec. I'ar. 
 
 Witlulniwula by iU'i)»>.><itor8: ruyment of interost 12Si la, 14 
 
 ruyiiu>nt on tlfutli 12.s;i 1-12 
 
 rayineut withheld 12X1 G, 7 
 
 KtMnnl of payiiu'iits 1281 8, 9 
 
 .*>iirr».'ml»T of tcrtilicati's 12S0 2 
 
 Throu>,'h rfpn\si'iitalivo 12S2 l—i 
 
 \Sith<lr.iwiils l>y l>ankiiii; postinu-sttTS 12S() .VS 
 
 Stt- iiUo (luikiiijj crodil ami CluH-ks on hanks. 
 
 ^Vilh(lru^valH l>y remitting poHtuuLstera 12.S() 0-14 
 
 Stf aUo l)raft« l>y i>ostn»iuster8. 
 
 AVitnc-^s, who may a«'t aa 12S1 4 
 
 W'ouuui. ^s'tY MarrictI vonuin. 
 
 71 
 
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