NEw York CORRESPONDENT 
an organization as The National City Bank’s Washington Bureau is 
frequently indispensable. 
Interest on Balances—CQCollections 
Pu 
To its correspondent banks The National City Bank of New York 
pays the rate of interest permissible under the rules of the New York 
Clearing House Association. 
The Bank receives at par for their credit, its correspondents’ items 
falling under the discretionary rules of the Clearing House. Those 
items upon which an exchange rate is obligatory under the Clearing 
House regulations are received by The National City Bank of New 
York for correspondent banks at the minimum permissible rate. 
Trust Department 
oe 
The Bank, through its Trust Department, is authorized and pre- 
pared to act in any fiduciary capacity in which trust companies and 
state banks in New York State are permitted to act. 
Among the principal functions which the Trust Department per- 
forms are the following: 
For Individuals 
Executor and trustee under will; 
Trustee under living trust, and insurance trust; 
Administrator of an estate; 
Guardian of the property of minors; 
Committee of the property of incompetents; 
Depositary of property placed in escrow. 
For Corporations 
Trustee under mortgages or indentures securing issues of bonds or notes; 
Fiscal agent for foreign governments and states; 
Transfer agent; 
Registrar of stocks or bonds; 
Fiscal agent for the payment of dividends, coupons, and principal of bonds and 
notes; 
Depositary, as follows: Under escrow agreements; under voting trusteeships; 
under reorganization or adjustment agreements; of subscriptions to stocks 
or bonds. 
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