![]() ![]() It is a largely forgotten part of American banking (and postal) history that the USPS administered the postal savings system for 56 years, from 1911 to 1967 … o Today, postal services around the world provide small-scale financial services, from check cashing and savings accounts to e-commerce solutions, such as direct deposit of refunds for returned goods to a consumer’s postal account. ![]() In 1947, more than 4 million Americans had $ 3.4 billion in savings deposits held not by a bank or credit union, but by the United States Postal Service. Of the editorial board of the Pittsburgh Post-Gazette: ![]()
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