Boston, Mass., feb. 12, 19____No. 720

The Natlonal Bank of Redemption

Pay to the order of gray, Dunkle, V Co. $ 1294,45

Twelve Hundred Ninety-four 45/100 ...............Dollars

D. m. Salisbury.

Cashier

Nature of Deposits. - As deposits come in from customers they may consist of any one, or all, of the following items:

1. Currency.

2. Orders payable through the clearing-house association.

3. Orders payable out of town.

4. Orders payable by our bank.

5. Orders payable by bankers in our city not members of the clearing-house association.

Classifying Items on the Deposit Ticket. - As a deposit comes in, the receiving teller places the deposit ticket before him and proceeds to count the coin and bills. If they are found to agree with the amounts on the ticket, a check mark (√ ) is placed at the left of the items listed.

Each check, draft, or other bankable instrument is then carefully examined to see if it is properly indorsed. If this paper is approved, it is next checked off and classified on the deposit ticket as follows:

1. If payable by a bank which is a member of the clearing-house association, the clearing-house number of that bank is written at the left of the item.

2. If payable by an out-of-town bank, a cross (X) is written at the left of the item.

Note. - Sometimes deposit tickets are provided with a separate column for items payable out of town. In such cases the out-of-town items are sufficiently classified when the deposit ticket comes in to the receiving teller.

3. If payable by a city bank not a member of the clearing-house association the letter O is written at the left of the items.

Note. - 0 is intended to signify Office, a term meaning that the paper is payable at some banking or business office in the city instead of through the clearing-house association. These items are sent by runners and payment received in cash or by an acceptance payable at a clearing-house bank. If the paper is accepted instead of paid, it is returned and entered with the exchanges for the clearing-house association for the following day.

4. If payable by our bank, the letter B is written to the left of the items.

Deposited In The Natiuonal City Bank By Newman V Band

Boston, Feb 15, 19-

Transactions for the Receiving Teller, March 1

Take the blank for receiving teller's daily check sheets and enter the following deposits. Study very carefully the form given on page 27, and if you do not understand any point, consult your instructor. The nature of the deposit in the following transactions is indicated by the characters just explained.

Decker Bros., √ $600, B $1500, B $720.50.

Mace,Gilmore & Co., √ $720, √ $400,# 61 $1290, #4 $1500, #31 $650. Spencer, Mead & Co., B $1250.20, B $340.20, x $1340.20, x $1343.46, X $342.90 ; less collection, $2.75.

D. B. Roberts, V$120, √ $60, #32 $950.60, O $1625, B $72.60. Fernald, Son & Co., √ $725, B $650.60, O $900, x $1750 ; less collection, $1.75.

W. I. Pratt, V$120, B $1625, X $1900; less collection, $1.90.

F. E. Sherman, O $156.90, B $1750, #15 $165.90, √ $7200.

C. E. Denison, x $1590.60, √ $2500, B $200, #12 $1560; less collection, $1.50.

Thomas Bennett & Co., √ $400, B $262.90, B $40.50, B $200, #60 $4126.20, #11 $2142.10, #5 $1462.90, #3 $2460.10, x $1325.62, X $1462.91, X $142.10; collection, $2.25, paid in cash.

Note. - When the collection charges on any paper deposited are paid in cash the amount is not deducted from the deposit slip. On the receiving teller's sheet the items of deposit and collection charges are entered as usual, and, in addition, the amount of the collection charges is written in the Currency column.

E.L.Howard, √$1450, B $1242.10, X $1121.40, X $24.16, X $142.60; less collection, $1.25.

Charles J. Kennedy, √ $350, #17 $1210, #27 $1620.40.

E. V. Buckley & Son, x $621.40, X $340, X $4000; less collection, $1.

Foot the columns of the receiving teller's daily check sheet. The sum of the first five columns should equal the sum of the last two.

Make out the Recapitulation and Proof blank. Bills on hand, $10,760; coin, $987.25. You have given to the paying teller during the day $2900. The remaining items of the proof are taken from the receiving teller's daily check sheet footings.

The debit and credit sides of your proof should balance.

Submit the receiving teller's work to your instructor for approval.