Initially only 26 of the 389 trustee savings banks (TSBs) became members. The work of the association was to be directed by a Council of Management comprising representatives from not fewer than fourteen of the larger TSBs.
Initially, only 26 out of 389 trustee savings banks (TSBs) joined. The association's operations were to be managed by a Council of Management consisting of representatives from at least fourteen of the larger TSBs.