Thus, the Bank's offices and agency banks' branches function like tributaries, which flow in the direction and merge into the Central Accounts Section. CAS, Nagpur, thus plays a pivotal role in consolidating the transactions and working out the overall daily position of each government. The actual day-to-day transactions are handled by the Bank's offices and agency bank branches.
For instance, the euro area has a population of 300 million people; the US has 270 million people. The share of the euro area in world  BIS Review 34/2001  1  GDP is 16%, which is slightly less than the US share of 22%.