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A certificate of a $5 deposit in the United States Postal Savings System issued on September 10, 1932. The United States Postal Savings System was a postal savings system signed into law by President William Howard Taft and operated by the United States Post Office Department, predecessor of the United States Postal Service, from January 1, 1911, until July 1, 1967.
In the United States, the United States Postal Savings System was established in 1911 under the Act of June 25, 1910 (36 Stat. 814). It was discontinued by the Act of March 28, 1966 H.R. 8030 (89th Cong.) (80 Stat. 92 ).
Depositors in the system were initially limited to hold a balance of $500, but this was raised to $1,000 in 1916 and to $2,500 in 1918. The initial minimum deposit was $1. In order to save smaller amounts for deposit, customers could purchase a 10-cent postal savings card and 10-cent postal savings stamps to fill it.
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1911 - United States creates a postal savings system. 1912 - last stamps of Anjouan, superseded by Madagascar; 1913 - first stamps of Australia, superseding those of the various former colonies; 1913 5 May - first stamps of Albania; 1913 - United States initiates parcel post service, using special stamps.
Given the Postal Service’s popularity, not to mention laws forbidding any persons other than USPS personnel from touching your mailbox, the conservative drive to undermine mail delivery makes no ...
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The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively.