Full text: National banking under the Federal Reserve System

New York CORRESPONDENT 
obligation may be obtained from this Bank’s credit department. 
Credit Files 
The credit files of The National City Bank of New York contain 
credit information on upwards of 875,000 names, domestic and for- 
eign. Correspondents of The National City Bank of New York have 
access to this body of credit information; they are finding that every 
day, by drawing upon the information contained in these credit files, 
they are able to render most valuable service to their own clients. 
Telegraphic Facilities 
The National City Bank has direct telegraphic wires connecting 
with the important business centers of the nation, and through this 
system of direct communication, the Bank is able to effect for its cor- 
respondents transfers of funds, ete., with a minimum loss of time. 
Publications 
The Bank publishes a considerable volume of educational literature 
which is available to all of its correspondent banks.” Chief among the 
Bank’s regular publications is its Monthly Bulletin, which is a review 
and interpretation of current economic, financial and commercial con- 
ditions. A plan has been worked out whereby special editions of this 
publication are available for distribution by The National City Bank’s 
correspondents. These special editions carry the correspondent bank’s 
own advertisement, and are proving a very effective advertising and 
publicity medium to the correspondent banks that are at present 
using their own editions. A special folder explaining this service in 
detail, and giving an estimate of the small cost involved. will be fur- 
nished upon request. 
The Publicity Department is called upon from time to time to 
advise with correspondent banks regarding their publicity and adver- 
tising campaigns; to place in New York publications advertisements 
for correspondents, (such as legal notices required by the National 
Bank Act) and to advise regarding sources of material for publicity 
purposes. 
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