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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.
The Post Office Savings bank was split into PostBank in 1987 and was acquired by ANZ Bank New Zealand two years later ending the bank. In 2002 the New Zealand government created a new state owned post bank called Kiwibank as part of the New Zealand Post to again establish a postal savings system. [27]
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To provide depositors who did not have access to banks a safe, convenient method to save money and to promote saving among the poor, the postal savings system was introduced in Great Britain in 1861. It was vigorously supported by William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At ...
The Post Office Savings Bank Act 1874 (37 & 38 Vict. c. 73) The Savings Banks Act 1880 (43 & 44 Vict. c 36), so far as it relates to Post Office Savings Banks; Parts I and III of the Savings Banks Act 1887 (50 & 51 Vict. c. 40) So much of the Savings Banks Act 1891 (54 & 55 Vict. c. 21), as relates to the Post Office Savings Bank