performs for him every service; he may need to patronize several institutions of various kinds, or several of the same kind. Having selected a bank that is, or is to be, the customer desires to become one of the owners and purchases stock. In most cases the users of banks to any great extent become owners, and share in the profits which they and others help to produce. This is as it should be. INDEX [The numbers in this index refer to pages] Amortization bonds, 338 Analysis of credit statement, Analysis of depositor's account, Annual meeting of stockholders, Application for loans, 156, 158 Assets, analysis of, 143, 149, 153 Assignment of accounts receiv- savings accounts, 51 Auditor of bank, 271 Auditor's certification, need for, 155 Authority to draw, 212 Authority to negotiate, 214 Balances, chapter on checking account, 75 settlement of clearing house, Bank, administration of, 258 Bank credit, 2, chapter on, 118 INDEX Capital, need of permanent, 331 Capital and surplus, mainte- (See also title for each class Capital, surplus, and undivided Cash against documents, 214 in credit analysis, 149 assistant, 266 Certificate of deposit, 39, 12 Chairman of the board, 261 Character of borrower, 140, 130 Chicago, 58, 60 Charges for exchange, 97, 98 banker's, 12, 81 budget, 78 cashier's, 81 certified, 13, 14 disadvantages, 75 form and nature, 54 less than dollar, 80 payment by, 3, 75 postdated, 54 protection of, 79 361 Checking accounts, chapters on, basis of, 53 Check register, 3, 56, 82 Chicago Clearing House rules, Choice of a bank, 1, 356 Clearing house, methods, 92 loan agreement, 131 terms of, 130 as security, 127, 129, 128, 132 trust bonds, 335 C. O. D. by freight, 211 Collection of checks, drafts, and by correspondent banks, 95, costs, 58, 60, 72, 97, 241 Commercial credits, 214, 218, (See also "Dollar credits," Commercial paper, 112, 115, 133 Commodity paper, 115, 133, 135 Contingent-liability register, 266 Convertible bonds, 336 Country banks, 299 |