Narionan BANKING UNDER THE FEDERAL RESERVE SYSTEM 
Every national bank either operating foreign branches or owning 
stock in a bank or corporation engaged in international banking 
must furnish to the Comptroller of the Currency, upon demand, 
information concerning the condition of such branches, banks or 
corporations. 
Before any national bank can purchase stock in such a corporation 
as that described above, the corporation itself must enter into an 
agreement with the Federal Reserve Board to restrict its operations 
or conduct its business in the manner in which the Board may pre- 
scribe. 
The accounts of each foreign branch of any national bank must 
be conducted separately from the accounts of the bank’s other 
branches and its home office, and the bank must at the end of each 
fiscal period transfer to its general ledger the profit or loss accrued at 
each branch as a separate item. 
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