This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
The receiving teller's settlement is very simple. He begins the day without any funds. As deposits come in he lists them as to totals on a scratcher, writing the name of the depositor opposite the amount, or, under a more modern system, includes this record on his block proof. At the end of the day the totals of the checks he has received and charged to the different departments of the bank according to place of payment, plus the cash he holds, must equal the total deposits for that day. Settlement being made, he then turns his cash over to the paying teller, who usually does not count it until the next morning. In many banks the receiving teller acts as the "clearing house" for the other departments. For instance, checks on other institutions will be cashed by the paying teller, or given to the loan clerk for payment of notes, or paid to the loan clerk for loans, or the bank's draft on another city may be bought with a personal check. All these departments may give over such receipts to the receiving teller, who adds the totals to his individual deposits in making his settlement. Charge and credit tickets would be handled similarly. The student should keep it clearly in mind that such work is incidental to the business, and it does not follow that because it may be the note teller, paying teller or some other clerk who does this internal accounting for various kinds of receipts, that his bank is "different."