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DEPOSITORS' DEPARTMENT
The original Rules of the BMB, consequent upon the Bank being set up under the Birmingham Corporation Act of 1919, listed three objectives for the Bank:
 
    (a) To receive deposits and to guarantee the payment of interest on and the repayment of such deposits.

    (b) To advance money to any depositors desiring to purchase or acquire a dwelling house or dwelling houses in the City of Birmingham, or any interest therein.

    (c) To utilise and invest the funds of the Bank in accordance with the Act and the regulations made thereunder, or such other regulations as may be made as therein provided.
 
These Rules, in relation to objectives (a) and (b), referred to the 'Savings Bank Department' and the 'Housing Department', respectively. The 1919 Rules were subsequent to the Bank's 'Savings and Housing Bank Regulations' (approved by the Treasury: August 25th 1919). These regulations were subsequently supplanted by The Birmingham Municipal Bank Regulations of 1925 which formulated the rules regarding each of these two departments in two separate sections, now called:
 
     the DEPOSITORS' DEPARTMENT; and
 
     the House Purchase Department
 
The DEPOSITORS' DEPARTMENT was created with a single product - a simple, passbook-based, savings account. This product was the only savings account provided by the Bank until 1957. Further products did not follow until the 1970s. Confusingly, each of the products was identified as being a Department; the original product eventually becoming known as the No 1 Department, the tax-concession product introduced in 1957 is known as the No 2 Department, etc.
 
The history relating to the Deposit accounts, and details of how they operated, is described in the following sections:
 
Account Types
Overview of the various Savings and Investment products offered by the Bank
 
Account Conditions
Details of the limits governing Deposits and Withdrawals etc
 
Numbering of Accounts
Details of the systems used to number depositors' accounts; and for the identification of branches
 
Depositors' Ledger (Birmingham Corporation Savings Bank)
Examples of entries in Ledgers used by the temporary wartime bank
 
Depositors' Ledger (Aston Cross Branch)
Extracts from the first Ledger used when this branch opened in November 1920
 
Depositors' Ledgers - extracts from the early Ledgers of:
 
    Aston branch
 
    Springfield branch
 
Passbooks (Depositors' Department)
Examples of passbooks issued to depositors in the original (No 1) savings department
 
Passbooks (No 2 Department)
An example of the type of passbook issued to depositors in the new department opened on April 1st 1957
 
Passbooks (No 3 Department)
An example of the type of passbook issued to depositors in the new department opened on January 1st 1967
 
Head Office Passbooks
Two Passbooks for Account Number HO 36601 (1926 - 1948) and examples used for 'Head Office X Accounts'
 
Withdrawals from the Accounts of Minors
How the Bank dealt with applications for withdrawals from this type of account in 1925 to 1927
 
Interest Calculations
Description of method used prior to computerisation
 
Interest Rates
Record of Interest Rates Paid and the 'Bank Rate'
 
Loans free of Interest and Determination of Needs (World War II)
Committee report regarding two wartime issues of importance to depositors
 
Introduction of the No 2 Department
How the tax-concession product came into being
 
Introduction of the No 3 (Special Investment) Department
A 1934 report that contemplated the introduction of a facility provided by other savings banks
 
Branch Accounting and Procedures
Description of Accounting Procedures at Branches
 
Accounts of Deceased Depositors
How the Bank dealt with the accounts of Deceased Customers
 
Nominations
The system that enabled Depositors to nominate a person to receive a sum on death
 
Withdrawals from the Accounts of Minors
Administration of 1919 Regulation 35 (3)
 
Account Administration: New, Renewed, Inactive, Dormant, and Closed Accounts
How the Bank administered these types of account
 
Direct Transfer Scheme (DTS)
The system whereby employees' salaries, wages, and deductions from wages, were paid directly into depositors' accounts
 
Payment of Wages Scheme (Bournville Works)
An early version of the Direct Transfer Scheme that was implemented for Cadbury employees
 
Growth of Balances
Statistics re Total Deposit Balances
 
Department Balances: 1957 to 1979
Analysis of Balances subsequent to the opening of the No 2 Department in 1957
 
 
 
 
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