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SAVINGS BANKS
§5
the bank's investments; viz., loans, discounts, the purchaseof bonds, bills of exchange, and commercial paper.
As savings accounts are generally inactive, they are easily handled, and in one bank having approximately seven million dollars of savings deposits, the ordinary work of this department is done by one bookkeeper, an assistant, a paying teller, a receiving teller, and an additional clerk to balance pass books, each giving but a portion of the day to the work. The help of two good clerks from the commercial department may, however, be required for about 1 week before and 2 weeks after the first of January and the first of July, when interest on the accounts is to be figured and paid.
