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TREASURY DEPARTMENT INTER OFFICE COMMUNICATION DATE; May To FROM 28, 1934. Mr. Eccles H. H* Edflfeftteton. RE: Branch Banking Bill (S# 605) reported out of Committee by Senator Barkley. May 2U* This bill is not of great importance. It simply permits National banks to establish branches under certain limited conditionstw*/*^^* ' "Whenever the United States shall own, or have, a Federal reservation of any kind, in airy county or counties, of any State in the Union in which reservation there is no State, national, or branch bank$ any national bank in any such county * * may * * * establish therein a branch of such bank # * * and that any national banking association legally established and situated in a Territory or possession of the United States may * * * establish and operate new branches at any point within the Territory or possession where such association is situated•"