Practical Bank Operation
Practical Bank Operation
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In our eReader you can find the full English version of the book. Read Practical Bank Operation Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Practical Bank Operation
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These are filed in the department and when an item has been collected the corresponding ticket is sent to the owner as advice of payment.
Settlement for Items Collected As has already been stated, the bank makes settlement only after advice of the completed transaction has been re- Digitized by Google COLLECTING NOTES, COUPONS, COUNTRY ITEMS 1 89 ceived from the out-of-town collecting bank. Two settlements are to be effected: One consists of recovering from the col- lecting bank, and the other ...of paying the owner. Entries to record these settlements are made by "putting through" copies of the tickets which were prepared and filed when the collec- tions were entered. One copy, of each ticket serves as a debit ticket covering settlement with the correspondent which made the collection, and another serves as a credit ticket covering settlement with the owner.
In case the federal reserve bank has made a collection it sends an advice stating that collection has been effected and that the account of the New York bank has been credited for the proceeds.
What to read after Practical Bank Operation?
You can find similar books in the "Read Also" column, or choose other free books by Langston, L. H. (Loyd Helvetius), 1891- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These are filed in the department and when an item has been collected the corresponding ticket is sent to the owner as advice of payment.
Settlement for Items Collected As has already been stated, the bank makes settlement only after advice of the completed transaction has been re- Digitized by Google COLLECTING NOTES, COUPONS, COUNTRY ITEMS 1 89 ceived from the out-of-town collecting bank. Two settlements are to be effected: One consists of recovering from the col- lecting bank, and the other ...of paying the owner. Entries to record these settlements are made by "putting through" copies of the tickets which were prepared and filed when the collec- tions were entered. One copy, of each ticket serves as a debit ticket covering settlement with the correspondent which made the collection, and another serves as a credit ticket covering settlement with the owner.
In case the federal reserve bank has made a collection it sends an advice stating that collection has been effected and that the account of the New York bank has been credited for the proceeds.
What to read after Practical Bank Operation?
You can find similar books in the "Read Also" column, or choose other free books by Langston, L. H. (Loyd Helvetius), 1891- to read onlineMoreLess
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