for usual business, as the owner is protected in case of loss, or theft. When one is already at the bank a blank indorsement is written more quickly and is just as satisfactory. Bank stamps are not considered as indorsements on U. S. money orders. The depositor may indorse a money order if he chooses, but he may also sign it just as if he were receiving his money from the post office. Form 1000 Revised January, 1922 0.8. INTERNAL REVENUE NAMES MUST BE LECIBLY OWNERSHIP CERTIFICATE-TAX TO BE PAID AT SOURCE When presenting interest coupons for payment an ownership certificate may be required. If the bond contains a tax-free covenant clause, it is required of all owners, except domestic and resident corporations; if it does not, it is required only of nonresident aliens. 2. Carefully sort and count the items for deposit. Currency should be right side up, that of the same denomination together. Printed straps are furnished for binding. Paper money is usually bound in packages of fifty of the same denomination. The bank also supplies binders to standardize the packages of small coins. These are labeled, "50 cents, pennies"; "$2.00, nickels"; "$5.00, ten-cent pieces "; " $10.00, quarters"; "$10.00, halves." These packages should be initialed by the depositor, so that the count can be verified later and not at the moment of the deposit. Gold and silver are put into bags of $1000 and $100, respectively. Coupon envelopes are furnished by the bank DEPOSITS FOR CREDIT 69 into which interest coupons are placed. A separate envelope must be used for each kind of coupon. On the face of the envelope the depositor writes his own name, where and when the coupons are payable, the name of the paying company, the number of coupons of each denomination, and the total. He also indicates any taxes which are to Form 1001 Revised Jan., 1922 S. INTERNAL REVENUE NAMES MUST BE LEGIBLE OWNERSHIP CERTIFICATE-TAX NOT TO BE PAID AT SOURCE This ownership certificate is filed with coupons presented for payment when the owner is exempt from the income tax. A different form is used if the payer of the interest or dividend is a foreign government or corporation. be deducted. The depositor should be certain to accompany the coupons with any ownership certificate that is required by law and which may be necessary to secure exemption from taxation, since, in the absence of proof to the contrary, taxes are collected. 3. Write out the deposit slip correctly, putting the exact name of the account and the date at the top. The usual method is to put the total of currency, the total of gold coin, the total of silver and minor coins, and list each check and draft separately. Banks which charge exchange on out-of-town items may want the checks classified according to whether they are on "this bank," ""other banks in this city," "out-of-town banks," and "New York banks." Some banks want the customer to enter the name of the bank upon which each check is drawn. If so the transit number of the bank which appears on the check by its name may be used instead of writing out the name. 4. Have the right pass book ready for the receiving teller's entry. The teller's entries in the pass book constitute the customer's receipts for his deposits. If by chance the depositor does not have his book, he keeps a duplicate deposit slip, signed by the teller, until his next visit to the bank, when he presents it with his pass book to the bookkeeper for entry. 58. Payment of exchange and collection fees. When exchange is charged on out-of-town checks and drafts deposited for credit, it may be deducted from the deposit, paid at the moment over the counter, or charged along with the fees on items left for collection as an account to be paid monthly, or semi-annually (see 53). To avoid exchange charges a house prints on its statements a notice that its customers must send New York, or other par exchange. If this does not avail, it may be profitable to open an account in a bank which charges no exchange and carry a balance to pay the bank for its trouble. 59. Deposits for collection. These consist of notes, domestic and foreign drafts, bonds, bond coupons, invoices, and often checks. They may be handed over the counter to the proper clerk (collection teller, or receiving teller), or mailed with a letter describing the paper and giving full directions. Occasional items for collection may be listed by the teller in the back of the depositor's pass book and marked off when they have been paid or returned. Depositors with numerous items are furnished a collection memorandum book with columns to show when they were left at the bank, the kind of paper, the payer, where payable, when due, the amount, the initials of the teller receiving the item, and whether paid or not. Instructions should be given as to what to do in case of |