APPENDIX 
of the Treasury shall require the associations thus desig- 
nated to give satisfactory security, by the deposit of 
United States bonds and otherwise, for the safe-keeping 
and prompt payment of the public money deposited with 
them, and for the faithful performance of their duties 8s 
financial agents of the Government: Provided, That the 
Secretary shall, on or before the first of J anuary of each 
year, make a public statement of the securities required 
during that year for such deposits. And every associa- 
tion so designated as receiver or depositary of the public 
money shall take and receive at par all of the national 
currency bills, by whatever association issued, which have 
been paid into the Government for internal revenue, or 
for loans or stocks: Provided, That the Secretary of the 
Treasury shall distribute the deposits herein provided for. 
as far as practicable, equitably between the different 
States and sections. 
Any association may, upon the deposit with it of public 
money of a State or any political subdivision thereof, give 
security for the safe-keeping and prompt payment of the 
money so deposited, of the same kind as is authorized 
by the law of the State in which such association is located 
in the case of other banking institutions in the State 
CONDITIONS GOVERNING ESTABLISHMENT OF BRANCHES 
BY NATIONAL BANKS 
Section 5155, Revised Statutes, as amended by the act approved 
February 25, 1927 
Sec. 5155. The conditions upon which a national bank- 
ing association may retain or establish and operate a 
branch or branches are the following: 
(a) A national banking association may retain and 
operate such branch or branches as it may have in lawful 
operation at the date of the approval of this Act, and any 
national banking association which has continuously 
maintained and operated not more than one branch for 
a period of more than twenty-five years immediately 
preceding the approval of this Act may continue to 
maintain and operate such branch. 
(b) If a State bank is hereafter converted into or con- 
solidated with a national banking association, or if two 
or more national banking associations are consolidated, 
such converted or consolidated association. may, with 
respect to any of such banks, retain and operate any of