A. All branches are managed by a manager, assisted by a local board of directors, selected from among the best qualified commercial, industrial, and agricultural representatives in the region.
Q. Do the branches have business relations with the merchants, farmers, and all classes of people of the locality?
A. Yes, they are open to everybody.
Q. You have, I suppose, in the branches regular clients who have an account with you?
A. Yes, and a considerable number of them.
Q. Do your branches do the same kind of business as the branches of the Crédit Lyonnais?
A. The Bank of France and its numerous branches do all banking business consistent with the laws properly regulating a bank of issue.
Q. A bill drawn in New York on France, on a bank, for instance, the Crédit Lyonnais, at Paris, and accepted by it, would it be admissible for discount?
A. Yes, if it bore, besides the signature of the French establishment accepting it, at least one other French signature; that of the person presenting it, for instance, having a current account at the Bank of France.
Q. A part of your portfolio comes from rediscounting for banks?