MONEY CLEARANCE AND SETTLEMENT 401
ber’s record sheet final balance, fills in the name of one of its
depository banks against which it wishes to have the given
draft presented, and the teller in the given member’s cage then
signs it in behalf of the Stock Clearing Corporation. The
draft, thus made out, is then returned to the creditor clearing

Fl

Name of Clearing Member

Cleared
Stocks
Fails
Cleared
_ _Ronds___
__ _Fails
Non-Cleare
Stocks
Pails
Non-Cleare
Bonds
Fails
Spectar—
Clearance
Fails
nr
Loans
“mo
,oans
central
Delivery
~hecks
Drafts

Ar

C=" "=1000



oo

Sy

"goo lon

yy

ool

"
§55 [00 1

Actual

Cr.

ooo |
! " y5lovo 0D
| lon. 5

9

ro.

on

digo loo

fi

i eed
£55100

391

ar

oo ore eT
too {01g "ty
53 agp lap t

000 "00 |
orn "00 |
14 go ool
loan a:

lage lig”

1289 [230 24

Figure 48. Clearing Member’s Record Sheet

member, who can thereafter deposit it to his account in his
bank, which in turn collects its proceeds from the depository
of the Stock Clearing Corporation against whom it was drawn.
And thus the complex processes of the Stock Exchange daily
settlement system conclude.