The commercial banks suffer from several competitive disadvantages with the postal savings system.

Many savers are transferring some of their money from private institutions to the postal savings system run by the Government.

Then there is the question of what has been done with the funds that come from deposits at the Government-run postal savings system.

Most Japanese prefer the safety of banks, the country's postal savings system and gold bars, which have been hot sellers this year.

In the past it offered many of its services through post offices, and was founded in 1861 as a postal savings system.

Postbank may refer to any of the postal savings systems in these countries:

But unlike them, he strongly favors small government, which is manifested in his calls to cut the bureaucracy and privatize the postal savings system.

In 1881 the Dutch government created the Rijkspostspaarbank, a postal savings system to encourage workers to start saving.

International Japanese depositors are abandoning banks and putting their money in the Government-controlled postal savings system.

The postal savings system, through the 24,000 post offices, accepted funds in various forms, including savings, annuities, and insurance.

His longstanding proposal was for the privatisation of the four public highway corporations, and reform of the postal savings system that finances them.

And the postal savings system pays no taxes, no dividends and no deposit insurance fees.

A postal savings system was established, and the Interstate Commerce Commission was directed to set railroad rates.

These institutions derived their funding from deposits collected by the postal savings system and deposited with the Trust Fund Bureau.

As high-interest deposits in Japan's huge government-run postal savings system mature over the next two years, some 100 trillion yen will be seeking a new home.

The government is also said to be increasing its stock buying operations through its $2 trillion, not-yet-privatized postal savings system to give the rally an additional push.

For example, the national pension fund and postal savings system have in the past occasionally stepped in to buy stocks at crucial moments, and could do so again.

Bulgarian Postbank was founded on April 2, 1991 as the postal savings system of Bulgarian Posts.

Therefore, like postal savings systems in other countries, the system of sberkassas was a form of government debt, a system where the Soviet state borrowed from the population.

Of course, there are limits to Japan's willingness to let market forces rule, as can be seen in the Government's wariness about privatizing the beloved postal savings system.

Mr. Koizumi has long been a friend of the Japanese banking sector, because of his strong insistence that Japan's immense postal savings system be privatized.

Bank Deposits Declining The postal savings system has about 163 trillion yen in deposits, currently the equivalent of about $1.3 trillion.

Indeed, the biggest beneficiary of Yamaichi's collapse will likely be the postal savings system, the $2 trillion pool of savings administered by the Post Office.

Such attention may be an advantage in a country where the postal savings system is considered the safest haven and mutual funds represent a potential lucrative new business for banks.

He vowed to "speed up" attempts to reduce Japan's mountain of bad bank loans, to cut its swelling public debt, and to privatize the state-run postal savings system.