Section 1
SECTION 1. All persons or corporations engaged in banking in the Philippine Islands, whether doing business as branches of a principal bank in another country or not, shall, on or before the fifteenth day of January, April, July, and October in each year, make reports to the Treasurer for the Islands, which shall conform as nearly as may be to the reports required to be made by national hanks of the United States under the laws of the United States and the regulations of the Comptroller of the Currency to such Comptroller, which reports, when made by corporations doing business in the Philippine Islands as branches of a principal bank in another country, shall specifically state all the details of the business conducted during the preceding quarter in the Philippine branch thereof, and shall also report the financial condition of its principal bank at the latest practicable period prior to the date of such reports. They shall also contain such further and other data as may be called for by the Treasurer for the Islands, either on regular forms or by special inquiries.