The USPS used to run limited banking services[1] in the 20th century. It was largely obsolete by the 1960s (according to the Wiki article). It's also important

The USPS used to run limited banking services[1] in the 20th century. It was largely obsolete by the 1960s (according to the Wiki article). It's also important to note that the USPS is required to be self-sufficient in its purse strings, but is heavily restricted in what markets it can/can't be in by Congress. I think the "privatize everything" crowd of legislators/lobbyists see the USPS in banking as an existential threat to private banks profit margins and it won't happen without a political black swan (maybe not even in the current black swan environment). [1] https://en.wikipedia.org/wiki/United_States_Postal_Savings_System https://en.wikipedia.org/wiki/United_States_Postal_Savings_S...