Mondays for Me #38 ~ Take it to the Bank!

I loved school as a child. I loved learning, I loved reading and writing, I loved recess, but mostly I loved just being away from home. My home life wasn’t the best and this was my escape. I was fortunate enough to have a great 5th grade teacher, who recognized my situation and showed me extra attention and kindness. When anything came up at school that required each classrooms’ participation, Mrs. Holman always picked me for it.

During the second week of school we were informed that one person from each grade would be chosen to be the “banker” for that grade. There were 3 classes per grade so it was a big deal to be chosen. I don’t know how it was determined who would represent a grade, but I was chosen for mine. I was so excited, even though I had no idea what I was going to be doing. Within a couple of days we had the first meeting of the “school bankers”. I learned that our responsibility was to go to all 3 of our grades’ classrooms and give a talk about why it was important to save money. Then we informed the kids that they could open their own savings account and on each Friday they could bring their money to school and “deposit” it in the bank. The perk for me was all 6 of the “bankers” got to go to the large Valley National Bank building in downtown Tucson, AZ. We were to take a tour of it and learn about money.

On the day of the trip to the bank, we all wore our best clothes. To be honest, when we pulled up to this 11-story building I had big butterflies in my stomach. However, once we went inside, they disappeared! There was so much to look at, especially all the people. We got to go behind the counter and watch the tellers give and receive money. We toured the safe deposit box room and along the way, the guide explained what everything was and its purpose. Then we were herded into the elevator, and we rode it to the 11th floor. All of these floors were just offices, but we did get to look out the windows. What a treat for a bunch of kids who had never been in a tall building before!

Then came the best part. We returned to the main floor and met the bank manager. He escorted us to the elevator once again, only this time we went to the basement. There was an enormous, round, metal door with a large lever on it. The manager opened it and we got to go inside. We were in the bank vault where all the money was kept. We viewed how they banded and stacked the different denominations of bills and coins. The manager reached into a drawer and pulled out a bill. He told us we were getting a special treat because very few people got to see what we were about to see. He then pulled out a 100,000 dollar bill! It was passed around, and we all got to hold it and look at it. It was a great day and experience.

That Friday after lunch, we were set up in the cafeteria with each grade having our own table. The children filed in and came to their grades table with their money in hand. My job was to “open” an account for them by putting their name on a saving book. I then took the money and wrote the amount on the first line, and then gave the book to the student. I counted all of the money from that day and place it in an envelope with the amount written on the outside. When we all were done, we took them to the Principals office. We did this each week, adding the new amount to the individual books until the end of school, when we refunded the children’s money. The average payout was $9, which was a lot of cash in 1966. I learned a lot during this process, the most important one was how and why to save money. Oh, I have had a great story to tell about handling a 100,000 dollar bill for all these years.

I am a professional genealogist, writer, photographer, wife, mother, and grandma. I have two books available on Amazon.com: Your Family History: Doing It Right the First Time and Planning Your Genealogy Research Trip. You can also connect with me via Facebook or Twitter.

6 thoughts on “Mondays for Me #38 ~ Take it to the Bank!

  1. I grew up in CA and we had “bank books” which we sent to the bank each week with our little cash deposits, usually a dime or a quarter. I remember my balance by the time I was 10 or so was about $120.00. I just looked up how much that would be in today’s money and it is $1,014.34. Wow, that is a lot of money for a little kid. I also had a mother who was a piece of work and she wanted my money, I don’t know what for but I do remember telling her she could have it if I got $20 to spend on myself. I swear she probably used it to buy some clothes or something – I was so mad that I spent $16.00 on a stuffed cat with long flowing hair….something I didn’t even really want. But even so, I remember the bank books fondly!

  2. I’d forgotten about childhood savings programs. I think our money actually got deposited in a bank. But I can’t recall any details about it. You do have a great story!

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