the bank offers us many services and like mr frank adams and most of us use the bank thing the bank gives a good place to keep money and here is mr adams filling out a deposit slip he lists cation checks separately the totals sixty two dollars and fifty three cents is the amount he is going to deposit in his savings account he takes the cash the check the deposit slip and his bank book to the teller at the savings window the teller places the bank book in and adding recording machine into the bank book she punches the amount of his deposit and the new balance which is the total amount that mr adams now has in his savings account there is the amount of the deposit sixty two dollars and fifty three cents the pages of the bank book show the record of mr adams savings account eight years ago one march he made his first deposit of fifty dollars as he made regular deposits from his earnings his balance grew but his balance actually became greater than the sum of all is deposits for at the end of each six months interest period the bank added interest to his balance which therefore kept on growing the teller puts mr adams did posits slip with other deposit slips in this basket these slips are a record of the money that is coming into the bank and up here there checked in the proving machine the banks careful methods give mr adams confidence that his savings are secured and so does the federal government's insurance guarantee some of the money of the depositors is kept behind the great door of this vault part of the money that comes into a bank is kept in cash but the rest of it must be put to work to earn a profit for the bank and so the bank invests much of its money according to law these investments must be safe investments such as government bonds minister bonds and mortgages the bank also invest its customers money and personal and business loans to reliable people here is mr adams with the president of the elmdale national bank they're discussing a lot of say over four thousand dollars that's right mr smith i say eighty percent of the capital our need to start my hardware business i say now you would like t additional one thousand dollars from us that's right in your letter here you explain why you feel this town needs another our great story tell me mr adams a common experience so you have no hardware business i worked as a salesman for three years with the louis wholesale hardware in johnstown and i have made the appliance department in the king hardware store here and am bill for the past eight years that should certainly be enough and you've been promised a location on washington street yes i have it just meant a good place for  very story well i think we can make it as long as that time when the bank needs security no i don't think so as you say you're putting up eighty percent of the capital from your own savings so that you lived in  value received i promise to pay to the allen bill national bank one thousand dollars and monthly installments of fifty dollars beginning one month from the date of this not the seems ok fine and since you're paying the loan back on a monthly basis we will calculate the interest on a monthly basis two tables in this book will give us the exact figure let's see twenty months of our usual r and fifty seven cents right away mr banks not how about opening a checking account of your new business yes i'd like to do that right away so i can start paying for my furnishings and my merchandise by check  checking it out mr adams finds his new checking account very useful to pay for the one hundred fifty dollars worth of merchandise which he has ordered he is going to draw a check on his bank these check for the balance brought forward here that is most recent deposit from the total he subtracts the amount of his present check one hundred fifty dollars he keeps a complete record of his checking stubs the check itself is drawn on the elmdale national bank that means it is an instruction to the bank to pay to the order of the member supply company the sum of one hundred  fifty dollars mr adams writes the amount in words so there can be no mistake the elmdale bank on which this check is drawn will pay out the one hundred fifty dollars as soon as the miller supply company end presents it for payment all that remains for mr adams is to mail a check with his order to the miller supply company which can collect the money as soon as it endorses the check and here is the check arriving at the miller supply company the girl stamps or endorses it but instead of collecting the money direct from the alan vaile national bank the company does it through its own bank where the check is arriving right now this bank can collect one hundred fifty dollars once it places its own endorsement on the check as it is doing here but instead of collecting the money directly it uses a more convenient method like many other banks it sends its checks to the federal reserve bank for collection the federal reserve bank is set up to handle thousands of checks from hundreds of banks in a single day all these banks save themselves a great deal of trouble by collecting on checks through the reserve bank the federal reserve bank collects the money direct from the banks on which the checks are drawn and returns the checks to these banks and so mr adams check reaches the elmdale national bank is cancelled to show that one hundred fifty dollars has been paid out of mr adams account as proof that canceled check will be sent to him along with his monthly statement and here mr adams is serving a customer  hardware store he is building up a prosperous business with the help of his bank loan and the money he has saved over the years in his savings account and there is the lady's chain but speaking of change the story is beginning to run short of a yes there is just time to change his coat and get to the bank before closing time mr adams finds his local bank very convenient not only because it can always give him all the small exceeds but also because of its other services such as his savings account the loan which it gave him and the checking account which makes it possible for him to pay for these orders by check at the teller's window he was getting his small change conveniently wrapped in paper and labelled nickels dimes quarters and half dollars mr adams is a good customer of the bank in return the bank provides many services for him and for everyone who uses the bank