Ogden Daily Standard | 1914-01-28 | Page 1 | Branch Banks to Join System

BRANCH BANKS I TO JOINSYSTEM I Extension of New Banking jH Law to U. S. Institutions in South America Proposed. Washington, Jan. 28. American branch banks in South America, prin-cipally prin-cipally in Rio De Janeiro. Buenos Ayres, Valparaiso, and Lima and be-ing be-ing contemplated by several groups of bankers of the United States, planning a Latin-American extension of their institutions as- permitted un-der un-der the new banking law. John Barrett, director general of the Pan-American union, which is working to aid tho proposed exten-sion, exten-sion, said today he had information IH that actual progress toward the cs- IH tablishment of South American branches was actually being made. jH nn