Discount Register. - The column headings in the Discount Register may vary slightly in different banks, and, in addition to those shown in the text, may include the time or tenor of the paper. Many banks carry the Liability Ledger also, in which is recorded against the name of each customer the paper on which that customer's name appears as maker or indorser.

Collection Tickler. - Since collection items must be recorded individually, not in totals as checks are recorded, the bookkeeping incidental to collection items requires more entries. As the Collection Register or the Collection Tickler can be handled only by one clerk at a time, many banks are substituting for these books a carbon system, and an individual record in duplicate is made of each item, on slips of convenient size. This record is identical with that contained in the bound registers when these books are used.

At maturity the fate of each piece is recorded on these slips, and the bookkeepers post to the accounts directly from them; the slips are then filed away as a permanent record.

Receiving Teller's Daily Check Sheet. - That part of the bookkeeping which is done by the receiving teller has three distinct objects: first, to prove the deposit ticket; second, to subdivide the checks into convenient groups for a final settlement by the other departments of the bank ; third, in the accomplishment of these results, to handle the checks as few times as possible. This subdivision is best accomplished by the block or batch system. Under this system the currency is verified and the indorsements noted by the teller, but the addition is not proved. A clerk assorts the checks into the several divisions or departments of the bank and makes a total of each list on an adding machine; a recapitulation proves the amount of the ticket. The most extended division is made of those checks which are received in the greatest number.

Remittance Register and Out-of-Town Banks Ledger. - Many banks omit from this register the columns headed Indorser, Payer, and Where Payable, as this information, when needed, is secured from the book or record of original entry.

An exact copy of these inter-bank transactions is made and forwarded monthly to each out-of-town bank correspondent. This form of statement is known as the account current. The reconcilement form, the form or statement by which the accounts of one bank are reconciled with those of another bank (see illustration, p. 97), is the form used by the Bank Examiner.

Letters are used to indicate the nature of certain entries, as follows: D for drafts, N for notes, and C for collections.

As a means of avoiding the writing of names many times, banks have devised what is termed a transit number. A prefix number is used to designate a certain city or state, and each bank is also given a certain number. For instance, the Webster and Arias Bank, of Boston, is designated as 5-25, 5 indicating the city, and .25 the bank. Banks print the designated number on all their checks.

As a convenience for the student the fuller explanatory terms are retained in the blanks used with this set.

Individual Ledger. - Many different systems are in use for keeping the accounts of the depositors. The one given in the text is the most convenient for the use of the student in the classroom.

The loose-leaf system is finding a place in many banks. Each account is given a separate sheet, and as a sheet is filled, the balance is transferred to a new sheet, and the old one is filed away. At the end of the year these sheets are bound and constitute an individual ledger for the year.

The loose-leaf system has two special advantages, namely, the dead or inactive accounts are easily and readily set aside and a proof is quickly made at the end of the day by writing the balances on an adding machine.

The introduction of adding and duplicating machines has greatly enlarged the use of loose-leaf devices, and tends to lessen the labor involved in handling many details.