E20 0037 Personal Credit Loan Accounting pdf

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Banks extend installment credit by financing purchases made through deal-ers and making loans to individuals for pdeal-ersonal needs. Such loans are referred to as consumer credit, personal credit, installment loans, time sales, etc.

Generally, a Personal Credit Department grants loans directly to the bor-rower. Other types of loans represent the purchase of installment con-tracts or the financing of time sales concon-tracts arising out of the sale of an article of merchandise or resulting from services performed, such as home improvement and modernization.

IBM Accounting is unique in its ability to satisfy all the requirements of Installment Loan Accounting. Regardless of the loan clasdification, spe-cific advantages result from the adoption of the IBM method.

These include:

1. The automatic preparation of payment coupons.

2. The elimination of manual calculating, posting and other inter-mediate steps required for maintaining and controlling the ac-counting records.

3. The automatic preparation of accounting and analytical reports and statements from ffiM cards primarily produced for main-taining individual account records.

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NEW LOAN PROCEDURE

Liability Cards are key punched from the Loan Applications that are sent to the Accounting Machine Department each morning. (Exhibits 1 & 2)

J 7-BRANCH COpy

I 6-DEALER COpy

I 5-CUSTOMER COpy

I ' . 4-CUSTOMER COpy

3-CO-MAKER COpy 2-PCD FILE

I-MACHINE DEPT. COpy

TELEPHONE THE COUNTY TRUST COMPANY

WHITE PLAINS PERSONAL CREDIT DIVISION

6·4000 WHITE PLAINS. N. Y.

I _{MR. JOHN DOE} _I

3821 POPLAR ST. HARRISON N. Y •

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AMOUNT

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I I OLD LOAN I REBATE I NET OLD LOAN I NET I DEALER I NET TO I ACCOUNT NO.

OF NOTE DISCOUNT PROCEEDS BALANCE DUE BALANCE DUE PROCEEDS RESERVE DEALER REFINANCED LOAN

1166,76 I 66.76 \1100.00 \1184.40 _\ 84.40 _\ 1100.00 \ _\ \7-60243\ \ F. H. A. :1

INSURANCE

I LOAN NUMBER

OFF.I DEALER SEC}ERM MATURITY DATE F. P. AMOUNT I F. p'l DISCOUNT I AMOUNT. ,I EMP'I LATE CHG.

CAY TYPE NUMBER MO. YR MO. YR OF LOAN DUE REG. PYMT',", TYPE ALLOW.

02 I 07\69059 106\ 05 07\18 I 01 6108 I 1166.76 I 01 I 66.76 I 64.82 I 115.00

-.1 PUR· I DATE OF LOAN

PROCEEDS POSE I MO. I DAY I YR. DATE ISSUED CHECK NO.

r-1100.00 \ I 06\16 \54 6-16- BRANCH

-Exhibit 1

IOOE J 2107169 0 S 9 0 61

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1 1166761011 66 76 1

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I • • NAME ~~N~!ERa_ ornCE I nEAlER IsEC I TERM M~~URI~~ m7°"f! v~~ AMOUNT OF LOAN III!~' D:~' , DISCOUNT J "EG"u~~~N~A~~£NT I

1 I 000011501 6 1 61410001

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Latl C"U~( ~~~E O~ALVOA~rt. EMP. TYPE I

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DATE CHARGEDfFF AMT. CHARGED OFF

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ADDRESS _B B B B

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REMARKS

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II 241 78h91 3d HI III 441 461 571 ~II 6rl 651 171 III 101

NAME nAY _{LOA" NU.'.tR}TlP[ "U~8[R OFfICII DEALER 1::lITERMrM~TOUil;~t~ AMOUNT ~F LOAN 1,;ti'l DISCOUNT I I[~~~~:'p~~, I :~:i I ::wr::.~~! I PROCEEDS I ~,O ~'11 Of 10'" DAY ~M

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l-The cards are sorted to loan number and type of loan and listed on an Ac-counting Machine for the preparation of New Loan Journal. (Exhibit 3) Totals are proved to the proof sheet that accompanies source sheets from the Personal Credit Department. Each type of new loan is also crossfooted for proof by adding the total discount and proceeds to arrive at the total amount of loans.

NEW LOAN JOURNAL

PERSONAL CREDIT DEPARTMENT THE COUNTY TRUST CO.

NAMII Dn LOAN NUM.I" T.,fI. NU . . . IIII 0" DIAL." = U .uulUTY _.0.".,,~Irt'u OP' NOTE ... OUNT TIUUIII D'SCOUNT

...

RIGULA" PAY"INT AMOUNT or ALLOWAIU ATlCN'Ue[ '.'Lon.,.' nPl PROCEEDS

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PAGET A A 30 07 ~O159 2.5 ~p6

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07 4 1. 0 0314 4 _I 24 109135 41181 15'00 123 fl 94109

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MOEHRING H 1':)7 ') 1995 it? 09 5074 161VO 15 lll70 1. 0178 4100 629 150100

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GRANT J M 30 07 2026 4~ ':):i I) 074 89ap8 24 98\08 37142 15100 438 80 0 100

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FIELDS M· ~O ,:)7 - 2 058 3t? ':) 6 6074 729150 24 79₁60 30140 13

'00 166 650100

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DANIELS G ?o)7 ~ Z 0 68 23 t?,:)7 h06~ 70311 4 24 76₁44 29

131 337

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12:54 627100

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CARVER B ~O ')7 2081 4t? 06 r5P7~ 641FS 24 91192 35108 15:00 766 750100 BROWNE S ~O ,)7 2122 005 7 P 6 6p'l~ 1410pO 24 15 3189 I 58175 I 15:00 829 1256111 I

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DOE J 2 7 9059 5 ':) 1 6p8~ 1166?6 18 6617 6 64\82 15100 1100100

6914p4

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8 68717 4 30 °137 I _6227120

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Exhibit 3

The Liability Cards are then reproduced into a duplicate set of cards which are filed for use in the preparation of monthly reports. The Liability Cards are reproduced again into Balance Cards. (Exhibit 4)

DATI. or LOAN

MO. OAY " "

616 616 61.8 618 618 615 616 616

DOE J

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210 716 9 05 9/0 61 51711 ala 11610 al 1 lil66l761oll1 64:a2:; : /

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I • NAfti. : DAY I TYPE I NUMBER 1000ICEI DEALER Im.1 TERM "~T~""~~', ~o;. r Y~. PPESENT , BAl. [PAY NO.[ AMT. "'~I" R~~UlAR PAYMENT AMT. "r.tCUlAR P~YT. I '\

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~. r lOAN NUMBER ~I ~ lit "ATIJA~:"'UT _?i. _{Rta~mT P~~T. IR:(~~,m ~rYT. C~mE}_PRmS ". "'W ov, DATE PAlO

o 0 0 0

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DODO 0 oliAo 110 0

OUi~R.-1f frI~[ II~~ ~ ~R;

~( "~I~m~ PRESENT BALANCE ,.~o~· NEW BALANCE ~'7i" MO OAY lR

jOo O!ioO '0 _{,.00 0 010 0 110110 010 0 0 0 0 0'0 0 010 0 0 0 o 0 0 0 0 0 0'0 0 0 0 000 0 0 0}

1 2 3 4 5 6 1 8 9 10 11 12 13 14 15 16 11 18 19202122'3 2<'1~ 26 2728293031 3233341353637 3839404142'4344 4546414849 50:5152 53545556:57 5B 59:60 61 6263 6465 666768 69 70:71 72 73 74 75 16 77 78 79 80

1111111111111111'11111111111111 111 1 1 1 11111:1 1 111111:' 11111'11111111 11111111111111 t 111

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2222222222222212222222222222222 222222 22222:2 2 22 2 2 2 21212 2 2 212 2 2:2 2 2 2

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3 3 3 3 3 3:3313 3 3 3:3 3 3:3 3 3 3 3 3 3 3 3 3 3:3 3 3 3 3 3 3 3 33 ~

3333333333333333333333333333333 333333 33333:33

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1444444444444444444&44444444444 444441 44444144 44 4 4 41:4 4/4 4 4 4:4 4 4:4 444 4444444'444444444 41 ~

5 515 5 5 5 5 5 5 5 5 5 5 5 5 55 5 515 5 5 5 5 51515 5

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5 5 5 5 5:5 5

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555555 555555:5555 5 5:5 5 5:5 5 55 5 5 5 5 5 5 515 5 5 5 5 5 5 5 5 5 ~

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6166666666666666616666616666666 661666 66611:61 6 6 6 616 16 6 6 6 6 6:6 6 616 6 6 6 S 6 6 6 6 6 6:6 6 6 6 6 6 6 6 6 6 _I ₁

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1 I 1 1

7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 17 7 7 7 7 7 7 7 7 7 7117 7 777777 77777117 7 7 7 7 7 717 7 7 7 7 717 7 717 7 7 7 7 7 7 7 7 7 7:7 7 7 7 7 7 7 7 7 7 ₁ _, _{I ,}

888888888888888888888888888888. 888818 I ' 1 I

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8 8 8 8 818 8 8888 8 81_{18 8 8 8 8,8 8 818 8 8 8 8 8}

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8 88 88:8 88 8 8 8 8 8 8 8

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9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 919 919 919 9 9 9 9 9 9 999999 9 9 9 9 9:9 9 9 9 9 9 9 9:9 9 9 9 9 9:9 919:9 9 9 9 9 9 9 9 9 9 9:9 9/9 9 9 9 9 9 9 9

I 2 3 4 5 6 7 8 9 10 11 12 nlt4 15 16 17 18 19 20 21 22123 24/25262728293031 3233343536!37 38394041424344 4546.4748495051 5253545556575859606116263 64651&& 67 68 69 70 71 72 73 74'15176 77ils 79 80

Exhibit 4

The Balance Cards are interpreted and merged into current balance file and the Liability Cards are sent to the Personal Credit Department for the ir file s .

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PERSONAL CREDIT COUPON BOOKS*

Coupon Books are made with the aid of Master Cards obtained by reproduc-ing the followreproduc-ing information from the Liability Cards.

Day of loan Type of loan Loan· number Term of loan

Maturity month and year

Month and year first payment due Amount of loan

Amount of regular payment

The Master Cards are then fed through the reading '-'nit and blank Coupon Cards through the punching unit of an Accumulating Reproducer. The term of loan (number of months) in the Master Card controls the number of Coupon Cards punched for each account. The Coupon Cards are punched with the due date, type of loan, account number and payment amount. The due date for each coupon and the payment amount of last coupon are auto-matically computed and punched.

After all books are punched they are interpreted. (Exhibit 5)

~~==~~~-r-=n~AI~~ ACCDI/IIT NUMBER DOLLAIS

69059

$

CEltS

6482

....

[~----t5

AMOUNT DUE

~ PERSONAL CREDIT ~

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DEPARTMENT [ PLEASE KEEP YOUR RECORD OF PAYMENTS IV MAIL ON THIS STUB. PAYMENTS MADE IN PERSON WILL BE

~ RECEIPTED BELOW. ~

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:JpERSONAL CREDIT DEPARTMENT

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THE COUNTY· TRUST COMPANY •

WHITE PLAINS, N. Y.

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IMPORTANT .

AS THIS COUPON IS YOUR ACCOUNING RECORD

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TO INSURE PROPER CREDIT TO YOUR ACCDIUIT, IT MUST ACCOMPANY EACH PAYMENT MADE. eiRE

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SHOULD BE TAKEN TO REMIT THE EXACT AfUNT SHOWN ON THIS COUPON.

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NAME

TOTal

- PLEASE DolOT

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_{•. 1} 141 111 711 Uft 115 •

OAT JyulinPE ACCOUIIT 10. CHAKE AIIOIIIIT

Exhibit ·5

The books are then totaled on an Accounting Machine. This is a zero bal-ancing proof. The Master Cards are then removed and destroyed and a change of Address Card inserted to complete each book.

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The next step is to tear off the perforated end of the cards and insert the books into covers. As the books are inserted they are sight checked for account number to be certain that only the stubs for one book are placed in the cover. After the coupons have been inserted in the covers, they are stapled together. (Exhibit 6)

Exhibit 6

WESTCHESTER COUNTY

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PAYMENT PROCESSING

Regular payment coupons" broken into blocks with a tape listing for each block, are forwarded to the Accounting Machine Department by the Transit Department each morning.

Irregular payment coupons (paid -outs, adjustments, etc.) are received each morning from the Personal Credit Department accompanied by a proof sheet showing the total of all irregular payments.

The processing of payments is as follows:

Each block is given a number. This number is emitted into the Search Cards made for the group.

The payment remittance coupons are reproduced into standard size cards (Search Cards) with the following information:

Account type and number Amount of payment Block number Late charge, if any

Late charges are mark sensed on payment coupons by tellers.

The Search Cards are then interpreted and listed by blocks on an Account-ing Machine and each block proved to the control listAccount-ings provided by the Transit and Personal Credit Departments.

All Balance Cards for accounts on which an irregular payment is made are manually pulled from the files and the amount of payment punched in them. The Balance Cards are then listed on an Accounting Machine and proved to control sheet.

The Search Cards are sorted to pull accounts being charged with a late charge. The Balance Cards for these accounts are manually pulled from the file and the amount of late charge punched in them.

All Search Cards are sorted into account number and type sequence and processed through a Collator to pull multiple payments. The cards are then totaled on an Accounting Machine by type to provide a spread sheet for bookkeeping controls.

All Search Cards (except multiples) are matched against delinquent file on a Collator. All rejected cards from this step are now matched against the current balance file on a Collator.

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All Balance Cards (current, delinquent, and multiple payment accounts) are merged together by type and account number and processed through a Calculating Punch. During this operation the new balance and new month due are computed and punched. The date of payment is emitted and punched.

The cards are then reproduced into a set of new Balance Cards with the following information:

Name of borrower

Loan day, type, and loan number Branch office number

Dealer number Security code

Term of loan Maturity date

Date next payment due New present balance

Amount of regular payment

The old Balance Cards are then listed on Payment Journal (Exhibit 7) which is given to the Bookkeeping Department for proving.

PAYMENT JOURNAL

NAME I--.;.:.LO~AN.:.rN~U ... ~a '~R ---I OFF. OEALER 8

MATURITY DUE r'l4TE

I/) MO. YR MO VA

BROMFIELD R 220247006 22074064

DAVIDSON H 140247251 64055064

GRACE M 190251020 12084064

EASTLAND H 240252429 22094064

GREENFIELD J 150254240 22114064

JENKINS T 120256031 10054016064

PRESENT

TEAM AMOUNT OF

BALANCE REGULAR PAYMENT

5610 6 15 2 8To 3

81 ala a 24 _{67 150}I

3910 6 12 13:02 138188 34

1

72 12

156124 12 26104

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900100 24 45100

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2100 124 214131

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Exhibit 7

",",OUNT OF rAY" LAT!:

NEW BALANCE

DATE PAID

DU' IRREGULAR PAy'T _'"~ CHARGE "'0. DAY '1'''

120 28

103 621

120 742150 621 1

120 26104 621 1

6121 120 104₁₁6 160 13

OF

0 6121 150 855100 6121

1 1885193

1 1 1 1 1 1 1 1

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Zero balance cards are pulled from the new Balance Cards by the Collator. These are listed on Payment Journal which is sent to the Personal Credit Department.

The paid out cards are merged into the paid out file. The remaining new Balance Cards are merged back into the current balance file.

The old Balance Cards and paid out file are listed every 3 months on two-part forms. One copy is furnished to Personal Credit Detwo-partment and one copy remains in the Accounting Machine Department. The cards are des-troyed. This listing replaces the conventional ledger card.

*REBATES

Rebate tickets are sent to the Accounting Machine Department at the end of each month. They are broken down into groups with a tape listing of each group showing the total number of rebates for that particular group.

The Rebate Tickets are key punched into cards with the following infor-mation:

Type and account number Maturity month and year Face amount

Discount

Amount of rebate

Number of months anticipated Date

The groups are listed on an Accounting Machine for proof to the tape totals and to the general ledger total. The cards are then sorted by type and number of months anticipated.

A total is taken for each type and a final total of all types at the end of the report. This final total is balanced against the general ledger total.

This report is furnished to the Personal Credit Department.

The Rebate Cards are filed for use in the preparation of Accrual Report.

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INTEREST ACCRUALS

New Loan Cards, Rebate Cards and Accrual Summary Cards from previous month are used in preparing the Interest Accrual Report.

The new Loan Cards are totaled and the total of the discount proved to a control maintained by the Personal Credit Department. The Rebate Cards are totaled and proved to the general ledger figure.

The new loans are broken into groups by type, as follows:

Group I Single Name, Co -maker, Employee

II Merchandise III Auto Retail

IV Purchase Plans, etc. V Equipment

VI F .H.A.

VII Modernization VIn Insurance

The new Loan Cards are reproduced into working cards with the following information:

Loan number Maturity date Amount of loan

Group number (gang punched)

The Rebate Cards are sorted into the foregoing groups and reproduced by group into working cards with the following information:

Loan number Maturity date Amount of rebate

Group number (gang punched)

The Balance Cards from the previous month are reproduced into working cards with the following information:

Type of loan Maturity date New balance

The reproduced new Loan/Rebate and Balance Cards are combined by groups:

1. Balance cards 2. New loan cards 3. Rebates

and sorted to maturity date.

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DATE GROUP

330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1 330 1

by crossfooting (starting balance - rebates + new loans : new balance). The Summary Cards are then sorted to maturity date.

A set of Factor Cards punched with maturity date, months to maturity, and factor are provided for the calculation of interest. Each Factor Card cor-responding to the maturity date of the Summary Card is pulled and placed in front of it. The factor and months to maturity are now gang punched into the Summary Cards.

The Factor Cards are sorted out of the deck and the Summary Cards pro-cessed through a Calculating Punch for the calculation of interest. The Summary Cards are then sorted to group and processed on an Accounting Machine for the preparation of Interest Accrual Report. (Exhibit 8) A proof is established by totaling all summary cards at the end of report and crossfooting totals.

Copies of the report are furnished to Personal Credit Department and Audi-tor and one copy is retained by the Accounting Machine Department. All detail cards used in operation are discarded. The new summary cards are retained for next month t s report.

INTEREST ACCRUALS

MATURITY MONTHS OLD EARNINGS NEW

DATE _MATURITYTO BALANCE REBATES NEW LDANS BALANCE FACTOR THIS MONTH BALANCE

414 1 54:32 10

139

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4 3i9 3 100000 43:93 I

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5:4 2 246:28 22:41 4:00 227:87 66667 1 5 1:91 75:96

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127:57 5i13 49 3i6 1 246:80

61 4 3 616:05 50000 24 6:81

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7:4 , 4 1098:56 26:66 2i92 40000 429'I 93 644:89

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134:02 18 712 2

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9'4 I 6 2168:29 2221:49 28571 634170

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218:81 328 9i3 5 24 67101

10:4 _, 7 3259:20 18 8!6 6 25000 222:34

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1114 8 38 5 6:25 19:76 3738:75 22222 830183

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9 4419:70 1 5 5:98 10:02 4273174 20000 854:75 3418:99 1:5 _, 10 5306198 18 5i6 7 24₁70 5146;01 18182 93 5j6 5 421 Oj3 6

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215 11 6846:98 27 oi2 8 57154 663 4!2 4 16667 1105:73 5528:51

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8311:67 223:48 2168:72 10256;99 157 8!0 4 867 8!9 5

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41 5 13 8246:42 212:33 1364119 9398:28 14286 1342164 I 8055164

5:5 14 11467:78 293:76 I 11174:02 13333 1489:83 9684:19

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11471:32 343:29

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11765:51 1470:69 10294:82

6:5 15 637148 12500

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7:5 16 13133;00 254:12 54 2b 2 1342 li2 0 11765 157 9io 0 11842:20

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8:5 _, 17 120:17 85;87 12591:93 11111 139 9iO 9 12116:12 231:49

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1015 , 19 14114:23 , 263:45 I :I, 673:58 15724:36 10000 1572144 14151192

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1115 20 9523 1113 9i9 4

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13750:41 2 '6 23 14706:20 32:66 326:85 15000:39 8333 124 9i9 8

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31 6 24 6839:67 582'80 _I I 8000

180234:55 4280;65 30851:69

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20680 sIS 9 25332:72 181472:87

Exhibit 8

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DELINQUENT LOANS

The Balance Card files for all loans are maintained in two sections

-1. Current balance file 2. Delinquent balance file

The delinquent balance file is increased once every 10 days by proces sing the current file through a Collator and pulling those accounts that are not paid to date. Those cards selected are put into the delinquent file after they have been reproduced column for column into pink striped Delinquent Cards and interpreted. The selected Balance Cards from the current file are destroyed after being used to reproduce the Delinquent Cards.

First, second, and last notices are made up from the delinquent balance file. The selection of the accounts due for first, second, and last notice is accomplished on the Sorter by selecting on next payment due date.

The first notice of delinquency is mailed out after the account is 10 days past due. Second notification is made 20 days after due date; the last no-tice is mailed 27 days after due date.

Accounts selected for first notice are processed through an Accounting Machine for the preparation of Delinquent Notices (Exhibit 9). After screening the balances of these accounts against the amount of regular payment, checking for short balances, the notices are sent to the Personal Credit Department for typing the address, adding the late charge, and

mailing.

DEMAND:

FINAL NOTICE

PERSONAL CREDIT

DIVISION

THE COUNTY TRUST COMPANY

WHITE PLAINS

6-4000

" Westchester's Barnk"

ACCORDING TO OUR RECORDS, A PAYMENT IS NOW PAST DUE ON YOUR LOAN.

WE ASSUME THAT THIS IS AN OVERSIGHT ON YOUR PART AND ACCORDINGLY WE WILL EXPECT YOUR REMITTANCE BY RETURN MAIL.

PLEASE DISREGARD THIS NOTICE IF PAYMENT HAS BEEN REMITTED.

CUSTOMER

DOE J

TYPE ACCOUNT _NUMBER

765059

LATE CHARGE

TOTAL AMOUNT DUE

Exhibit 9

AMOUNT PAST DUE

I

6 4:82

DATE DUE

MO. DAY YR.

904

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t---Accounts selected for second and last notices are run on an Accounting Ma-chine to prepare a listing which is forwarded to the Delinquent Loan Section who pull and mail the respective notices.

All Delinquent Cards used in the preparation of notices are merged back into the delinquent balance file.

TRIAL BALANCE

At the middle and the close of the month, the current and delinquent Bal-ance Cards are totaled by type of loan and balBal-anced with the Loan Depart-ment controls.

PERSONAL CREDIT DEPARTMENT MONTHLY REPORTS

There are nine monthly reports required by the Personal Credit, Auditing, and Cost Analysis Departments.

DELINQUENT REPORT

The delinquent report (Exhibit 10) is used by the Delinquent Loan Section. Its main purpose is information for the various reports prepared by this section. It is also used to a great extent for follow-up purposes on delin-quentloans.

This report is prepared from the delinquent balance file. The cards in this file are sorted to date payment is due, which arranges them into the fol-lowing categories: 30 to 44 days delinquent; 45 to 59 days delinquent; 60 . to 89 days delinquent; and 90 days and over delinquent.

One copy is sent to the Delinquent Loan Section. All the cards used for the report are then sorted to account number and merged back into the delin-quent balance file.

PERSONAL CREDIT DEPARTMENT THE COUNTY TRUST CO.

NAME LOAN HUMBIIR

0 __

DtA-LEA =: M::~R~T: OU(DAt( .. RfS(NT _rr."M AMOUNT 0" AMOUNT 01"' ,,,,ts LAT! DATil rAID

DA" TYIOC HU .... CIlt BALANCE RI:GUL. ... ,. PAYMfNT OU. IRREGULAR PAy'r

'" CHAROE NEW BALANCE "'0. D ... y ylt

ANTHONY W ~6 63 11184 608 1110 03 317~4 36 39168 1 !

119411 ~03 I I

GREEN F 563 03 1 05P. 9 12 105127 1 LANE L 26 63 ~3754· 614 ~03 03 151r9 36 ₁₀₁₆₇I 1 FRANK N ₁₁0 63 10329 690 1102 03 15~7 30 16

151 1

CLARK F G _~863 !12630 614 ~05 03 28~1 30 7114 1 BRADY F 111 63 24706 ~11 03 1081~9 36 31:78 1 HANTMAN M 28 63 ~0701 728 ~02 03 _14~9 30 15

199 1

MORGAN T 163 110076 01 03 450~4 30 75:04 1 OLDHAM F _~763 126132 04 03 298P6 15 2 li29 1 PORTER R _~563 110472 614 02 03 13~9 30 1 3i69 1 OLSON E _{16 63 14200} _{690 04} 03 ₄₀₉₁₆₂I ₃₆ ₂₅I

156 1

SEEDMAN M 1~3 10991 738 lO 03 256fO 36 29155 1

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I THOMPSON W ~6 96 1057 10 03 347~5 36 31

163 1 I

SMITH H B 696 1012 1 03 187~1 30 37i52 1 I _I ROCKMORE E 296 1022 2 03 60r6 30 30:40 1 I _I POLK R B 5~ 6 1002 112 03 87?7 30 43\91 1 I _I MYERS WM H ~7 ~7 4444 7 03 88F 6 18 8 8i97 1 I

I I

LORIMER A C 118 ~7 4375 6 03 264~3 18 65144 I 1 I I 280bo

I I 1

LOTHROP Z ~5 99 531 8 03 24 46\60 I 1 I

I I I

4459P7 757124 I _I

I I _I

I 1 I _I

(15)

EQUIPMENT REPORT

The Equipment Report is used to tie in loans with the Commercial Loan De-partment. It is also used by the Credit Department for credit information. The report is run in two sections using the current and delinquent balance cards for equipment loans only.

The first section of the report is listed in straight type and account num" ber order. One copy is furnished to the Credit Department.

For the second part of the report the cards are sorted alphabetically (3 col-umns of borrower's name) by type. The cards are then listed using Pay-ment Journal form. (Exhibit 11)

'Six copies are furnished to the Personal Credit Department. The cards are sorted to account number and returned to files.

PERSONAL CREDIT DEPARTMENT THE COUNTY TRUST CO.

NAME

JENKINS N

FISHER H

CONDON R J

BROWNE M P

ADAMS T

DUVAL L

LE C L A I R K

SANDERS R

LOAN NUMBER _0,..,., DUE DATE

...

OEALER ~ MATURITY _BALANCEPRESENT TERM _{REGULAR PAYMENT}AMOUNT 0'- NO. IRR[GULAR PAy'T AMOUNT 0'- 'A'rn uc. CHARGE LAT! NEW BAL.ANCE

nA' TYPI NUM_'It VI MO. Vlt MO. 'tit DU.

."

19

I

15 2T82 !

51 31636 4 07 152 SraO 36 1

I I

22 51 31734 104 07 _{452 11 0} 36 45121 1 22 51 31831 4 07 1818~0 36 181186 I 1 151 33536 r:s!:L 2 08 1616~5 30 32 3125 1 116 ~1 34194 1101 07 2449~6 24 349:88 1 117 51 34626 6 07 1806PO 36 150150 1

111 ~1 ~5002 I1p7 07 310f6 24 31 0196 1

I

116 ~1 36493 r:sk>8 07 1005~6 24 502/78 1 10986P3 2017126

I I

:

I

Exhibit 11

SECURITY REPORT

The Security Report is used by the Personal Credit Department to prepare parts of the Federal Reserve Bank Report. (Exhibit 12)

The report is prepared from the current and delinquent balance files for secured loans only.

The Balance Cards are sorted on security code and the report listed on Pay-ment Journal form. All cards are totaled at the end of report and the totals proved to control figure.

The cards are then sorted to account number and returned to the files.

!

DATE PMD

(16)

~I

NAME

KIRBY M B

GOODMAN P

P A I G E R

MAHER ,j F

FENTON L K

FARMER T D

DOUGLAS H A

CAMPE E F

STEVENS R L

PAIGN G

ASKEW D C

ROGERS A J

LOAN NUMBER DUE DATE

0 ' - DEALER ~ M::~R~T: PRESENT BALANCE TERM REGULAR PAYMENT AMOUNT C' NO. IRAI[GULAR PAY'T AMOUNT OF rAy'n CHARGE LATE NEW BALANCE

OA' TY~. NU",aIl:R _".

i I

23 ~9 f38164 6~ 07 07 90pO 24 90

100 1

5~9 f37328 6~ 07 07 93156 24 93156 1

I 1

4P9 f37455 5~ 07 07 70P.7 24 70117 1

82~5 82₁55

2~9 f37843 6~ 07 07 24 1

336~8 33612 S

1 I

I I

I _I

1 I

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1 I

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10 ~9 ~7889 6~ P7 07 90pO 24 90\00 1 10 ~9 f37815 6~ P7 07 90pO 24 90100 1

I

8P9 ~6647 6~ p8 07 153pO 24 76150 1

I

333pO 25 6/50

I

1 I

I I

1 I _I

I _I

1 ₁

I _I

709 f38210 7~ P8 07 21660 24 108:00 1 1

23 09 38254 6~ 07 07 90pO 24 90100 1

1 1

17 09 f38096 2~ 07 07 8100 24 81:00 1 1

72100

209 37361 6~ 07 07 72bo 24 1

I ₁

21 09 137806 6~ 10 07 288bO 24 72100 1

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747bo 423100

1 I

1 1

i

I

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I 1

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252868 12 1.416kS 1015178 I

Exhibit 12

VOLUME REPORT BY OFFICE

This report is used by the Cost Analysis Department to give credit to the branches for loans originating in their branch. The report is prepared by first sorting all the new Loan Cards for the month into branch order. The cards are then totaled by branch code. (Exhibit 13) A single copy of re-port is furnished to the Cost Analysis Department.

l

i

1 1 1 1 I I I 1 I

OAT! PAID

(17)

OFFICE NUMBER 1 2 3 4 5

VOLUME REPORT BY OFFICE

NO. OF AMOUNT DISCOUNT PROCEEDS

LOANS OF NOTES

I _I I

2 3 9 5 8:3 2 2 8 3:3 2 3 6 7 5:0 0

1 I 1

I

4 1 6:9 0

I

7 4 4 1 6:9 0 4 0 0 0:0 0

I I 1

1

8 4 5:4 5

I

1 9 9583158 8 7 3 8:1 3

I I I

I 1 1

8 3 9 4 818 4 2 9314 5 3 6 5 5:3 9

1 I

I

1 I

3 8 9:3 5

I

3 5 2 5 418 0 4 8 6 5:4 5

I I

I I I _I

3 9 :!: 2 7 1 6 2: 4 4 :!: 2 2 2 8:4 7 :!: 2 4 9 3 3 19 7 _I :!:

I 1 1

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Exhibit 13

SIZE OF LOAN REPORT

This report is used by the Personal Credit Department to furnish informa,.; tion for the New York State Banking Department. The report is prepared by sorting the new Loan Cards for the month to size of loan code and total-ing the cards by size of loan. (Exhibit 14)

A single copy of the report is furnished to the Personal Credit Department.

PERSONAL CREDIT DEPARTMENT THE COUNTY TRUST CO.

SIZE 0,. LOAN CODE

1 2

3

4

I--,::c:;.LOA_N r-NU_"B_ER--!O'" • ':..~1r. ~ MATURITY PA~'fbTU[

D4" TYPE NUM.,R III MO.,.LIt .. 0. YA

12 7 7 5

AMOUNT

OF' NOTE

6 4 5 2148 7796116 2493:00 1921:86 18663:50 I 1 1 I 1 I 1 !

Exhibit 14

DISCOUNT

553:49 67111 6 203186 166:47 1594198 I I I I I I I I 1

AMOUNT OF ALLOWABLE EMPLOYMENT

DU. REGULAR "A'fMIENT LATE CHARGE TYPE PROCEEDS

5898199 I 7125100 I 2289114 1755139 1

170 68 152

I 1 1 1 I I I 1

(18)

NUMBER OF LOANS BY TYPE REPORT

This report is used by the Personal Credit Department. The report is pre-pared by sorting all new Loan Cards for the month by type. The cards are then totaled by type. (Exhibit 15) One copy of the report is furnished to the Personal Credit Department.

NUMBER OF LOANS BY TYPE

TYPE OF LOANS NUMBER OF NOTE AMOUNT DISCOUNT PROCEEDS

2 0 1 0 5 1 6 6 14 3 6 7 1:5 8 4494 185

2 1 5 2 5 912 5 3 3 6:8 3 2 2 5 4 4 2

2 3 7 2 3 6 1 9 4 1 0 4 7 0 512 2 1 3 148 8 8 8

2 4 3 6 1 9 1 7 5 0 0 2 4 927 5 1 6 682 2 5

2 5 1 5 7 6 4 3 2 2 9 935 9 664 963

2 6 2 6 1 3 9 1 015 1 8 083 0 1 2 1 0 1 8 5

2 7 5 278 5 0 0 3 546 4 2 4 3 0 3 6

2 8 3 2 1 6 9 8 612 4 '2 2 0 8 1 8 1 4 7 7 8:0 6

2 9 8 4 1 7 3 2 5 5 4 214 9 3 6 3 0:7 6

4 2 1 1 5 596 1 0 7 2 7:4 8 4 8 6 8:6 2

4 4 7 3 5 8 5 7 5 4 6 6:0 5 3 1 1 9:7 0

6 3 2 2 1 1 737 5 6 152 5:8 1 1 0 2 1 1:7 5

7 4 1 7 8 584 1 5 111 5:9 2 7 4 6 812 3

7 6 1 9 116 998 4 1 6 0 9:8 4 1 009 0:0 0

7 7 2 2 123 679 5 1 6 0 7:7 1 1· 0 7 6 01_{2 4}

1

7 8 1 0 6 5 724 1 8 5 4:3 6 5 7 1 8:0 5

168 7 6 8 4 0

*

2 2 0 2 0 1 7 5 ::: 1 4 6 7 4 7 16 5 :::

1

:

I Exhibit 15

F .H.A. REPORT

This report is used by the Auditing Department to check the bank's records with those supplied by the Federal Housing Administration. The report is prepared by using the new Loan Cards for F .H.A. loans only. The report is prepared by sorting cards into account number sequence and listing cards on New Loan Journal form. (Exhibit 16) The total is proved to control figure maintained by the bookkeeper. This report is furnished to the Auditor.

PERSONAL CREDIT DEPARTMENT THE COUNTY TRUST CO.

LOAN NUMBER

U MATURITY

FIRST

AMOUNT "IIT AMOUNT OF ALLOWABLE [NPLOYMUT DAT£ OF LOAN

NAME OFF DEALER PAYTDUE TERM DISCOUNT .... MO PROCEEDS

D . . TYPE NU",eE:A ",0 VA MO YA OF NOTE .u. REGULAR P'AYM£NT L.ATE CHARGl TnE MO. OAT 'fA

I _~

2~!H 75cioo '1 0 ~

GARVIN H 116 163 30630 107 OB 862:35 36 9 ~5 C 168!: 479

HARDING K M 21 163 30673 107 OB 14B6~9 36 16 4:64 4~30 29 S 776 129~00 .'0'1

RESNICK WM ~6 163 30722 107 OB 574\B9 36 6 ,,66 1~97 1123 269 50~00 '0:2

516 3 459:92 5 q9 ~ I 895 40~00 '10'1

CONNOLLY H 30724 107 OB 36 12178 369

3 7 ~7 3 I 294~00

33B3ie5 94101

I I

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(19)

DEALERS' RESERVE REPORT

The dealers t reserve report is used by the Personal Credit Department to

issue monthly checks to dealers and analyze loans by dealer.

The new Loan Cards are sorted by plan and dealer code and listed by dealer code on ne w Loan Journal form. One copy of report is furnished to the Personal Credit Department. (Exhibit 17)

All new Loan Cards used in preparing these reports are returned to new loan files when reports· are· completed.

NEW LOAN JOURNAL

PERSONAL CREDIT DEPARTMENT THE COUNTY TRUST CO •

NA .. E LO ....

,..u .... , ..

0.- DIAL'_ U _UUllin .... 'f' ~u. .MOUNT TI." OIKOUNT "H' AMOUNT 0 ' ALLOWAILI ,iIPLO' ••• ' .. ROCEEOS OA'I Oil' LOA~

...

'''P' litU"' . . . . :: " 0 • • Of" NOTI

...

.Iau,-... ~A"IlI'NT anCMU' ·"PI MO. 04''' ••

IIURNS A 16 76 a 889.3 60.3 106 707" 155 aT.3 a .36 a 02:' a

"'IU!

7 69 l'5~00 C'l 01 4

1 15521'2 2021'2 43

112 135 00 I

EKELAND G 116 28"7 625 110 5114 5'6188 16 '6188 _{" 4:14} 719 50~00 dO" 4

1 5'6:88 '6188 4 "114 SO 00

1

0 ' .

I

COOLIDGE P :a2 16 :i!6698 640 106 1074 591196 '6 111 96 1~61 96.3 52~00

1 591196 77

196 16j61 52 00

I I

GREENBERC B 17 16 :i!9262 651 106 9074 7 a :a10 0 60 139100 1117 ~ 766 56~00 6024

1 70210 0 139100 1111 (I 56 00

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LI TTLE T 11 16 :i!9433 660 106 5074 344116 12 17116 28:68 429 321.00 6 0:2 4 NESBIT L

t~ ~~ ~85'0 660 106 7074 1 J 6 914 4 36 118:44 _381°4 4 6 ~ "9~00 ~ 0 ~ 4 FOLEY L 28711 660 106 5 074

,

263116 12 ₁₃₁₁₆ 21193 4 6 ~ 25 00 ~ 0 ~ 4

1916116 208176 88165 116 00

I I I

HOUGHTMAN R ~9 ~6 28841 689 106 9074 J 6118 a 60 11180 610.3 36S 29~00 t: 0.01 4

1 36180 1118 C 61 03 29 00

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FRIEDRICH L _1~6~ 8492 699 110 1114 J 51112 36 51172 9!11 56 E 30~00 _{~ g~}

:

GRACE W 1 6 8931 699 106 7094 1069130 36 13913 0 31145 561 93 00

2 1" 2110-2 191102 41122 123 00

I I I

MORHAN R 118

~~

~B625 715 106 9074 614:40 60 121140 10124 561 493100 _{~ g~!} WI CKELL E 1 1200 115 110 6114

i

_{~ ~I~}

g

24 16116 61B4 165 146100

D ILL 0 iii J 1 rr6 28998 115 110 111" 36 5 J I6 0 1 0!1 ~ 36 !i 31000 5284 .3 1142116 19'116 21118 94 SliOO _I

ROSARIO H 1~ 6 rz8345 722 106 707" 1062100 36 162/00 2915 (I 925 90~00 6 014

·t·

1 10 6 210 0 162

100 29150 I 90 100

NORRIS R 29213 729 110 1114 821116 40 121116 22181 355 70~00 60:2 4

1 821116 121/16 22:81 10 00

MAXWELL E 29345 7"2 110 7114 33'3/0 0 40 49/00 9125 865 _2Bioo _~g~: GRUBER M t·~ ~ ~9J48 742 110 1114

!

_{~ ~I~}_g40 _~jl~g 1115 (I 469 J5 00

LYNCH f J176 9239 742 106 7094 36 1215 ~ 365 31 00 6~)4 J 1173170 1 6 3~7 0 3 JI3 (I 101qOO

I

4210s

I _I

PLATT E 1~6 28681 146 110 1114 3 52108 40 9:18 815 31QOO t:l0:24

1 352108 _4210S 911S 31000

11699:84 160 9:S 4 I

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(20)