Deposits in the broad meaning are created from: (1) actual cash, (2) credit instruments left by customers, and (3) credit extended by the bank itself. Discussion of the third type will be deferred until the following chapter, while, for the present, attention is directed to the subject of deposits in the sense of actual property or titles to property left with the bank by its customers. Such deposits constitute the very foundation on which a bank is able to erect its structure of credit, for without sufficient deposits of cash or cash items it would be impossible to grant loans to borrowers. From this viewpoint of deposits, the chapter will consider their classification, the relation between bank and depositor, the opening of accounts, inducements offered to secure new customers, and the payment of interest on deposits.