Seeking to reach the unbanked, the United States Postal Savings System provided a federally insured savings alternative …s. However, even during the earliest period, Postal Savings was only a partial substitute for traditional banks, as … locations with banks often heavily used postal savings …

Seeking to reach the unbanked, the United States Postal Savings System provided a federally insured savings alternative …s. However, even during the earliest period, Postal Savings was only a partial substitute for traditional banks, as … locations with banks often still heavily used postal savings.Institutional subscribers to the NBER working paper series, and …

Seeking to reach the unbanked, the United States Postal Savings System provided a federally insured savings alternative …s. However, even during the earliest period, Postal Savings was only a partial substitute for traditional banks, as … locations with banks often still heavily used postal savings …

they lost their predominance within the following decades as they were pushed to convert into Savings and Loans (S …&Ls). This study examines whether the U.S. government-insured Postal Savings System attracted funds away from B&Ls precisely when … show that the sudden rise in local postal savings was associated with local downturns in B&Ls. Using a panel vector …