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" 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... "
Congressional Serial Set - Página 2
1916
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Yearbook of agriculture. 1914

1915 - 808 páginas
...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." The Federal Reserve Board was given the right to define the character of paper thus eligible for discount. It was further distinctly...
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 páginas
...maturing in not more than ninety days from the time of the discount, " the Federal Reserve Board having the right to determine or define the character of the paper thus eligible to discount." This definition shall not include notes, drafts, and bills drawn for stock speculation....
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Banking and Currency: Hearings Before the Committee on Banking ..., Partes 13-24

United States. Congress. Senate. Committee on Banking and Currency - 1913 - 1142 páginas
...be read. Does not this give a pretty wide latitude : " The proceeds of which have been used, or may be used, for such purposes, the Federal reserve board...eligible for discount within the meaning of this act." It says up above, the same section, "notes and bills of exchange issued or drawn for agricultural,...
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Banking and Currency: Hearings Before the Committee on Banking and ..., Parte 1

United States. Congress. Senate. Committee on Banking and Currency - 1913 - 988 páginas
...issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used for such purposes, the Federal reserve board...eligible for discount, within the meaning of this act; but such definition shall not include notes or bills issued or drawn for the purpose of carrying or...
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Pending Banking Legislation: Letters by Officers of the National City Bank ...

First National City Bank of New York - 1913 - 88 páginas
...exchange issued or drawn for agricultural, industrial, or commercial purposes, the Federal Eeserve Board to have the right to determine or define the...eligible for discount, within the meaning of this Act; but such definition shall not include notes or bills issued or drawn for the purpose of carrying or...
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Gateway, Volumes 21-22

1913 - 492 páginas
...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, the Federal Rerserve Board to have the right to determine, or define the character of the paper thus eligible to...
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Banking: Part I: Banking Principles

1914 - 600 páginas
...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,...of this Act. Nothing in this Act contained shall be construed to prohibit such notes, drafts and bills of exchange, secured by staple agricultural products,...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 138 páginas
...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,...of this Act. Nothing in this Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products,...
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Money and Banking

John Thom Holdsworth - 1914 - 464 páginas
...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,...of this Act. Nothing in this Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products,...
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Journal of Accountancy, Volume 18

1914 - 512 páginas
...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...paper thus eligible for discount within the meaning of the act." Thus the question of safety is narrowed down to what will be the policy and practice of the...
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