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At its peak in 1947, the system held almost $3.4 billion in deposits, with more than four million depositors using 8,141 postal units.
en.wikipedia.org The bank paid its depositors and ownership returned to its owners.
en.wikipedia.org At that time, limited liability was seen as risky by depositors.
en.wikipedia.org Failed institutions are eventually resolved via a formal resolution process designed to protect retail depositors.
en.wikipedia.org In 1911 depositors' balances were valued at 18 million although reserves were only 500,000 and that existing guarantees were not enough.
en.wikipedia.org