1988-06-01 12:01 AGC
852 5 865 2720 P.04
$
LINKLATERS & PAINES
2.
I also understand that Edge Act corporations are federally chartered international banking corporations in which national and state member banks of the Federal Reserve System may invest. Edge Act corporations were created under the Edge Act of 1919, which was substantially amended by the International Banking Act of 1978. Edge Act corporations were created for several reasons: (a) to provide federally supervised international banking and financial corporations with powers sufficiently broad to enable affective competition with foreign banks; (b) to provide a means of financing international trade to United States exporters and importers; (c) to foster participation by regional United States banks in international banking and financing services; (d) to stimulate competition by providing international banking and financing services throughout the United States; and (f) to facilitate the export of United States goods and services to achieve a sound United States trade position.
I am also enclosing the original of the letter from Rainier International Bank, a copy of which was enclosed with and referred to in paragraph 3 of my letter of yesterday's date.
I understand from Vincent Bramhall of Johnson, Stokes & Master that he will be sending you the documents referred to in paragraphs 2 and 4 of my letter of yesterday's date. If you have any further query, please let me
know.
Yours sincerely,
find food
Encla.
c.c.
Mr. R. Allcock
Attorney General's Chambers
DAB31011
(David Barnes)
Barne
TOTAL P.04