Appeal No. 2005-2643
Reexamination Control No. 90/005,842
The Post Office Bank usually tied its
loans 25 per cent to
the cost-of-living
index. All other
banks operated on
the principle of
calculating an index
surcharge on all
loans at rates just
sufficient to cover
indexed payments
to depositors. This
meant, for example,
that in a year when
the index rose by 10
per cent, a bank
with one fifth of its
deposits in fully
index-linked
accounts would
place an index
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