The director of the Kansas commission on veterans affairs office shall designate a person at the Kansas veterans’ home who shall be in charge of the member funds at such veterans’ home. The person so designated shall have custody and charge of all moneys belonging to the members, or patients residing in the Kansas veterans’ home, which are held for their use, benefit and burial. The director of the Kansas commission on veterans affairs office shall designate the bank or banks, in which such moneys shall be deposited.