Full text : National banking under the Federal Reserve System

New York CORRESPONDENT

obligation may be obtained from this Bank’s credit department.

Credit Files

The credit files of The National City Bank of New York contain
credit information on upwards of 875,000 names, domestic and foreign.
 Correspondents of The National City Bank of New York have
access to this body of credit information; they are finding that every
day, by drawing upon the information contained in these credit files,
they are able to render most valuable service to their own clients.

Telegraphic Facilities

The National City Bank has direct telegraphic wires connecting
with the important business centers of the nation, and through this
system of direct communication, the Bank is able to effect for its correspondents
 transfers of funds, ete., with a minimum loss of time.

Publications

The Bank publishes a considerable volume of educational literature
which is available to all of its correspondent banks.” Chief among the
Bank’s regular publications is its Monthly Bulletin, which is a review
and interpretation of current economic, financial and commercial conditions.
 A plan has been worked out whereby special editions of this
publication are available for distribution by The National City Bank’s
correspondents. These special editions carry the correspondent bank’s
own advertisement, and are proving a very effective advertising and
publicity medium to the correspondent banks that are at present
using their own editions. A special folder explaining this service in
detail, and giving an estimate of the small cost involved. will be furnished
 upon request.
The Publicity Department is called upon from time to time to
advise with correspondent banks regarding their publicity and advertising
 campaigns; to place in New York publications advertisements
for correspondents, (such as legal notices required by the National
Bank Act) and to advise regarding sources of material for publicity
purposes.

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