Financial Background of the U.S. Savings Bond: Development of Thrift Programs of the U.S. Treasury, 1917-1924
1961
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Financial Background of the U.S. Savings Bond: Development of Thrift Programs of the U.S. Treasury, 1917-1924
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1961
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Abstract
The largest and most successful program yet designed to promote
individual savings through Treasury policy has been the U. S. Savings
bond program. At the savings bond's inception in 1935, a considerable
body of experience had already been accumulated by the Treasury in
the operation of thrift type programs during and after World War I.
Similarities between the earlier and present thrift programs are both
striking and of considerable developmental significance. Somewhat
strangely, very little financial history has appeared primarily analyzing
such facets of these savings programs as might naturally be of interest
to economists and financial historians.
This paper proposes to trace the development and formation of
Treasury savings policy for individuals during the period from 1917
when the thrift program began until 1924 when the World War I
phase ended. To define the boundaries of interest herein, only those
non-marketable Treasury instruments designed to fit small personal
portfolios are emphasized. Experiences prior to World War I are not
part of this paper. Such lessons and general principles as may be derived
from the fund of early thrift promotion experience will comprise
the major part of this paper-particularly as these events may relate to
or throw light on the savings bond program of more recent times.
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Meyers, Cecil H. (1961). Financial Background of the U.S. Savings Bond: Development of Thrift Programs of the U.S. Treasury, 1917-1924. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/258555.
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