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.