Using the Bank

Source: Internet Archive — Prelinger Archives · License: Public Domain Original

This 1947 black-and-white video titled "Using the Bank" offers a look at banking services and procedures from the pre-computer era. In the film, Mr. Frank Adams deposits $62.53 into his savings account at the Elmville National Bank. The bank records the transaction and adds interest over time. These funds are used for safe investments and loans, including a $1,000 loan to Mr. Adams to start a hardware business. He secures this loan using his business experience and personal savings as collateral. The bank sets up a monthly payment plan with interest and establishes a checking account for Mr. Adams to manage his new business finances. Mr. Adams writes a $150 check to the Miller Supply Company, which he records in his account book. The check is drawn on the Elmville National Bank and will be endorsed and processed through the Federal Reserve Bank before the money is deducted from his account. Throughout the video, Mr. Adams highlights the convenience of using his local bank for various services, including savings accounts, loans, and checking accounts, and notes that he receives his small change neatly wrapped and labeled.