XD9289 ” The Check Collection Process ” 1961 Educational Film on Check Transactions

Check Collection Process BW Natl Legal AV Center, “Project of the National Legal Audio-Visual Center”, “Assistance of the American Fletcher National Bank and Trust Company Indianapolis, Indiana”,

“‘The Check Collection Process,’ one of a very small but growing group of films produced for a law-student audience, is the first film produced to explain to the law student an important business institution or transaction. This film describes the life cycle of a check from the time it leaves the hands of the drawer-customer for delivery to the payee until it is returned to the drawer-customer by the drawee-payor bank along with other cancelled checks of the customer and his monthly bank statement. Describes how checks are handled by a particular Indianapolis bank and how they are cleared at the Indianapolis Clearing House. One result of this is ???? film is more concrete and detailed than all of the films previously available on this subject”

“Presents the functions of the clearinghouse, the correspondent bank, and the check collection facilities of the Federal Reserve System”

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