Latest Operations - ATM Topics

There is an old saying about bankers that goes something like:

"Charge 'em six percent, pay 'em three,

In the office by nine, on the golf course by three"

For over two hundred years, messengers and couriers in London, England have settled money market transactions between financial institutions by walking from one to the other.

Of all the articles in the first five issues of the BANKERS' HOTLINE, the subjects that have produced the most response from readers are mock holdups, and charging for levies.

Bankers celebrated only briefly the defeat of a Senate bill requiring that financial institutions cash government checks for non-depositors.

A few months ago, we reported on the fact that ATM's were being installed in post offices in the state of Washington. Soon there were more post office ATM installations in other states.