Chapter V

48. How would you proceed to formulate a process of figuring the reserves required under the law?

49. Describe a form of reserve record.

50. How do the Comptroller of the Currency and state superintendents of banks know the condition of institutions under their charge?

51. What are the different items required in the reports to the New York Clearing House and State Superintendent of Banks?

52. What is a stock ledger? Why is it kept?

53. How should cancelled certificates of stock be filed?

54. Describe a form of stock transfer book.

Chapter VI

55. What is a certificate of deposit ana what financial institution makes the greatest use of them?

56. What kind of record of certificates of deposit would you keep in a small bank?

57. Describe a form of record to be kept outside the general ledger.

58. A certificate of deposit for $100,000, carrying interest at the rate of 3 1/2 per cent. per annum will not be due until one year from date. What provision would you make for accrued interest?

59. A holder of a certificate of deposit for $5,000 presents it and requests a partial payment of $1,000. It has been running for two months and carries interest at the rate of 3 per cent. per annum. What course would you pursue?

60. How would you file paid and cancelled certificates ?

61. What is a cashier's check? Show standing in liabilities.

62. Why does a bank receive deposits?

63. Describe the old style ledger.

64. Describe the Cincinnati ledger.

65. Describe the interest ledger.

66. Describe the three column Boston ledger.

67. What is the most compact form of ledger? De scribe it.

68. Describe a form of record keeping for calculation of interest where Boston ledgers are used.

69. What are some of the important advantages of the Boston principle? When using a Boston ledger, how would you provide for recording the detail of the accounts?

70. Describe a card ledger.

71. What are the advantages and disadvantages of loose leaf ledgers?

72. What is a good substitute for a loose leaf ledger?

73. How would you prove a Cincinnati ledger with the general ledger? A Boston ledger with the general ledger?

74. How would you provide for inactive accounts on a Boston ledger?

75. What is a certified check?

76. What is its standing in the liabilities?

77. Give an example of a good record for certified checks.

78. How would you prove the certified check register with the general ledger?

79. If a certified check is lost or destroyed and the depositor makes a request to have the amount thereof credited to his account, what course would you pursue ?

80. What are debit and credit books and for what purpose are they used?

Chapter VII

81. What are the duties of the paying teller? How are bills arranged for convenience in handling?

82. Describe methods of arranging coin.

83. Who should pass on signatures of checks?

84. What is meant by a stop payment notice? Who should be responsible for refusing checks on which payment has been stopped?

85. Suggest a good method of handling the clerk's pay roll.

86. Describe the precautions which should be used in the shipment of money.

87. Discuss the paying teller's records.

88. What are the duties of the receiving teller?

89. What are the items which make up the total of deposits?

90, 91 and 92. Describe the method of listing items for the clearing house. Route items. Checks on selves.

93. What debits are made by the receiving teller?

94. Who acknowledges receipt of items left for collection and how is it done?

95. How long should the receiving teller hold the cash he receives?

96. What are the duties of a note teller?

97. Show by illustration, a sight draft. A sight draft after acceptance.

98. What is a time draft ?

99. Discuss collateral drafts. What would you do with collaterals attached to a draft in case of delay in payment or acceptance?

100. What are the duties of messengers?

101. What records should be kept by the note teller?

102. What are the duties of a mail teller?

103. What information should a remittance letter contain?

104. What kinds of items may a mail teller receive and how does he dispose of them?

105. What is the loan department?

106. Name the different kinds of loans.

107. What is a discount? Illustrate by example.

108. Describe three forms of notes.

109. What is an offering book?

110. Describe various ways of posting discounts.

111. What is a discount tickler? How may the tickler and journal be combined?

112. What is a bill book? Show a form.

113. What is the best method of filing notes?

114. Describe the method of collecting notes when due.

115. What is an (endorsement ? Name and discuss the different kinds.

116. What precautions should be taken in accepting the signature of an officer of a corporation?

117. May a corporation endorse for accommodation? Why?

118. Define single name paper. Double name paper.