Your Town (1966)

you may live in the country in the suburbs a small city or a metropolitan area with a population of millions regardless of the size of your community money and banking provide the same important benefits for everyone and fill the same kinds of human needs to give you a better idea of how our nation's commercial banking system serves your community we build our own model town let's call it your town there's Main Street Town Hall and the bank next door here's the supermarket and crises drugstore the new hospital and a high school farther up the street lots of people live here each is different but all of them have one thing in common the commercial bank in your town you in his home on Elm Street dr. Fred Graham is getting an early start [Music] before leaving for the hospital make his morning rounds dr. Graham spends a few moments signing checks [Music] it's going to be a hectic day for the doctor and like many busy people he finds banking by mail of valuable time saving convenience at nine o'clock the town and the bank are already buzzing with activity inside the bank deposits are being made in checking and savings accounts checking accounts provide a safe and convenient method of transferring funds as a matter of fact checks have become so popular the checks are now used for the payment of more than four trillion dollars of the country's bills every year for more than 90 percent of all transactions in order to process this tremendous number of checks the bank in your town relies on high-speed modern equipment to quickly and accurately transfer money from one account to another [Music] interest-bearing savings accounts help people meet a variety of future expenditures planned or unexpected a college education for example or a vacation clip medical expenses or perhaps the down payment for a new home savings accounts earn interest but my law banks are not permitted to pay interest on checking accounts your bank savings department also encourages Christmas savings vacation clubs and payroll savings plans this call is an important one for druggist George Price his new car has arrived and is waiting for him at his dealers on his way to his dealers garage George price stops at the bank to complete the arrangements he has made for financing the purchase of his new car the bank welcomes his loan application the car itself will serve as collateral and besides George price has been known to the bank as a friend and customer for many years commercial banks are one of your town's most important sources of installment loans bank rates are usually the lowest available personal loans for any worthwhile purpose are often made on the strength of a borrower's signature [Music] installment loans are used every day in your town finance a vacation buy furniture or household appliances to pay for home repairs or to underwrite a college education the bank makes a profit on loans by charging interest the profit the bank receives not only keeps it in business as a privately owned enterprise but also enables the bank to pay interest to its savings depositors [Music] your town continues to grow in one of the suburban developments Fred Parker and his wife are building a new home the Parkers couldn't have financed their new home without a mortgage from the bank [Music] mortgage loans are one of the principal means by which banks help their community grow Fred will we pay his mortgage loan in monthly installments he can manage on his income banks are also an important source of loans for people who wish to enlarge or modernize their homes even Fred's builder is paying his suppliers with bank credit many of the homes stores roads and schools in your town could not have been built without financial assistance from your bank this is the electronics plan it provides jobs for a lot of people in the town there's a big contract coming up and the plant manager wants to expand his manufacturing facilities the bank will finance this expansion the plant will provide more jobs with larger payrolls in the community merchants and employees alike will have more money to spend [Music] for many other businesses as well the commercial bank is the major source of credit the canning factory needs a new steam cooker [Music] the supermarket uses credit to finance a large inventory the dairy needs additional delivery trucks to service the new families we have moved to your town [Music] agricultural loans are also offered by the bank to help farmers buy equipment to meet operating expenses until their crops are in your commercial bank extends credit to factories wholesale dealers retail stores large businesses and small businesses to bank loans are available to each of them and it is this vital source of credit that enables your town to expand produce sell prosper and grow but banks are not interested only in business they're also interested in individuals like mrs. Bishop for example stopping for gas on her way to the bank when her husband died he left her a thriving hardware business and the substantial number of stocks and bonds [Music] mr. Bishop had made arrangements with the bank's trust officer for the bank to serve as co-executive to assist his wife and settling the estate and carrying out the terms of his will which his attorney had drafted the trust Department continues to manage mrs. bishops investment portfolio serves as her financial secretary by collecting and forwarding investment dividends [Music] and sees to it that mrs. Bishop receives the information she needs to complete and file her income tax returns [Music] as commercial bankers an important part of our job is to make our facilities attractive and convenient for all of our customers retail businesses which need change for their daily operations get it here on payday we make up entire company payrolls in this area and make our facilities available for employees to cash their paychecks here in our main vault customers who wish to safeguard valuable documents can rent a safe deposit box and this is our new drive-in window where customers can deposit or withdraw funds without even getting out of their cars we also have facilities for customers who have occasion to make deposits outside of regular banking hours as businessmen we realize that we must provide many services to meet a wide variety of needs and as citizens we are anxious to continue to meet the expanding financial requirements of our community [Music] the day is over and the doors of the bank on Main Street are closed tomorrow the bank will go right on keeping people's money safe cashing checks transferring funds advising people on their investments and making loans loans to finance a farmer's crop help a retailer carry his inventory finance a new business or help an established business expand there will always be a continuing need for the full service commercial bank and as it privately owned and operated business your bank realizes the value of helping other businesses in your community for as your town grows and prospers so too will your bank be able to expand its program of services and assistance your town is a good place to live in and the economic part of your town is the commercial bank on Main Street [Music]