Commercial Banking Practice Under the Federal Reserve Act: The Law and Regulations, the Informal Rulings of the Federal Reserve Board, and the Opinions of Counsel Governing Bank Acceptances, Rediscounts, Advances, and Open Market Transactions of the Federal Reserve BanksService Department National Bank of Commerce in New York, 1918 - 127 páginas |
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Commercial Banking Practice Under the Federal Reserve Act: The Law and ... National Bank of Commerce in New York Visualização integral - 1918 |
Commercial Banking Practice Under the Federal Reserve Act: The Law and ... National Bank of Commerce in New York Visualização integral - 1918 |
Commercial Banking Practice Under the Federal Reserve Act: The Law and ... National Bank of Commerce in New York Visualização integral - 1918 |
Palavras e frases frequentes
accept drafts acceptor actually existing value agricultural paper ances bank may accept bank may discount banks or bankers bill drawn bill of ex bill of exchange borrower Bulletin capital and surplus carrying or trading cent limit centum ceptance collateral Commercial paper commodity paper conveying or securing corporation days of grace drafts and trade drafts drawn drafts or bills drawee eligible for purchase eligible for rediscount eligible paper eral reserve bank EVIDENCE OF ELIGIBILITY exchange drawn exclusive of days Federal Reserve Act Federal reserve bank Federal Reserve Board Finance importation or exportation ineligible Informal Ruling investments live stock loan member bank national bank negotiable nonmember bank Opinion of Counsel Opinions and Rulings paid-up and unimpaired paper secured payable proceeds promissory notes Provisions Any Federal Regulations of Federal Section 13 securing title Series of 1917 shipping documents six months staple stock and surplus trade acceptance transactions involving United War Finance Corporation warehouse receipts
Passagens conhecidas
Página 49 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Página 45 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Página 43 - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Página 66 - Notes, drafts, and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...
Página 12 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months...
Página 36 - ... no bank shall accept such bills to an amount equal at any time in the aggregate...
Página 102 - Any Federal reserve bank may discount acceptances which are based on the importation or exportation of goods and which have a maturity at time of discount of not more than three months, and indorsed by at least one member bank.
Página 68 - The aggregate of notes, drafts, and bills bearing the signature or indorsement of any one borrower, whether a person, company, firm, or corporation rediscounted for any one...
Página 43 - States, shall (except to the extent permitted by rules and regulations prescribed by the Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to a limitation of 15 per centum of such, capital and surplus in addition to such 10 per centum of such capital and surplus.
Página 94 - Provided, That notes, drafts, and bills drawn or issued for agricultural purposes or based on live stock and having a maturity not exceeding six months may be discounted in an amount to be limited to a percentage of the capital of the Federal reserve bank, to be ascertained and fixed by the Federal Reserve Board.