National banking under the Federal Reserve System

Bibliographic data

Monograph

Identifikator:: 1757542345

URN:: urn:nbn:de:zbw-retromon-135097

Document type:: Monograph

Title:: National banking under the Federal Reserve System

Place of publication:: New York

Publisher:: The National City Bank of New York

Year of publication:: 1927

Scope:: 154 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: New York correspondent

Collection:: Economics Books

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 [4]

Access restriction

Copyright

fullscreen: National banking under the Federal Reserve System

Monograph

Chapter

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation