This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
The following are the more important auxiliary loan records affected by the making of a loan. No attempt is made to suggest the most desirable size, shape, or arrangement of these records. The only purpose is to give the more important data which should appear on them:
1. Register of Loans made or Loan Journal - a book of original entry.
Loan Number | Amount of Loan | Name of Borrower | Check Number | Customer's Account | Cashier's Check Account |
271 | 1,200 | W. Byrnes | 506 | 1,200 |
2. Loan Card - a card for each loan is used for convenience in handling loans.
Amount of Loan | $1,200 |
Date Loan made | June 30 |
Loan No. | 271 |
Name | W. Byrnes |
Address | 16 Worth St., City |
Rate | 6% |
Collateral | $1,200 Victory 4 3/4 % due 1923 |
3. Loan Envelope - this is usually a durable container for the note, collateral, and correspondence, showing on its face the following:
Borrower | W. Byrnes |
Loan No. | 271 |
Amount | $1,200 |
Date made | 6/30/1922 |
Collateral | $1,200 Victory 4 3/4 % due 1923 |
4. Loan Ledger - this shows all loans classified by borrower, and the interest status of each.
Borrower W. Byrnes Address 16 Worth St., City | ||||||||
Date | Loan No. | Loans Made | Loans Paid | Bal. | Rate | Interest | ||
Date Due | Amount | Date Paid | ||||||
6/30 | 271 | $1,200 | $1,200 | |||||
Large banks doing both a demand and a time loan business with the same customer would have a liability ledger also, showing the current amount of all kinds of loans under each borrower. Separate loan ledgers and separate general ledger accounts would be used for each class, that is, time and demand loans. 5. Maturity Tickler showing the loans maturing each day.
September 28 | ||||
Date of Loan | Name | Loan No. | Amount | Disposition |
6/30 | W. Byrnes | 271 | $1,200 | .... |
 
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