The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-12-26
INSIDE Al MODERN BANK.
Details of Operations Little Known to
the Public

Details of Operations Little Known to
the Public.
The organization and administration
| of a large bank is q. most interesting
subject and the majority of the people
who do business with the banks Will be
surprised to learn that one of these IN
| situations employs more than 400 clerks
| in addition to the board of directors, the
| president, two vice presidents, a cashier,
four assistant cashiers, an auditor, an
attorney, a mana ger of the bond de-
paFtment and a manager of the foreign
exchange department.
In this bank as in all well managed
| financial institutions the president is
the head, and he, with the vice presi-
dents, cashier, assistant cashier, auditor,
attorney, manager of bond department
and manager of foreign exchange de-
partment is elected or appointed by the
| board of directors. who direct the policy
of the bank, although the president has
full authority to act as he sees best in
| all matters pertaining to the general
business of the establishment Having
defined the duties of the president who
supervises and controls the entire bank,
we will follow each officer and clerk
through his duties of the day.
The vice president attends to certain
city discounts and has under him the
cashier, who has charge of the reserve
vault and the third assistant cashier,
who attends to all. advertising and
part of the city exchange These cash
iers, with the first assistant and fourth
assistant cashiers, the latter having
charge of the special collateral vault,
receive the reports of the manager of
! the city accounts, who is responsible for
overdrafts and whose duty it is to
initial all deals connected with his de-
partment. ~
He has under him sortar, who sorts
the checks and credits according to
books ana the items received from the
note teller; one of the paying tellers,
receiving teller and manager of the NAH
and collection department.; eighteen
| bookkeeperS, who enter items on jour-
nails and take off the balances; nine
statement clerks, who write daily state
ments from original items, extend bal
ances and prove the teller's figures; two
Cancelled voucher clerks who sort the
| checks received from the bookkeepers
before returning same to depositors; one
! general assistant with four helpers, who
do general machine work, such as can
| ceiling checks, etc; two passbook clerks.
| who keep a record of certified checks
and receive vouchers and passbooks,
with statements from the auditors de-
partment, and deliver same to GUS
| toners,
OTHER DUTIES OF CASHIERS.
Under these cashiers are also the man :
ager of the collection department, who
buys commercial paper for out-of-town
accounts, proves timing of collections
and examines all paper which goes
through the department. He also has
charge of all out-of-toWn collateral and
attends to the correspondence of the de-
partment. Under him are the assistant
collection clerk, who waits on city GUS
toners and attends to exchange deduc-
tions and minor correspondence; the
second assistant clerk, whose duty it is
to make out credit tickets and send to
the note teller with collections the night
before they become due, receive out-of-
town discounts from the discount de-
partment ten days before maturity for
collection and run acceptance book:
then there are five ledger keepers, q
timing clerk and a city ticker clerk.
The latter enters all city notes under
due date and takes the items from thu
files and turns them over to the sec
and assistant collection clerk two days
before they fall due.
). The next department over which these
cashiers have supervision is the discount
department, presided over by a mana
ger, who attends to city warehouse re-
ceipts pledges for collateral, escrows
and indemnity bonds, besides figuring
the margins on loans. The assistant
mana ger examines the paper taken on
the previous day and proves the tirae
| on the same. looks after the discount
clerks, who figure the discount, traces
out-of-town items and figures demand
interest monthly, and the collateral and
filing clerks, who run the collateral and
insurance books, and file discounts ae-
cording to maturity. In this depart
ment are also a registry clerk, three
bookkeepers, an assistant discount clerk
and two telephone boys.
The chief clerk who has genera
charge of the entire office under tht
president looks after the note teller
whose department consists of an as
sistant, who waits on window, accepting
currency in payment of notes and re
| ceiyes returns from the collectors. tive
boOkkeepers, correspondent and {
transfer clerk and assistant: two paying
, tellers, who have three assistant paying
tellerS, a manag ger Of the currency anC
three assistants, who weigh gold and as
sort currency separating the old bill
and national bank notes: a bookkeeDe
, and assistant. clearing house settle
2 ment clerk, who figures out the debit o.
! credit balance of the bank at the clear
ing house; manager and five assistant
/ men for out clearings: a currency clerl
I and an assistant
Then there the receiving teller, wh'
receives deposits and handles all cash
. and the assistant tellers, who ente
checks and take off balances. Under tn
; payig teller are sixteen men assistants
n a lady teller and assistant a railroa
? teller and assistant and a silver telle
! and assistant. This department also in
! draft writer's and an assistant to tn
: cashier, who signs drafts for that Off
cial.
n The next important official is the sec
: ond assistant cashier, who, with an as
f sistant looks after the out-of-town &C
: counts. He also has supervision owe
: the domestic exchange. the telegra m
i department who buys and sells all do
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