Evening Republican, Volume 20, Number 178, Rensselaer, Jasper County, 26 July 1916 — A Little Banking Work For U. S. Postmasters. [ARTICLE]

A Little Banking Work For U. S. Postmasters.

To perfect (the federal reserve boards, country wide system for collection of bank checks at par, which went into effect July 15, Postmaster General Burleson at the request of the reserve board, has authorized all postmasters to receive checks from federal reserve 'banks drawn upon State banks which are not members of the system and directed them to make colletatriona. This means was adopted to facilitate collections in places where there are no member banks , to act as collection agencies. Postmasters will'' collect • all such checks and remit the funds by registered mail to the federal reserve bait* of the district which will 1 pay postage and registration fee.