Retrieved from “www.archive.org Yesuda, Konoike, Thirty-second National Bank, Im- perial Commercial Bank, Kawanaki, Tokai, Forty-first National Bank, Seventy-seventh National Bank, and Seventy-eighth National Bank. This list includes only those banks which have been previously designated in this description as head offices. 340 CLEARING-HOUSES The following abstract of the rules and regulations of the Tokio Clearing-house [...]

Retrieved from “www.archive.org at the clearing-house, and then, after the exchanges had taken place, to borrow and loan their balances. The custom found favor with the banks and has gradually grown to such considerable propor- tions that some sixty per cent, of the total balances are now settled in this way. On the floor of [...]

Retrieved from “www.archive.org that may come to his notice. He holds office until the next annual election, but is liable to suspension by the clearing-house committee or expulsion by the association. The clearing-house committee consists of five members and is elected by majority vote by ballot at the annual meeting of the association. Upon this [...]

Retrieved from “www.archive.org Statement (New York) . . .183 Form of “Second” Ticket (New York) 185 Form of Proof Clerk’s Sheet (New York) . . .187 LIST OF ILLUSTRATIONS xiii PAGE Form of Settling Clerk’s Report to His Bank of Daily Balances (New York) 189 Manager’s Receipt (New York) 191 Form of Gold Certificate Face [...]

Retrieved from “www.archive.org River, settle, more or less, by draft on New York. Settlement is also made by draft on some of the larger interior cities, as Detroit and Omaha. CHAPTER VII CLEARING-HOUSE EXCHANGES Location of Clearing-houses Arrangement of Furniture Hour of Making Exchanges Clearing Matter Character of Indorsements Messengers and Settling Clerks Con- ducting [...]

Retrieved from “www.archive.org balances at the clearing-house, no procuring of legislation relative to banking, no clearing- house loan certificates, and no bracing up of weak members are known to the Canadian clearing-house associations. It has been left to the Canadian Bankers’ Association to do whatever is possible in securing proper legislation for the banks. The [...]

Retrieved from “www.archive.org of such items and readjust the clearing-house statement and declare the correct balance, in conformity with the change so made, provided such report is given to the manager before i o’clock of the same day. All checks and notes, drafts, and bills of exchange, when certified by the banks on the previous [...]

Retrieved from “www.archive.org of the latter’s obligations to the association was a justifiable procedure. The receiver of the Keystone National Bank finally appealed the case to the Supreme Court of the United States, and in March, 1897, a decision was rendered in favor of the clearing- house committee. CHAPTER XIV THE BOSTON CLEARING-HOUSE Formation and [...]

Retrieved from “www.archive.org Association of Philadelphia, at which time the following resolution was passed : ” Resolved, That in accordance with resolution of Sep- tember 24, 1873, as amended October 18, 1873, the clear- ing-house committee will issue loan certificates to banks applying, and receive them in payment of balances.” The resolution of September 24, [...]

Retrieved from “www.archive.org sums less than one thousand dollars, which may be paid in bills of the debtor banks.” Although coin is specified as acceptable in the payment of balances, it is tacitly agreed that no silver will be used, owing to its great bulk and consequent inconvenience. National bank- notes are not acceptable, nor [...]