49. Reserve Record

The reserve should be computed daily and a record kept in book form convenient for ready reference. It may be noted as addenda to the daily statement referred to in Chapter IV (Books And Records), section 16. This reserve record is a very essential feature where drafts on the reserve agents are sold. A suggestion as to the form of a reserve record in a separate volume is shown in Figures 32 on page 74.

Comparative figures are always valuable. A railroad president would feel lost without them. By adding a column or two to the form shown in Figure 9 on page 42, the percentage of reserve may be watched from day to day.

50. Reports Required By Comptroller Of The Currency

Reserve Op New York State Trust Companies And Method Op Computation.

To ascertain the aggregate deposits upon which reserve is to be computed

Add

Amount due banks Amount due bankers Amount due trust companies Amount due savings banks Amount due other depositors Amount due on certificates of deposit Amount due on certified and cashier's checks Amount due on unpaid dividends

Total $

Deduct Amount due from banks and trust companies not reserve depositories

Amount due from reserve depositories, excess over amount required to maintain reserve

Amount due on exchanges and checks on other banks and trust companies

Amount due moneys held in trust not payable under the conditions of the trust within thirty days

Amount due on time deposits not payable within thirty days represented by certificates showing the amount of the deposit, date of issue and date when due

Amounts due deposits secured by outstanding unmatured bonds of the State of New York

Total Balance upon which reserve is to be computed $

$ $

Note: In case reciprocal accounts are kept with reserve depositories, only the excess due you can be counted as reserve.

Daily Reserve

Figure 32. Daily Reserve Record and state superintendents on call. - All financial institutions are required by law to furnish reports at stated intervals or on call to the chief of the department having supervision. These reports are inspected, summarized, etc., and it is therefore essential that they be prepared in the same manner by all institutions reporting to a given head. It is the custom for the Comptroller of the Currency and the different banking superintendents to send blank forms with the call for the report, on which the statements must be prepared. The reports to the Comptroller of the Currency and the Superintendent of Banks of the State of New York must be verified by the oath or affirmation of the president or cashier and attested by three directors.