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Bookkeeping: Banking | by George W. Miner



As banking is a highly specialized subject, it is treated in a separate book.

TitleBookkeeping: Banking
AuthorGeorge W. Miner
PublisherGinn And Company
Year1913
Copyright1913, George W. Miner
AmazonBookkeeping: banking

Moore And Miner Series

Bookkeeping: Banking
-Preface
As banking is a highly specialized subject, it is treated in a separate book. A reference to the Contents will show the practical character of the work presented. The revised edition has been read ...
-The Utility Of Banks
A Bank, in its simplest form, is an institution for the safe-keeping of money; but the commercial bank of to-day is designed to render the public many varied and important services. The general uti...
-National Banks
Distinguishing Features. - Some of the distinguishing features of a national bank may be stated as follows: 1. It is organized under the National Bank Act. Note. - Authentic information with ref...
-Corporate Powers Of And Restrictions On National Banks
The Powers possessed by national banking associations may be enumerated as follows: 1. To adopt and use a corporate seal. 2. To have succession for twenty years, unless sooner voluntarily dissol...
-National Bank Officers And Clerks
Officers. - The officers of a national bank are chosen by the board of directors to superintend and direct its affairs. These are usually: President. Vice President. Cashier. Assistant Cas...
-Propositions Illustrating The Opening Entries Of A National Bank
1. (a) A national bank is organized with a capital stock of $300,000. (b) The capital stock is fully paid in. (c) Also a surplus fund of $50,000 is created and paid. (d) United States bonds with a par...
-Trust Companies
Organization. - Trust companies are in reality banking institutions organized under and subject to the laws of the different states. The Business of Trust Companies ranks among the important activi...
-State Banks
Organization. - State banks are organized under and subject to the regulations and restrictions of the banking department of the particular state in which they are located. The preliminary steps neces...
-Private Banks
Organization. - Private banks are organized in the same manner as ordinary partnerships. They may belong to an individual or a firm. Functions. - The business of private banks varies in different l...
-Commercial Bank Review Questions
1. State the principal functions of a commercial bank. 2. Briefly outline the principal advantages of making payments by the ordinary bank check. 3. A business man is about to pay a bill of $49....
-Bank Bookkeeping
Object. - The purpose of bank bookkeeping is to set forth first, what assets are in the possession of the bank; and second, to whom these assets ultimately belong. The form of record is of secondary i...
-Work Of The Discount Clerk
The records of the discount clerk are to be examined first. These records are found principally in the discount register and discount tickler. The Discount Register contains a full record of all pa...
-Tickler
Feb. 15, 19___ BY WHOM DISCOUNTED AMOUNT TO BE COLLECTED CK. REMARKS Decker Bros. 7500 ...
-Collection
WHEN LEFT NO. PAYER INDORSER WHERE PAYABLE Feb. 16 610 C. W. Young Union ...
-Work Of The Collection Clerk
The records of the collection clerk are now to be examined. They are found principally in the collection register and collection tickler. The Collection Register contains a record of all commercial...
-Collection. Monday
NO. PAYER WHERE PAYABLE TO WHOM SENT 590 C. W. Gray Our Bank 592 L. 0. Sweet...
-Collection. Monday. Continued
3. Arbitrary rates in vogue in some banks. 4. A charge, by some banks, on time paper, but no charge on cash paper. 5. The size of a depositor's bank balance. The heaviest depositor usually gets ...
-Work Of The Receiving Teller
The records of the receiving teller in this set are to be found on the receiving teller's daily check sheets. The following is the form of check sheet and proof to be used in this work. (See page 9...
-Cashier's Check
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. Salis...
-Work Of The Paying Teller
The records of the paying teller in this set are to be found on the paying teller's daily check sheets. Paying Teller's Daily Check Sheet and Proof. - A great variety of forms of this sheet is used...
-Receipts
1. Balance on hand from the previous day's proof. 2. Bills and coin received from the receiving teller at the close of the previous day's business. 3. Bills and coin received from the note telle...
-Payments
The items on this side are self-explanatory, since they are merely the footings of the payments on the check sheet summarized. The cash on hand is the total bills and coin in the possession of the pay...
-Transactions For The Paying Teller, March 1
Take the blank for paying teller's daily check sheets and enter the following transactions. Study very carefully the form given on pages 32 and 33. Consult your instructor if you need to. 1. Checks...
-Work Of The Note Teller
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 p...
-Work Of The Correspondence Clerk
The province of this clerk is to keep the accounts of all the out-of-town banks with whom we have dealings. All cash items received from or sent to these banks are handled by this clerk, and so kept e...
-Out-Of-Town Banks Ledger
Bank, New York CHARGED LEDGER STATEMENT OF THE ACCOUNT WHERE PAYABLE DATE OF PAPER AMOUNT DEBIT BALANCES CHARGE...
-Draft Register
Drafts on Chemical National Bank, New York City DATE CK. NO. AMOUNT /9 - F...
-Form Of Charge Ticket
The Traders National Bank Boston, Mass., June 2, 19- Charge Chemieal Aat'l Bank,A.Y. #750 7500 Meehan Aat 'l Bank, Buffalo- ...
-Work Of The Individual Bookkeeper
The work of this clerk is to be found in the individual ledger. The Individual Ledger contains all the accounts with depositors. It is a book of original entry for the various cash transactions whi...
-Individual Ledger
MONDAY, FEB. 15, 19_ TUESDAY, FEB. 16, 19- NAME BALANCE CHECKS IN DETAIL TOTA...
-Individual Ledger. Continued
Extend the sum of the checks drawn by each depositor into the Total Checks column of the individual ledger. Foot the Checks in Detail, Total Checks, and Deposits columns. The sum of the Total Checks c...
-Work Of The General Bookkeeper
The records of the general bookkeeper are principally found in the general balance ledger and general cash book. The General Balance Ledger contains a summary of the entire operations of the bank, ...
-General Monday
F ACCOUNT AND EXPLANATION COLLECTION AND EXCHANGE OUT-OF-TOWN BANKS GENERAL TOTALS Balance On hand ...
-Cash Book
Feb. 15, 19___ F ACCOUNT AND EXPLANATION OUT-OF-TOWN BANKS GENERAL TOTALS 3 Bills Discounted Disc. R. ...
-Cash Book. Part 2
No. 809. Draft dated Jan. 8, at 60 days from date, on Trenholm Bros., payable at Briggs Bank, Westfield, for $2152.90. To be collected for Farmers Bank, Albany. No. 810. Draft dated Jan. 8, at 60 d...
-Cash Book. Part 3
Postage, $12.50 ; stationery, etc., $25.90 ; blank books, $142.60. The items for the Sundry Receipts column are as follows: Bills and coin from yesterday's proof, $237,804.92; bills and coin rec...
-Rule And Foot The Discount Tickler
Advices have been received that the following collections have been paid. Make records in the collection tickler for these collections. In the Remarks column write: For No. 723, Charged to Chemical...
-Form Of Letter To Accompany Paper Remitted For Collection And Credit
C. H. Thurber, President J. W. Mace, Vice President Chas. W. Hamilton, Cashier Merchants National Bank Boston, Mass., Feb. 3, 19. E. W. Peabody, Esq., Cashier Tecand National Bank Ne...
-Letter Requesting Immediate Returns
W. J. MILLER, President J. H. MERRILL, Vice President D. M. GOSNELL, Cashier The Commercial National Bank Boston, Mass., Feb. 7, 19__ Mr. W. a. Hinman, Cashier National Bank of Commerce...
-Letter Requesting Immediate Returns. Part 2
No. 936. Note of M. O. White, at two months from Feb. 1, payable at Traders National Bank, Buffalo, discounted for D. E. Avery, for $9000. Collection and exchange, $9. Proceeds credited. No. 937. N...
-Letter Requesting Immediate Returns. Part 3
4. Checks on banks in our city not members of the clearing-house association: Powers Bank, $400. Sold the following drafts on Chemical National Bank, New York. 1. Sold for check: E. L. How...
-Letter Requesting Immediate Returns. Part 4
To Fourth National Bank, Chicago. Draft of Briggs Bank, Westfield, dated Feb. 23, on Commercial Bank, Chicago, indorsed by Powers & Sprague, for $50.32 ; draft of Merchants Bank, Providence, dated ...
-Closing The Banking Set Inventories, March 3, 19__
Real Estate: Banking house and lot $27000 Furniture and Fixtures: Estimated value $12500 United States Bonds: At cost ...
-Statement Of Commercial National Bank
Resources Cash 305107 32 Bills and Coin 24370...
-The Clearing House
A Clearing House is an institution organized by associated banks to simplify and facilitate daily exchanges of items and settlements of balances resulting from such exchanges. Many clearing-house a...
-Exchange Slip. Commerce
FROM NO. 24 Date Feb.16, 19__ 5240 750 900 10 7565 ...
-Settling Clerk's Statement No. 37. National Bank Of Redemption
Tuesday, May 20, 19_ NO. BANKS FIRST DEBIT ADDITIONS TOTAL DEBIT BANKS CR. NO. 1 Massachu...
-Credit Ticket
No. 21. Boston Clearing House Feb. 16, 19 -Credit National Exchange Bank $ 1,302,234.41 F. H, Bender, Settling Clerk How Non-Members clear. - Besides the regular members, there are a numbe...
-Boston Clearing House Proof
Tuesday, May 20, 19 - NO. BANKS BALANCES DUE TO CLEARING HOUSE EXCHANGES BALANCES DUE TO THE BANKS NO. BA...
-Form Of Balance Ticket. Balance Ticket
No. 1. Boston Clearing House Feb., 16, 19_ Dr. Massachusetts National Bank, Am't Rec'd, $245,137.32 Cr. Am't Bro't, $302,234.41 Balance $-----------due Clearing House, $ Balance d...
-Form Of Manager's Receipt. Receipt Ticket
No. 50. Boston Clearing House March, 3, 19 - Received from COLONIAL NATIONAL BANK Twenty-seven Thousand Nine Hundred Sixty 54/100 Dollars in full for balance due the Clearing House. $27,96...
-Letters Of Credit
Definition. - A letter of credit is an instrument issued by a banker, and addressed to his correspondents in specified places, by which a named person may draw funds in amounts to suit his convenience...
-The Reverse Or Back Of The Letter Of Credit
Indorsements once made hereon, of payments, must be allowed to remain without alteration or erasure. Care should therefore be taken to understand exactly about payments desired, before inscribing amou...
-Review Questions
1. Briefly outline the duties of the discount clerk. 2. When is collection and exchange charged on paper discounted? 3. When paper is accepted for discount, upon what book is it first entered? 4. E...
-Appendix A. Notes On Forms Of Record
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 ba...
-Reconcilement Form
The First National Bank of Chicago, III. In Account with________Potomac National Bank________, of Baltimore________ (Please write the Name and Address here) To H. L. Droegemueller, Auditor ...
-Certificate Of Protest. Commonwealth Of Massachusetts/ County Of Suffolk City Of Boston
On the tenth day of December, in the year of our Lord one thousand nine hundred and Twelve, F W. a. Witler, Dotarp Public, duly admitted and sworn, and practicing in said Commonwealth, at the request ...
-Fees
Noting Non-Acceptance . . . Postage......... Protesting for Non-Payment Postage..........04 W. a. Witler $ 1.54 Notary Public Notice of Protest Commercial National Bank Boston, Mass....
-Appendix B. Commercial Terms Defined
Acceptance The name of an accepted draft; an agreement, by signature, to the terms named in the draft. Account Current An open or a running account; a detailed statement of transactions betwe...









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