The money amount of the balance column of the bond ledger, which is reduced from time to time by sales and, as will be shown, by applications from undivided profits in consequence of depreciating values, should agree at all times with the general ledger, specifically with accounts numbers 4, 5, 6, 7 and 8 of the trial balance. This will become clearer as we proceed. The bond ledger just described is used for all security accounts. Bonds pledged with Governmental authorities and others are not ordinarily credited on the bond ledger like sales; notations made on the ledgers show the fact of pledge and that is really sufficient because the securities are still owned by the bank.