clearing-house loan certificates issued in denominations ranging from
$500 to $20,000, used for settling inter-bank balances; (2)
clearing-house certificates in currency dimensions to be used by banks
in paying their customers; (3) clearing-house checks which took the form
of checks drawn upon particular banks and signed by the manager of the
clearing-house; (4) cashier's checks (in opposition to the National Bank
act) secured by approved collateral; (5) New York drafts which were
cashier's checks drawn against actual balances in New York banks; (6)
negotiable certificates of deposit, and (7) pay checks payable to bearer
drawn by bank customers upon their banks in currency denominations.