LIBRARY 
CONTIRENTAL AKD COMERCIL 
NATIONAL BANK 
FOREWORD 
This volume is an attempt to supply definite information concern- 
ing every routine or usual point likely to come up in the organization 
and administration of a national bank under the Federal reserve 
system. The National City Bank issued its first publication regard- 
ing banking nineteen years ago, and the repeated requests which have 
come from thousands of banks and individuals have made necessary 
repeated ‘editions of the original work, which has been modified and 
brought up to date with each succeeding edition. 
The edition which was issued in 1912 was called National Banks 
of the United States. In addition to the subject of bank organiza- 
tion, this edition contained an analysis of the national banking law, 
together with a supplement containing specimens of practically all 
the forms that national banks must use. This edition received a 
wide distribution not only among those who were interested in organ- 
izing new banks, but likewise among the executives of existing banks. 
The enactment of the Federal Reserve Act rendered obsolete a 
great deal of the material in National Banks of the United States. 
The National City Bank hesitated about issuing a new edition of the 
book until the circumstances governing the operation of the Federal 
reserve system had become more or less stabilized. That time 
appeared to have been reached about three years ago, and the bank 
accordingly issued National Banking Under the Federal Reserve Sys- 
lem, which met with a wide welcome from bankers all over the coun- 
try, as well as from many students of banking in other parts of the 
world. 
The present volume is to bring the publication just mentioned up 
to date. The revisions which have been made embrace changes in 
the law effected by enactment of the McFadden Bill in February, 
1927. In the earlier pages of the book there has been included a 
brief history of national banking since the passage of the National 
Bank Act in 1863. The technical details of organizing a national 
bank are set forth; an analysis of both the Federal Reserve Act and 
the National Bank Act so far as they affect the management, super- 
vision and general business practises of the national banks of the 
country is given. The Reserve Act itself is reprinted and carefully