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The bank can discharge successfully such responsibility under the following conditions:
a. Protection of deposits through wise loans and investments
b. Meeting depositors claims immediately and upon demand
c. To yield dividends to their stockholders and increase the banks surplus account
Why a bank maintains cash in its vault?
To take charge of the cash of the bank and pay it out over his counter.
Determines the amount of cash to be taken from the vault of his cage.
Arranges the money he takes to his cage so that they may be handled very conveniently.
To see that there is a sufficient supply of cash in the bank to meet all normal requirements.
To designate cash as referring to the advance of money on a check that must be collected
from another bank
Cash
Cashiers, Managers or certified checks
Bank drafts
Postal money order
Treasury warrants
Duly funded on us checks
Fund transfers/credit memos within the same bank representing proceeds of loans granted
under existing regulations