How many of you out there are Fathers, Sons, Uncles, Brothers, Mothers, Sisters, Aunties?

Question

But can you open up a Bank account under titles? So when Jesus said in Mathew 28:19 to baptize all nations in the Name of the Father, Son, & Holy Spirit, did He literally mean the titles? Peter understood in Acts 2:38 who the Father, Son, and Holy Ghost was.

Answer 1

At Acts 2:38, the apostle Peter was addressing natural Israelites, who were already covenanted to Jehovah God the Father and who were already familiar with the action and authority of the Holy Spirit.

The only thing lacking for those Jews was to embrace the Messiahship (and teachings and sacrifice and example and headship) of Christ Jesus. This is how Peter worded that:

(Acts 2:36-38) Therefore let all the house of Israel know for a certainty that God made him both Lord and Christ, this Jesus whom you [Jews] impaled.” Now when they heard this they were stabbed to the heart, and they said to Peter and the rest of the apostles: “Men, brothers, what shall we do?” Peter said to them: “Repent, and let each one of you [Jews] be baptized in the name of Jesus Christ for forgiveness of your sins, and you will receive the free gift of the holy spirit.

Learn more:
http://watchtower.org/e/ti/index.htm?article=article_05.htm
http://watchtower.org/e/20050422/
http://watchtower.org/e/20020515/
http://watchtower.org/e/rq/index.htm?article=article_03.htm
http://watchtower.org/e/lmn/index.htm?article=article_04.htm

Answer 2

Some of Jesus' early followers were baptized in the baptism of John. Does that mean that John the Baptizer holds equal billing with the Father, Son and spirit?

Obviously, those who are steeped in Trinitarian dogma see the words Father, Son and spirit in the same sentence and they reflexively think "Trinity." However, discerning persons realize that just because those words appear in the same verse, it in no way equates one with the other.