WHY BANK EMPLOYEES SHOULD TAKE THEIR VACATIONS.

WHY BANK EMPLOYEES SHOULD TAKE THEIR VACATIONS. Many years ago, an economist laughed when he told me that the Boston Federal Reserve Bank acted as if it were a real bank with money inside. They had the same security guards that they would have if they were at risk of bank robberies. And they required employees to take at least two weeks of vacation in a year just as if they were at risk for embezzlement. That was the first it occurred to me that it would be good if bank employees were away from the account books for a time every year. Several letter writers and columnists have pointed out that the Rogue Trader could not have kept up his juggling of fake trades if he had had to take a vacation.