Domenech v. National City Bank of NY

The respondent, a national banking association whose principal office and place of business is in New York, ap plied for ,and obtained authority to operate branches in Puerto Rico, pursuant to § 25 of the Federal Reserve Act as amended. In 1932 the bank, as required by local law, filed with the petitioner a sworn statement of assets as a basis of assessment for taxation. By request, but under protest, it attached a memorandum stated to be for information only, in which was set forth the amount of its total assets, the sum of its capital, surplus, and undivided profits, the percentage the…