Many banks use very large ledgers with a page or more for each customer and with spaces on each ledger page for ten to fifteen securities. The vertical columns on such ledger pages are usually something as follows:

Date

Security numbers

Received (Par value of Securities received)

Withdrawn (Quantity withdrawn)

Balance In this ledger, securities are usually given unit values, one unit for each share of stock or fraction thereof, and one unit for each dollar par value of bonds. In other words, one share of stock would be one unit and a $1,000 bond would comprise 1,000 units. Market value is ignored on this record. A better ledger record is probably that on which each security is given a separate page. This is epecially true where many of the accounts have a large variety of securities, as it is well always to have securities kept alphabetically under the customers' name; otherwise the record for each security is not so accessible. Under either arrangement, of course, all receipts are entered in the received column and all withdrawals of securities are entered in the withdrawn column, the balance on hand being the difference between the two.