129

Every bank or foreign bank shall keep an accounting system which shall reflect the financial condition of the bank or foreign bank, and its relations, operations and transactions with third persons whether natural or artificial, and with government organizations, and shall keep and maintain such books, records and documents which show such relations, operations and transactions.\nEvery bank or foreign bank may destroy such books, records and documents, with authorization and under the supervision of the Banking Board, after the lapse of ten years from the date of the last entry made in such books or records, or from the date on which any obligation may have ceased to be demandable under the documents in its possession.