The growth of foreign branch banking has been promoted by the war and the consequent increase of our foreign trade, and, on the other hand, it has been a leading factor in developing that trade. Branch banks push the financing of foreign trade in their areas, through the parent bank and in dollar exchange; and through its branches the parent bank obtains an accurate knowledge of the standing and credit of foreign merchants, so that it can act as adviser of American exporters. The branches are ready to negotiate drafts on foreign acceptors and to act as agents for the collection and transmission of proceeds of items. They also perform other financial functions in the payment of debts between the countries (covering imports, exports, travel, interest, loans, etc.), and also the ordinary local banking services in their areas, such as receiving deposits, making loans, and granting discounts. In addition the branches may be used by the parent bank to gather special information and make daily reports on the trade, industrial, and commercial conditions of their areas.