Tuesday, May 20, 19_

left blank to be filled out at the clearing house when each settling clerk has received from the various members all the items to be paid by his bank. When the exchange slips have been completed, and the amounts have been transferred to the settling clerk's statement, each slip is attached to the package of items which it represents.

Note. - The Boston banks have the settling clerk's statement arranged with four columns, but these banks usually make use of but two columns, as shown on page 84. Where but two columns are used only the final totals of the exchange slips are copied on the settling clerk's statement.

The Check Ticket. - The amounts of the exchange slips are also entered on Check Tickets. A check ticket is made out for each member of the clearing-house association and delivered to the proper settling clerk at the clearing house to enable him to check off the amounts he receives from other banks, in case there is an error.

The Credit Ticket. - Before going to the clearing house the settling clerk foots and proves the Total Debit column of the settling clerk's statement. If this footing is correct it should agree with the totals of the clearing-house checks on the receiving, paying, and note tellers' and correspondence clerk's daily check sheets. When this footing has been proved correct the settling clerk enters it on a Credit Ticket.

No. 26

Eliot National Bank

From No. 51

Fourth National Bank $ 282,301.90

Form of Credit Ticket