 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 21916Visualização integral - Acerca deste livro
 | 1915
...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... | |
 | Horace White - 1911 - 541 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.... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1913 - 3176 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,... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1913
...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... | |
 | First National City Bank of New York - 1913 - 77 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... | |
 | 1914 - 568 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,... | |
 | Virginius Gilmore Iden - 1914 - 118 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,... | |
 | John Thom Holdsworth - 1914 - 439 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,... | |
 | 1914
...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... | |
 | Clarence Walker Barron - 1914 - 223 páginas
...arising out of actual commercial transactions" or "drawn for agricultural, industrial or commercial purposes," "the Federal Reserve Board to have the...eligible for discount, within the meaning of this Act." It will thus be seen that the Act may need amendment unless foreign acceptances and bills of exchange... | |
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