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1210 x-3005 FEDERAL RESERVE B-; 0 A R D. STATEMENT FOR THE »RESS. For release on Saturday morning, January 1, 1921. On Wednesday, December 29, 1920, the Federal Reserve Board approved the a r t i c l e s of a s s o c i a t i o n and organization c e r t i f i c a t e of the Federal International Banking Company, a corporation organized under the provisions of Section 25(a) of the Federal Reserve Act, commonly known as the "Edge Act". The capital of t h i s corporation i s $7,000,000 and i t s home o f f i c e i s in New Orleans, Louisiana. It i s incorporated for the purpose of engaging in the business of international or foreign banking or other international or foreign financial operations. Pending the issue of a f i n a l permit to commence business the corporation has authority t o exercise only those powers which are incidental and preliminary to i t s organization. Washington, D. C. December J l , 1920.
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