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    Flashbacks

    This year marks American Banker's 175th anniversary. To commemorate the milestone, we've dug into our archives to bring readers highlights from our coverage of pivotal moments in U.S. banking history. In addition to this series, look for our special 175th anniversary edition this fall.

    Family Trees of the Megabanks

    1950

    London Bank Televises Files from Remote Site

    LONDON, May 25 — The Glyn Mills Bank has installed a television receiver in which it can view, in a matter of seconds, a customer's balance sheet on file at the bank's business office 12 miles outside the city.

    Also, the bank's manager will be able to have any document in the bank's out-of-town underground vault held up to the TV screen so he can study it.

    This TV system, the first privately owned in Britain, and the first in the world to be so used by a bank, was inspired by the distant location of the bank's files which were moved to the country for safety's sake during the war-time bombing.

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