Full text: National banking under the Federal Reserve System

NATIONAL BANKING UNDER THE FEDERAL RESERVE SYSTEM 
Library 
The Bank’s financial library contains upwards of 100,000 volumes, 
periodicals, corporate reports, etc. It is a pleasure for the Bank’s 
librarian to give suggestions to correspondent banks that wish to 
build up libraries of their own, to prepare bibliographies and lists of 
readings on financial topics when requested to do so, and, in a word, 
to make this large treasure-house of financial literature useful to the 
Bank's clients. 
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Statistical Information 
The Statistical Department of this Bank is often called upon to com- 
pile statistical reports for correspondent banks. Such requests are 
always gladly met and the information of course is furnished with 
this Bank’s compliments. 
Educational Facilities 
The Educational Department is frequently in a position to give 
counsel to correspondent banks that are interested in educational 
matters. 
Forewgn Divisions 
Since the establishing of The National City Bank of New York's 
Foreign Department back in 1897, the Bank has tirelessly striven to 
develop its facilities for foreign banking, to keep pace with the ever 
enlarging needs of American business men. With the passage of 
the Federal Reserve Act, which gave American banks the privilege 
of establishing branches abroad, the National City Bank at once 
began serving the interests of American trade by the opening of 
foreign offices. The Bank’s own branches, and those of the Inter- 
national Banking Corporation, (owned by The National City Bank) 
are located in the principal cities of South America and the Caribbean 
district, throughout the Far East, and at such important European 
commercial centers as London, Paris, Antwerp, Brussels, Lyons, 
Barcelona, Madrid and Genoa. 
This world-wide network of branches, supplemented by corres- 
pondents in all cities where branches do not exist, places The National 
City Bank of New York in a unique position for being of assistance 
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