. Modern banking methods and practical bank bookkeeping; illustrated with over two hundred forms of bank books, records and blanks. banks atthe close of a days clearing, butits usefulness has been extendedso that it is now used frequentlyin place of certified checks be-tween the local banks. For in-stance, if a customer desires topay a note at a bank, other thanthe one in which he deposits, hecan obtain a due bill at his ownbank upon the presentation of hischeck, and this will be acceptedat the other bank in payment forthe note, when the individualcheck, uncertified, would not. Itis also used
. Modern banking methods and practical bank bookkeeping; illustrated with over two hundred forms of bank books, records and blanks. banks atthe close of a days clearing, butits usefulness has been extendedso that it is now used frequentlyin place of certified checks be-tween the local banks. For in-stance, if a customer desires topay a note at a bank, other thanthe one in which he deposits, hecan obtain a due bill at his ownbank upon the presentation of hischeck, and this will be acceptedat the other bank in payment forthe note, when the individualcheck, uncertified, would not. Itis also used as a means of obtain-ing currency or exchange fromeach other, between local has been shown, these duebills are only intended to be usedbetween the local banks, and ac-cording to the terms on the faceare made payable the followingday through the clearing-house,which makes them a very short-time obligation. These due bills are bound ina book with a stub, and when is-sued due bill account on the gen-eral ledger is credited with theamount and the proper accountcharged. When the due bills re-turn to the bank and are -P» ^^^^,1
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Keywords: ., book, bookcentury1900, bookdecade1900, booksubjectbanksandbanking
