Secretary of the Treasury. That excess shall be considered a contingent obligation backed by the full faith and credit of the Government of the United States of America. (j) Reserves The Bank shall maintain reserves against the Bank’s transaction accounts in such amount as the Board may determine appropriate, but not greater than 14 percent of the Bank’s total transaction accounts in excess of $25,000,000. (k) Branches The Bank shall establish an office of lending and deposit in each city that has a Federal reserve bank, via the internet, and in any other location where the Board determines it appropriate. 204. Formation of regional economic accelerator planning groups (a) In general The Bank, through its branch offices, shall facilitate the organization of at least 7 Regional Economic Accelerator Planning Groups, to be defined by common economic, demographic, and infrastructure linkages. (b) Duties The Regional Economic Accelerator Planning Groups may— (1) organize themselves by, and be composed of, State and local public sector officials, including through multijurisdictional or multistate agreements among agencies