rcantile Marine Co.; Earl D. Babst, President of the American Sugar
Refining Co.; Edgar Palmer, President of the New Jersey Zinc Co.;
Nathan C. Kingsbury, Vice-President of the Union Pacific Railroad Co.,
and Frank Krumball, Chairman of the Chesapeake & Ohio Railroad Co. Some
of the most powerful mining, manufacturing, transportation and public
utility interests in the United States are represented, directly or
indirectly, in this list.

The domestic organization of the Bank consists of five divisions, each
one under a vice-president. New York City constitutes the first
division; the second division comprises New England and New York State
outside of New York City; the three remaining divisions cover the other
portions of the United States. Except for the size and the completeness
of its organization, the National City Bank differs in no essential
particulars from numerous other large banking institutions. It is a
financial superstructure built upon a massive foundation of industrial
enterprise.

The phase of the Bank's activity that is of peculiar significance at the
present juncture is its foreign organization, all of which has been
established since the outbreak of the European war.

The foreign business of the National City Bank is carried on by the
National City Bank proper and the International Banking Corporation. The
first foreign branch of the National City Bank was established at Buenos
Aires on November 10th, 1914. On January 1st, 1919, the National City
Bank had a total of 15 foreign branches; on December 31st, 1919, it had
a total of 74 foreign branches.

The policy of the Bank in its establishment of foreign branches is
described thus in its "Statement of Condition, December 31st, 1919":
"The feature of branch development during the year was the expansion in
Cuba, where twenty-two new branches were opened, making twenty-four in
the island. Cuba is very prosperous, as a result of the expansion of the
sugar industry, and as sugar is produced there under very favorable
conditions economically, and the location is most convenient for
supplying the United States, the industry is on a sound basis, and
relations with the United States are likely to continue close and
friendly. Cuba is a market of growing importance to the United States,
and the system of branches established by the Bank is designed to serve
the trade between the two countries." The trader and the Banker are to
work hand in hand.

The Nation