General
1The National Savings Bank
(1)The establishment known as the National Savings Bank shall continue in existence for the receipt and repayment of deposits.
(2)The business of the National Savings Bank shall be carried on by the Director of Savings.
2General power to make regulations
(1)The Treasury may make regulations for superintending, inspecting and regulating the manner in which the accounts of persons making deposits with the National Savings Bank are kept and examined, and with respect to the making of deposits and to the withdrawal of deposits and interest, and all other matters incidental to the carrying of this Act into execution.
(2)Regulations under this section may provide for applying to the National Savings Bank all or any of the provisions of the enactments relating to trustee savings banks, either without modification or with such modifications as may seem necessary or proper for the better execution of this Act.