NATIONAL BANKING UNDER THE FEDERAL I RESERVE SYSTEM
district system of organization means that every correspondent bank
has a group of officers at The National City Bank, definitely assigned
to serve the correspondent’s interests in every way possible.
Washington Bureau
One of the most significant of the unusual services which The
National City Bank of New York renders its banking clients is
through the Bank’s Washington Bureau, which is maintained for the
purpose of giving personal representation before the Treasury Depart-
ment and similar government divisions. The functions of this Bureau
include:
— Performing the duties of an agent in connection with counting and verifying
worn and mutilated bank notes, witnessing their destruction, and examining
at necessary intervals bonds on deposit with the Treasurer of the United
States as security for circulation or public deposits.
2— Attending to the details in connection with deposits, withdrawals, substitu-
tions, or transfer of bonds for postal savings or other accounts, and the col-
lection of postal savings bonds.
3—Receiving interest and coupons on bonds held at the Treasury, and trans-
mitting coupons or effecting collections as the owners desire.
4—Notifying banks by wire, if requested, when the Comptroller of the Currency
calls for a statement of condition.
5— Answering inquiries from correspondents on matters of record in the various
departments or governmental bureaus, which are available to the public.
6—Furnishing copies of bills and resolutions introduced before Congress.
7—Supplying copies of Supreme Court decisions or other public documents, as
well as rules and regulations promulgated by the various executive depart-
ments, boards, and commissions, such as the Federal Reserve Board, ete.
3— Attending to matters relating to government contracts and filing bids with
necessary deposit of funds to guarantee them.
9— Filing of applications for passports, and attending to matters relating to
patents, copyrights, land titles. pensions. services. claims. ete.
Any of these matters will be cared for, without charge, for any of
The National City Bank’s correspondents. Every bank that is a
member of the Federal Reserve System, or which contemplates at
some future time entering the system, will find the aid given by such
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