REGULATIONS
of the Birmingham Municipal Bank
 
September 1st 1919 - March 31st 1976
This list summarises the various editions of the Regulations that governed the operation of the Birmingham Municipal Bank (BMB) from September 1st 1919 to March 31st 1976. The most important sets of Regulations were 1919, 1925, 1930, and 1970; these four editions are reproduced in full on this website - as linked below at (1); (2); (5); and (18).
 
(NOTE: the Legislation, Regulations, and Rules relating to the Birmingham Corporation Savings Bank are detailed separately)
 
The authority for Birmingham Corporation to 'establish and maintain a savings bank' and to prescribe a set of Regulations relating to its operation, was contained in the Birmingham Corporation Act, 1919.
 
That legislation was superseded by the National Exhibition Centre and Birmingham Municipal Bank Act 1976, which gave affect to the Bank's transfer to TSB status under the Trustee Savings Banks Act 1969. This legislation facilitated the creation of the Birmingham Municipal Trustee Savings Bank on April 1st 1976.
 

(1) Rules for the Birmingham Municipal Bank (1919)
 
Commencement Date: September 1st 1919
 
The Rules relating to the commencement of the BMB, which were to be read in conjunction with a separate booklet entitled 'Savings and Housing Bank Regulations', were printed in a small booklet approximately 4" x 6" - the standard size adopted for all future issues. In addition to this small book containing the 'Rules', a larger booklet (approximately 6" x 8") contained the 'Regulations'.
 
(2) Birmingham Municipal Bank Regulations, 1925
 
Commencement Date: April 1st 1925
 
This was the first combined set of Regulations, ie a consolidation of the two booklets detailed at (1) above. This issue established the basic set of 93 Regulations that were to be used for all later editions, until a complete re-write was undertaken in 1970. Helpfully, the 1925 issue contained an Index, but that practice was not followed in later publications.
 
The circumstances relating to the requirement for the new Regulations, and the decision to amalgamate the two 1919 publications, were related by J P Hilton in Chapter 19 of his book Britain's First Municipal Savings Bank - follow the 1925 link above, to view this background information.
 
A draft of the new Regulations were approved by the City Council at a meeting held on July 19th 1924, subject to such modifications or variation as might be required prior to the approval of the Treasury and Chief Registrar of Friendly Societies being granted. During the course of negotiations with these bodies, it became necessary to make a few minor alterations to the original draft. At a further City Council meeting on June 16th 1925, the Bank Committee reported accordingly.
 
(3) Birmingham Municipal Bank Regulations, 1928
 
This edition of the Regulations provided an amendment to Regulation No 3, to enable deposits to be made by Working Men's Clubs, Benevolent Societies, etc
 
(4) Birmingham Municipal Bank Regulations, 1929
 
Amendments were made to:
 
 - allow depositors to withdraw up to 30 on demand at a branch (the same limit that applied at Head Office); the previous branch limit was 5 (Regulation 41);
 
 - allow the Bank to administer mortgage accounts more efficiently (Regulations 87, 90 and 93)
 
(5) Birmingham Municipal Bank Regulations, 1930
 
Commencement Date: July 1st 1930
 
The Regulations of 1925, 1928, and 1929 were repealed
 
This set of Regulations was the standard for many future amendments, as they were always headed 'Municipal Bank Regulations, 1930 as amended by .'
There then followed a list of the subsequent regulations that amended the 1930 version.
 
These Regulations were organised into three sections:
 
 - Management;
 
 -  Depositors' Department; and
 
 - House Purchase Department and Allotment Purchase Department
 
(6) Birmingham Municipal Bank Regulations, 1932
 
Commencement Date: December 1st 1932
 
The 1932 Regulations were just a straight reprint of the 1930 issue, containing just three 'regulations' annexed after Regulation 93. The purpose of these three regulations was to set a new Rate of Interest for the Savings Department:
 
           1 - These regulations may be cited as the Birmingham Municipal Regulations, 1932.

           2 - For sub-section (2) of Regulation No. 39 of the Birmingham Municipal Regulations, 1930, the following shall  
                 be  substituted:-
                     (2) Interest shall be allowed on every complete pound deposited at the rate of three pounds per centum per annum.
           3 - These regulations shall come into operation on Thursday, the first day of December, one thousand nine-hundred and
                 thirty-two, on and from which date sub-section (2) of Regulation No. 39 of the Birmingham Municipal Regulations,1930,
                 is hereby repealed.
 
(7) Birmingham Municipal Bank Regulations, 1941
 
Commencement Date: April 1st 1941
 
Regulation 71 (Investment of Funds) was amended to enable investments in Government Securities maturing at a date not later than thirty years from the date of investment - the previous limit was twenty years.
 
(8) Birmingham Municipal Bank (Procedure) Regulations, 1946
 
The Corporation's requirement (under Regulation 39 (1)) to give three months' notice to depositors to vary the rate of interest on deposits was amended by the addition of a new Regulation, 39 (4), which required that 'any notice . to be given . may be given by them by advertisement in a daily London newspaper, in a newspaper circulating in the district in which the Bank is situate, and by displaying the same in some prominent position in the buildings in which the business of the Bank is carried on.'
 
(9) Birmingham Municipal Bank Regulations, 1946
 
Commencement Date: April 1st 1946
 
This amendment to the Regulations:
 
    - imposed an annual limit of 500 on deposits;
 
    - imposed an aggregate limit of 2,000 on deposits;
 
    - reduced the Rate of Interest on Deposits from 3% to 2% with effect from July 1st 1946
 
(10) Birmingham Municipal Bank Regulations, 1947
 
Commencement Date: April 1st 1947
(Booklet issued, dated December 1947)
 
Regulations 36 (Limitation on the Amount of Annual Deposits and on Deposits in the Aggregate) and 37 (Exceptions to Limitation of Deposits) were amended so as to define the way in which the limits imposed by the 1946 Regulations would apply.
 
In addition to the three sections of the Regulations established in the 1930 edition, this booklet also contained Extracts from appropriate Acts of Parliament - a practice that was followed in all subsequent publications.
 
(11) Birmingham Municipal Bank Regulations, 1949
 
Commencement Date: March 9th 1949
 
By this amendment, Regulation 71 (Investment of Funds - that permitted investments in Government Securities), was extended to allow investment in 'securities of the British Government or in securities guaranteed as to principal and interest by the British Government.'
 
(12) Birmingham Municipal Bank Regulations, 1952
 
Commencement Date: March 11th 1952
 
The maximum limit for Deposits was increased from 2,000 to 3,000
 
(13) Birmingham Municipal Bank Regulations, 1957
 
Commencement Date: April 1st 1957

The new Regulations were issued in a booklet dated April 1957, and contained the following amendments:
 
    - Additional Regulations, following Regulation 93 as Supplemental Regulations in respect of the new No 2 Department.
 
    - Regulation 36 (Limitation on the Amount of Annual Deposits and on Deposits in the Aggregate)
                extended to include an additional section:
 
                               (5)  In computing for the purpose of this Regulation the amount standing to the credit of any person in
                                     Depositors' Department No 1, whether solely or jointly with any other person, there shall not be taken into
                                     account deposits standing to the credit of any person either solely or jointly in Depositors' Department No 2.
 
    - Regulation 67 (Estate, Succession and Legacy Duties) replaced and now entitled Death Duties
 
(14) Birmingham Municipal Bank Regulations, 1960
 
Commencement Date: June 14th 1960
(New Regulations booklet issued, dated June 1960)
 
Increased maximum limit for No 1 Department Deposits from 3,000 to 5,000
(Regulation 36, the constraints of which were also simplified)
 
Suspended the annual deposit limit of 500 for No 1 Department Deposits
 
Increased maximum limit for No 2 Department Deposits from 1,000 to 2,000
(Supplemental Regulation 3 (i))
 
Increased the amount withdrawable on demand from 30 to 50
 
(15) Birmingham Municipal Bank Regulations, 1965
 
Increased the Rate of Interest on No 1 Department Deposits to 3% (Regulation 39 (2))
 
(16) Birmingham Municipal Bank Regulations, 1966
 
Presumably, these Regulations related to the introduction of the No 3 (Investment) Department on January 1st 1967 - see NOTE below
 
(17) Birmingham Municipal Bank (Current Account) Regulations, 1967
 
These Regulations related to the introduction of Cheque Accounts in July 1967 - see NOTE below
 
(18) Birmingham Municipal Bank Regulations, 1970
 
Commencement Date: October 1st 1970
 
A complete re-write of the Regulations, in a revised format, revoking the regulations listed above as items (5) to (17).
 
These were to be the last issue of regulations for the Birmingham Municipal Bank, which ceased on March 31st 1976. Its successor, the Birmingham Municipal Trustee Savings Bank being regulated under the Trustee Savings Bank Act, 1976
 
 
 
NOTE:
 
The nine headings numbered above in red bold (1; 2; 5; 6; 10; 12; 13; 14; 18) refer to published copies of the Bank's Regulations that have been preserved by Norman Worwood and David Parkes, and form the basis for the details of the Regulations reproduced on this website.
 
The creator of this website would be grateful for sight of published copies of any other editions of the Regulations, particularly 1966 and 1967 (Current Account)
 
 
 
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