12 U.S.C. § 604 : US Code - Section 604: Accounts of foreign branches; profit and loss
Search 12 U.S.C. § 604 : US Code - Section 604: Accounts of foreign branches; profit and loss
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.
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