Image from page 69 of “The practical work of a bank : a treatise on practical banking which aims to show the fundamental principles of money, the practical work of a bank in detail, and particularly, credit in its relation to banking operations” (1915)
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Title: The practical work of a bank : a treatise on practical banking which aims to show the fundamental principles of money, the practical work of a bank in detail, and particularly, credit in its relation to banking operations
Year: 1915 (1910s)
Authors: Kniffin, William Henry, 1873-
Subjects: Banks and banking Bank management Money Bank loans
Publisher: New York : Bankers Pub.
Contributing Library: University of California Libraries
Digitizing Sponsor: MSN
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size may not have five thousand. Ofcourse, the latter are all active and recpiire much more de-tailed labor to handle than do the fifty thousand in the sav-ings bank, but the work of the latter is over the counter,while the work of the bank of discount is largely throughthe clearing-house and the mails. Therefore, the lobby ofthe savings bank will be a busy place, wliile the lobby of thebank of discount will often be practically deserted. Toprove tliis, go into any goodly sized savings bank on ]Mon-day—the busy day of the week. You ^vi find long lines,mostly women. Go into a bank of discount of the same size,and you will find perhaps half a dozen men, or boys, mes-sengers of business houses, etc., delivering stocks and bonds,obtaining certifications, making collections, deposits and va-rious other errands. This statement does not apply, how-ever, to banks doing a large commercial business, or thoseoperating savings departments, where the crowd is really a ii^aic uoLomuQV^ <3W0
Text Appearing After Image:
lL-=^ wooa NOcjnoD ■^ < (J<0 ii:iaic Nivw 54 PLAX OF BASEMENT IN A MODERN BANK BANK ORGANIZATION AND ADMINISTRATION 55 savings bank crowd and not commercial depositors; nor tothe large commercial banks. The foregoing remarks areparticularly true of large city banks, which deal mostly withlarge concerns and have a few active and large accounts,rather than a host of small ones. There are, of course, banksof discount which have a large number of small depositors,because of their situation in retail districts, which makes anactive counter trade. But the teller of the bank of discounthas much greater responsibilities than does the teller of asavings bank, for as will be shown in the chapter on thatsubject, his work is involved with much banking law. Hemust pass judgment on many matters that are j)eculiar tohis position. He must take risks that the savings bank tellernever assumes. He handles more checks in a day than thesavings bank man does in a month; and in the handling ofchecks
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