Most of them have a fortuitous appearance in what we call deposits.

Theirs were call deposits, meaning that the depositor received no interest but could withdraw his money at will, the banker meanwhile having the use of it.

In his small town, he received both call deposits and investment deposits from local businessmen and rentiers, thus serving as a one-man banking and investment house.

Following the rules of the F.D.I.C., banks may issue notes that are a general obligation, like a deposit, but are not called deposits and are not insured by the Government.