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
(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.
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 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:
the various Savings and Investment products offered by the Bank
Numbering of Accounts
Details of the systems used to number depositors' accounts; and for the identification
Examples of entries in Ledgers used by the temporary wartime
Depositors' Ledgers (Birmingham Municipal Bank) - extracts from the early bound Ledgers of:
The history of the introduction of a mechanised posting system into the larger branches of
commencing with the Aston Cross and Balsall Heath branches in May 1930
passbooks issued to depositors in the original (No 1) savings department
An example of the type of
passbook issued to depositors in the new department opened on April 1st 1957
of the type of passbook issued to depositors in the new department opened on January 1st 1967
Passbooks for Account Number HO 36601 (1926 - 1948) and examples used for 'Head Office X Accounts'
for Account Number AR 470 (1927 - 1939)
Passbook for Account Number L603T (1961 - 1970)
Examples of stationery issued to customers that was used to record their transactions
Committee report regarding two wartime issues of importance to depositors
1934 report that contemplated the introduction of a facility provided by other savings banks
system that enabled Depositors to nominate a person to receive a sum on death
of 1919 Regulation 35 (3) -
How the Bank dealt with applications for withdrawals from this type of account in 1925
How the Bank administered these
types of account
The system whereby employees' salaries, wages, and deductions from wages, were
paid directly into depositors' accounts
An early version of the Direct Transfer Scheme
that was implemented for Cadbury employees