NATIONAL BANKING UNDER THE FEDERAL RESERVE SYSTEM 
Tue Trust Department will be pleased, at all times, to assist the 
clients of the Bank in solving their fiduciary problems. 
Custodian of Securities 
For many years, The National City Bank of New York has main- 
tained a separate department, the sole purpose of which is to take 
care of securities. Apart from their physical safe-keeping, the depart- 
ment attends to collection of coupons and dividends as they fall due, 
and principal when it matures. It will make such disposition of 
principal and income as directed, and use its best endeavors to notify 
of subscription privileges, securities called for payment prior to 
maturity and requests for tenders of bonds and notes for sinking 
fund purposes. 
Under special arrangements, this department keeps investment 
accounts, renders statements thereof periodically, and furnishes data 
for income tax returns. 
This department gives expert attention to securities entrusted to 
its care and the charges made for this service are nominal. 
When it is asked to obtain or dispose of securities for its corre- 
spondent banks, The National City Bank of New York is in an ex- 
ceptionally fortunate position. The Bank's affiliate, The National 
City Company, is the most extensive dealer in securities in the United 
States, carrying on its list of daily offerings the choice investments 
which appear in the market. The Company at all times holds itself 
ready to be of service to the Bank's correspondents. National City 
Company offices are located in all of the important cities of the coun- 
try, and where time is an essential element, in the purchase or sale of 
bonds, it is thus not always necessary to deal with the New York 
office. 
Commercial Paver 
From the lists of commercial paper that are offered to The National 
City Bank daily, the Bank will be glad to purchase, for its corre- 
spondents’ account (without responsibility on the Bank’s part but 
using the same care and discretion as in purchasing for its own 
account) any amount of such investments that may be desired. 
Commercial paper thus acquired is bought on 10 days’ option; per- 
tinent information regarding the firm or individual responsible for the 
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