Besides the individual deposit which John Smith or Mary Smith may have made in their own names, there are various other forms. Frequently, money is deposited "John Smith, in trust for William Jones," or "John Smith, Trustee for William Jones." Often this trust is to some extent a fiction, the legal effect of which is that, upon the death of Smith, Jones will receive the deposit without the formalities and expense of administration. Frequently, also, it is intended as an evasion of that rule which makes a different rate of interest for higher sums. The thrifty John Smith will have the maximum amount in his own name, and scattered through the books of the bank you will again meet him as trustee for his wife, trustee for each of his children, trustee for his son-in-law, etc. Accounts may be opened in two names jointly, as John Smith or Mary Smith. Sometimes John Smith and Mary Smith. In the former case the book is marked "To be drawn by either signature." In the latter case, "To be drawn by both signatures only." The money of benevolent and other associations is frequently accepted by the Savings banks on deposit, generally with special regulations as to the officials who shall have control of the funds. A special signature book is provided for societies, in which is allowed, not a single line, but an entire page, so as to provide for changes in officers.

Smith occasionally loses his book, and it is then his duty to report it to a clerk in charge of that department. It is usually required that he advertise its loss for a certain number of times in one of the daily papers. The reason of this precaution is that he may have assigned his claim to the moneys in the book to an innocent holder, and be thus endeavoring to obtain payment twice. If the book is not then returned he is required to execute a bond of indemnity, with a surety, making the bank good against any loss from adverse claims, and to make an affidavit as to the circumstances of the loss.

When Smith has gone over to the great majority of Smiths his legal representatives will ultimately appear at the bank, presenting letters testamentary, or letters of administration from the Surrogate of the County. Generally, upon these being admitted as correct, the money is transferred, without loss of interest, to a new book in the name of the executors or administrators, or paid to them in cash. Sometimes their names are simply added at the head of the original pass book, but in the bank which we are describing, it is a rule that no change in the heading of an account shall be made, except by transfer to a new book, lest unauthorized changes should be made, or alleged to have been made, by the employees. Such changes are sometimes desirable, for example, in case of a woman who has changed her name by marriage, but in this case she may continue to be recognized as a depositor by her former name.

The depositors of our bank are of all ages, occupations, religions, nationalities, colors and social grades, the children, from ten years upwards, are quite as exact and business-like in their transactions as their seniors, and the habit of carrying on a Savings bank account is quite prevalent among the children of all classes.

As the official with whom the depositor comes first and chiefly in contact, we will describe the duties of the receiving teller.

Form of Deposit Ticket

Form of Draft Ticket

Form of Savings Bank Ledger Account.

163,454. John Smith.