This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ... and any other information that the postmaster requires by which to identify him at a later time. For any number of dollars deposited, one or more certificates are given which enable the depositor later to withdraw his money if he desires to do so. Duplicates of the certificates are kept by the ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ... and any other information that the postmaster requires by which to identify him at a later time. For any number of dollars deposited, one or more certificates are given which enable the depositor later to withdraw his money if he desires to do so. Duplicates of the certificates are kept by the postmaster. The amounts covered by the certificates are: $1, $2, $5, $10, $20, $50, and $100. Amounts less than $1 may be saved for deposit by purchasing a 10-cent postal savings card and 10-cent postal savings stamps. Each postal savings card bears blank spaces in which the stamps may be affixed from time to time. A postal savings card with nine postal savings stamps affixed may be exchanged at any time for a dollar certificate. Interest at the rate of 2 per cent per annum is allowed on the value of each certificate, payable annually, beginning with the first day of the month next following that in which the deposit is made. Interest is not paid for any fraction of a year, and compound interest is not allowed. A depositor may at any time withdraw the whole or any part of the deposits to his credit, with any interest payable thereon, by indorsing certificates for the amount that he wishes to withdraw. A depositor may exchange postal savings certificates amounting to $20, or any multiple of $20 up to $500, for United States bonds bearing interest at 2% a year. Without pencil. i. A girl, with her savings, filled a postal savings card each month. What certificates of deposit could she purchase with her savings during a year? 2. At the end of the second year, this girl had certificates of deposit to the amount of $24. What interest did she receive on this amount during the following year? 3. How long would it require for a postal savings deposit of $10...
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