4 ms·
> I don’t see the connection between the Postal Service and banking. Is it just it was historically there? If that’s the case, you could attach it to any depart
by x-complexity 3y ago
> I don’t see the connection between the Postal Service and banking. Is it just it was historically there? If that’s the case, you could attach it to any department.
https://en.wikipedia.org/wiki/United_States_Postal_Savings_System https://en.wikipedia.org/wiki/United_States_Postal_Savings_S...
Before the FDIC was created to cover bank runs & closures, the USPS was proposed to expand into being a postal savings system, a system that was already done by the UK beforehand & had proven to work.
https://en.wikipedia.org/wiki/Postal_savings_system https://en.wikipedia.org/wiki/Postal_savings_system