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In Response To:
Thread Starter: BrendaC
Title: Re: Safe Deposit Box Questions

In my experience, we assigned guard key to specific individual with designated backup for lunch, etc. Under no circumstances could guard key ever leave bank premises. It was secured in dual control key box nightly.

Bank use boxes were documented by contracts with specific entry instructions. We used positions rather than names to prevent having to revise contracts every time an employee left. For example, the contract might specify that two signatures were required: one branch officer or senior officer (SVP and above) AND one employee could access the box.