It will be noted that interbranch accounts are not shown in the foregoing statement. That is because the statement represents the consolidated accounts of the main office and all branches and divisions. Interbranch and in-terdivision accounts are, of course, eliminated by the process of consolidation because if one branch owes another it is an asset of one and a liability of the other. The institution as a whole is not affected by interbranch borrowing and transactions.