The Report of the Bank Committee that was presented to the City Council on March 11th 1952, included the following:
 
AMENDMENT OF REGULATIONS
 
At the request of the Government in 1946, a limit of 2,000 was placed on the aggregate deposits standing to the credit of any person, either alone or jointly with any other person, in the Municipal Bank, and the Regulations were amended accordingly. The same aggregate limit applied to deposits in the Post Office Savings Bank and Trustee Savings Banks.
 
The Government have now made an Order which has the effect of raising the aggregate limit from 2,000 to 3,000 for Post Office and Trustee Savings Banks as from the first day of March 1952, and your Committee consider, and HM Treasury agrees, that a similar alteration should be made to the relevant Municipal Bank Regulations.
 
Your Committee therefore recommend that, subject to the approval of HM Treasury and the Registrar of Friendly Societies, the Birmingham Municipal Bank Regulations, 1952, which have been framed to give effect to the foregoing matter and are set out hereunder, be now prescribed:
 
    1  These Regulations may be cited as 'The Birmingham Municipal Bank Regulations, 1952.'
 
    2  For the words 'two thousand pounds' where they appear in Regulation No. 36 of the Birmingham Municipal Bank Regulations,
        1930 (as amended by the Birmingham Municipal Bank Regulations, 1947) shall be substituted the words 'three thousand
        pounds.'
 
    3  These Regulations shall come into operation on Tuesday, the eleventh day of March, 1952.
 
It was moved by Mr Alderman Cooper, seconded, and Resolved:
 
That, subject to the approval of HM Treasury and the Registrar of Friendly Societies, this Council do hereby prescribe the following Regulations, and that the Town Clerk be authorised to affix the Corporate Seal thereto and to make application for the necessary assents:
 
BIRMINGHAM MUNICIPAL BANK REGULATIONS, 1952
 
    1  These Regulations may be cited as 'The Birmingham Municipal Bank Regulations, 1952.'
 
    2  For the words 'two thousand pounds' where they appear in Regulation No. 36 of the Birmingham Municipal Bank Regulations,
        1930
        (as amended by the Birmingham Municipal Bank Regulations, 1947), shall be substituted the words 'three thousand pounds.'
 
    3  These Regulations shall come into operation on Tuesday, the eleventh day of March 1952.
 
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Birmingham Municipal Bank Regulations, 1952