12 U.S.C. § 604 — Accounts of foreign branches; profit and loss

submitted 113 years ago by ch. 6 to r/title-12-BANKS-AND-BANKING · 57 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

Every national banking association operating foreign branches shall conduct the accounts of each foreign branch independently of the accounts of other foreign branches established by it and of its home office, and shall at the end of each fiscal period transfer to its general ledger the profit or loss accrued at each branch as a separate item.

Source credit: (Dec. 23, 1913, ch. 6, § 25 (par.), 38 Stat. 273; Sept. 7, 1916, ch. 461, 39 Stat. 756.)

history & why it existsrecord from the source credit

1913Enacted · Act of Dec. 23, 1913, ch. 6 · 38 Stat. 273
1916Amended · Act of Sept. 7, 1916, ch. 461 · 39 Stat. 756

A history note hasn’t been published yet. The record shows enactment by ch. 6 on 1913-12-23.

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