The Modern Trust Company Electronic Resource Its Functions And Organization

Cover The Modern Trust Company Electronic Resource Its Functions And Organization
The Modern Trust Company Electronic Resource Its Functions And Organization
Franklin Butler Kirkbride
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Cambists, persons skilled in the exchanges of money, have prepared tables which are generally used in computing trans- actions in exchange and greatly facilitate the handling of business which would require an enormous expenditure of time and labor were each calculation to be made separately.
Foreign exchange is a distinct field of banking operations, occu- pied principally by the banks and international banking houses. Into it the trust companies are gradually entering, and for that reason it
...is briefly mentioned here.
STOCK LEDGER AND STOCKHOLDERS' DIVIDENDS A trust company which maintains a transfer department can properly care for its own stock there, both in the making of transfers and the payment of dividends. Otherwise, the banking department is often charged with this duty.
In the stock ledger the stockholders' names appear at the head of each account, exactly as the certificates are registered. Each page has divisions for certificates cancelled and certificates issued, with a balance column between.


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