Retrieved from “www.archive.org department, Boston 251 reorganization of Tokio 337 report of committee on foreign department, Boston 246 requirements for membership in Chicago 264 INDEX 357 Clearing-house resolution adopted by collecting banks, foreign department, Boston 25 1 restricted endorsements, Chicago 278 restrictions of membership, Chicago 279 retirement of members, Tokio 343 routine of exchange, Chicago [...]

Retrieved from “www.archive.org Average Amount on Deposit with other New York City Banks and Trust Companies, Average Amount of Deposits, Correct NEW YORK CLEARINGHOUSE. Please send a copy of the Weekly Statement of your Company to the Clearing-house at the close of business on Friday of each week. WILLIAM SHERER, Manager. Form of Statement Required [...]

Retrieved from “www.archive.org legal tender certificates from the assistant treasurer, the same to be used in the settle- ment of clearing-house balances and to be negotiable only among the members of the clearing-house in the city where they are issued. At Philadelphia these certificates are issued in denominations of five thousand dollars and ten thousand [...]

Retrieved from “www.archive.org the large clearing-houses provide for a depository to receive in special trust such United States coin as any of the banks belonging to the associa- tion may voluntarily deposit with it for safe-keeping, upon which certificates may be issued, to be used in the settlement of clearing-house balances. Such certificates are usually [...]

Retrieved from “www.archive.org a regular system of rates of charges on collections is enforced. On collections out of town a charge is made of twenty-five cents per one hun- dred dollars or under, and ten cents for each additional one hundred dollars or fraction thereof. A similar charge is imposed for remitting for collection in [...]

Retrieved from “www.archive.org 3.0U2.000 1163000 1.206.KOO 3.708.000 2.237,000 1.0.000 5.449,000 2.V72.000 1.28.’.000 942000 4.695,000 2.188000 6.15H.OOO 3780000 944.000 2,34i.OOO 5.653.000 1860000 2493000 4.414.000 3.5S9.000 1929000 780.000 2.024.000 722.000 10.665.000 3,24.000 1946.000 l.lhfi.OOO $270.000 89000 1.132,000 358,00(1 46000 46.000 134.000 45.000 311.00″ 45.000 45.00U 45.0110 270.00U 45.000 46.000 209000 45.0011 44000 33.00O 43.000 46.000 89000 90.000 [...]

Retrieved from “www.archive.org may CLEARING-HOUSE TERMS 9 mean either the act of settling, or that which is accom- plished by settling. A bank’s clearing-house settlement therefore means an adjustment or payment of the differ- ence between the debit and credit side of the account, and further designates either a receipt or a disbursement, as the [...]

Retrieved from “www.archive.org in case of a second violation of these rules and regula- tions, any collecting bank may also, in the discretion of the association, be excluded from using its privileges directly or indirectly, and, if it is a member, expelled from the association. ” Section 6. Every collecting bank, as defined in Section [...]

Retrieved from “www.archive.org committee addressed to the cash- iers of the several associated banks the following com- munication : ‘ The undersigned beg leave to advise you that they have accepted the appointment extended to them by the meeting of the associated banks, held at the clearing- house this day, to act as a loan [...]

Retrieved from “www.archive.org which, of course, would leave no balance to settle. The methods of settlement of clearing-house balances may be divided in a general way into two classes : First, SETTLEMENT OF CLEARING-HOUSE BALANCES 37 settlements with money, and second, settlements without money. A clearing-house acts merely as the agent of the banks in [...]