This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ...used for Rochester, whose population was 218,000, the next largest city in the State. Memphis was selected owing to the scarcity of reserve cities in the South and on account of its importance as a collecting center and also to permit the use of Clearing House numbers for Nashville, with a population of 110,000, the ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ...used for Rochester, whose population was 218,000, the next largest city in the State. Memphis was selected owing to the scarcity of reserve cities in the South and on account of its importance as a collecting center and also to permit the use of Clearing House numbers for Nashville, with a population of 110,000, the next largest city in the State, and which is also an important collecting center. METHOD OF NUMBERING.--The forty-nine cities have been numbered according to population as shown by the census of 1910, so that the largest cities have the small numbers. This plan reduces the labor of registering items in the transit department to a minimum as a large proportion of items are drawn on these cities. For example, a certain New York bank may be designated 1-8, a Chicago bank 2-1, a Philadelphia bank 3-39. Thus every bank in the United States is assigned a distinctive number, the prefix denoting the geographical location and the second or suffix number denoting the name of the bank. These numbers, read directly from the face of the check or endorsement stamp, are substituted for names and adresses in making transit or other records. The extent to which the numbers may thus be used is a matter for each individual bank to determine for itself in accordance with its accounting system. It is imperative, however, that all checks, drafts and endorsement stamps should show the numbers, so that every bank that cares to do so can make use of this time and labor-saving system. CLEARING HOUSE NUMBERS.--By the use of individual numbers for the forty-nine cities the banks in forty-eight other cities can be designated by their Clearing House numbers. For instance, in New York State three cities have been given numbers of their own, namely, New York No. 1, Buffalo No....
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Add this copy of Standard Banking to cart. $28.95, very good condition, Sold by Finger Lakes Cottage Books rated 5.0 out of 5 stars, ships from Rochester, NY, UNITED STATES, published 1921 by American Institute of Banking.
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Seller's Description:
Very Good/No Jacket. 8vo-over 7¾"-9¾" tall Presumed First Edition. 1921. Tight binding, good boards, faint crease to cover board. Clean, lightly yellowing pages, no marks or writing inside. A study course produced by the American Institute of Banking dealing with banking principles and practices. Contents include credit, banks and banking, collections, loans, collateral, agricultural loans, stocks and bonds, international exchange, and systems of banking.
