The paying teller implies a bank where the paying operation is a function of a separate individual or department from that of receiving. Assume then that the paying teller, who is the bank's cash custodian, starts business on the morning of June 29 with $70,000 on hand, which includes the entire bank's cash supply. To illustrate further, suppose that during the day the transactions of this teller were tabulated as follows:

Receipts

From Correspondent Banks..

$10,000

From Federal Reserve Bank.

5,000

From Receiving Teller.......

8,000

Issues

$15,000

On account of customers' payrolls

6,500

For checks cashed

2,000

Money shipments to correspondents

6,000

Deposits with Federal Reserve Bank

The foregoing, it is repeated, are the paying teller's transactions of receipt and issue on June 30. The $8,000 mentioned on the left as received from the receiving teller, let us assume, was a large deposit taken by the receiving teller subject to count, and immediately delivered to the paying teller and charged to him by the receiver. That means that the $8,000 would not be included in the receiving teller's cash figure.