The individual ledgers are the books upon which the detail records of the deposits are kept. Such records consist of either debits or credits and the balance. Modern ledgers allow three columns to each account, one for debits, one for credits and one for the balance, although many banks still use the two-column ledger, the credits being posted beneath the balance, which is extended in ink or perhaps only in pencil. Bound ledgers are gradually giving way to loose sheets or cards, each account having a separate leaf or card. This plan is much more convenient, since closed or "dead" accounts can be eliminated and inactive accounts can be kept separate from those that are active. It is also easier to make alphabetical divisions of the ledgers when an increase of work makes it necessary. While there are several bookkeeping systems employed by banks, they are all alike in principle, and vary only because the business of the customers warrants different labor-saving methods on the part of the bank. For example, active commercial accounts require considerable posting of checks and deposit tickets daily and the balances are constantly changing. Savings banks, on the other hand, deal with a class of people who make deposits only at irregular intervals and withdrawals are also infrequent. A more complete description will be made of both the General and Individual Ledgers in a subsequent chapter.

Typical Receiving Teller's Proof

Debit

Transit Department.................

$52,188.17

Self Checks, Individual A-K.

32,111.18

Ledger L-Z....

46,350.89

General Ledger.

24,689.17

Paid to

Paying teller.................

51,357.91

Note Teller.................

5,000.00

Mail Teller.................

........................

City Collection Dept........

12,380.00

Clearing House Exchanges. .

114,790.85

Total .................

$338,868.17

Credit

Date

Deposits

Individual A-K..................

$150,218.09

L-Z ...........

142,111.20

Banks.......................

40,936.20

Received from

Paying Teller.......................

972.17

Note Teller................

1,234.16

Mail Teller.................

846.35

Exchange Teller (Drafts

Sold) ................

2,500.00

City Collection Dept........

50.00

Total..................

$338,868.17

Typical Paying Teller's Proof

From yesterday's settlement:

(Itemized as to denominations)

Vault Cash....................

$58,222.00

Paying teller's cash....................

41,922.16

Cash from receivng teller..................

40,014.57

Cash from note teller.........................

12,103.10

Clearing house credit balance .........................

72,103.15

Total receipts...........................

$224,364.98

Charged to ledger, A to K.....................

$44,622.10

Charged to ledger, L to Z............................

31,203.15

Charged to general ledger (bank accounts, etc.)..........................

20,403.16

Checks to receiving teller..................................

4,322.79

100,551.20

Cash balance...............................

$123,813.78

Vault Cash...................................

$64,500.00

(Changes in this item during the day might be noted on a separate sheet)

Gold .........................................

10,500.00

Legal tenders.................................

24,250.00

National bank notes............................

7,550.00

Gold certificates...............................

5,000.00

Silver certificates..............................

4,772.00

Silver dollars .................................

6,278.00

Fractional .............. .....................

963.78

To next settlement...........................................

$123,813.78