export trade of the United States, which has attained
unprecedented proportions in the last year or two.
The facilities afforded by the First National Bank at
Pittsburgh, in promoting exports and imports, have aided
very materially in the commercial expansion of the nation.
In this branch of banking, as well as in all details of domestic
finance, this institution offers expert service. Cargoes of
merchandise on their way to any part of the world can be
financed economically and satisfactorily by our trained
specialists. Direct correspondents and ample resources
permit this to be done.
Particular mention is made of the facilities of our
Foreign Exchange Department, as follows:
ForREIGN EXCHANGE:
Drafts, Cheques, Money Orders and Bills of Exchange
are bought and sold at current rates in dollars or foreign
currencies.
CommEeRciAL CREDITS:
We issue Letters of Credit, drafts against which may
be drawn at sight or time, to finance imports and exports.
COLLECTIONS:
Cheques and drafts are accepted for collection payable
in foreign currencies, and when necessary we make ad-
vances pending collection.
ACCEPTANCES:
For the purpose of financing imports, exports or domes-
tic shipments, Acceptance Credits are granted maturing
at thirty, sixty, or ninety days. Commodities stored in
warehouses may also be financed under such Credits.
ForeiGN CrEDIT INFORMATION:
We place at the disposal of our clients, the services of
our Foreign Credit Department, and will gladly secure
special reports either by mail or cable. Our friends and
customers are invited to make use of these facilities and
acquaint our foreign department with the products in
which they are interested and the countries where they
wish to develop business.