The Duties of the note teller are difficult to define, since there is a wide difference among banks as to the work assigned to this clerk. In nearly all banks, however, he is required to present for payment such notes, acceptances, coupons, etc., as are due and payable in the city, and to collect the city office items turned over to him at the close of each day by the receiving teller, paying teller, and correspondence clerk. The Runners of the bank are generally under the supervision of the note teller. These runners are assigned a definite route, which they cover daily, and present for payment or acceptance such paper as may be allotted to them. They keep a route book, in which is recorded a full description of such paper.

The Note Teller's Records. - As a rule the charge and credit tickets, letters, or other memoranda which affect the general ledger, the credit tickets for the proceeds of bills discounted, and collection items for the individual ledger pass through the note teller's hands before reaching the general and individual bookkeepers. To make this work as simple as consistent with approved banking practice, we have deviated from this plan to the extent of deferring these items until the enumeration of the memoranda for the general and individual bookkeepers' transactions is given on subsequent pages. The note teller's daily check sheets and proofs will therefore be omitted. The sagacious student, however, would soon perceive the offices and possibilities of these sheets in banks making use of them.

Charging Notes to Out-of-Town Banks - Notes and drafts discounted, payable out of town, are usually sent away for collection about ten days before they are due. At the maturity of these notes and drafts they are charged to the banks to which they are remitted, without waiting for letters advising collection.

Each morning the discount clerk takes the bills discounted, payable in the city and falling due on that particular day, from the note file and compares them with the items listed on the discount tickler, after which they are handed to the note teller for collection. As the paper is disposed of a record is made in the Remarks column of the discount tickler.

Make the proper records in the discount tickler for the paper disposed of to-day. In the Remarks column write:

For No. 889, Charged to Pratt.

For No. 866, Charged to Traders National.

For No. 842, Charged to Traders National.

For No. 893, Certified, M. N. B.

For No. 901, Certified, E. N. B.

Note. - Nos. 866 and 842 will be charged to the banks specified at their face. It is customary with banks not to make any record of collection and exchange on such items until the bank to which the notes were remitted sends notice of collection.

Rule and foot the discount tickler. (See model, pages 16 and 17.) Each morning the collection clerk proceeds, in much the same manner as the discount clerk, to turn over to the note teller the collections payable in the city and falling due on any particular day. As this paper is disposed of a record is made in the Remarks column of the collection tickler.

Make records in the collection tickler for the paper disposed of to-day. In the Remarks column write: For No. 744, Paid, 3/1. For No. 755, Paid, 3/1. Collections are not charged to the banks to which they are sent until a report of collection has been received. Farmers Bank, Albany, reports that collections 650 and 702 have been paid and placed to the credit of your account. In the Remarks column of the collection tickler write: For No. 650, Charged Farmers Bank, 3/1. Bank's collection, $1.75; our collection, 75e. For No. 702, Charged Farmers Bank, 3/1. Bank 's collection, $1.20; our collection, $3.

Form of Letter advising of Collections Credited

John O. Norris, President Robert Hall, Vice President

L. H. Pierson, Cashier

National Exchange Bank

Albany, N.Y., Feb. 12, 19___

MR. Chas w. Hamilt, Cashier

Merchants National Bank

Boston, Mass.

Dear Sir, - We credit your account this day for the proceeds of collections as stated below. Respectfully yours,

L. H . Pierson, Cashier