Business & Finance: NAVY BANK

This Navy bank in a Quonset hut on Guam is one of two such banks in the Pacific. The other: Bank of Samoa. Temporarily suspended during the Japanese occupation, the Bank of Guam was busy again last week supplying banking facilities to the armed forces and civilians. Its supervisor is the naval Governor of Guam. Pending accreditation to U.S. banks, the Bank of Guam cannot yet transfer funds. Like any savings bank, it pays interest: 1% on savings accounts.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!