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" 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... "
Principles of Money and Banking: A Series of Selected Materials - Página 461
por Harold Glenn Moulton - 1916 - 785 páginas
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Outlines of Economics

Richard Theodore Ely - 1893 - 826 páginas
...federal reserve system. Federal reserve banks may rediscount (for their member banks) shorttime notes and bills of exchange " issued or drawn for agricultural, industrial, or commercial purposes," and conforming to certain specifications which have been carefully formulated by the Federal Reserve...
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Yearbook of agriculture. 1914

1915 - 808 páginas
...facilities to the rural districts. It was specifically provided that a Federal reserve bank might "discount notes, drafts, and bills of exchange arising out of...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....
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American Legal News, Volume 31

1920 - 584 páginas
...law authorizes the federal reserve banks upon the endorsement of any of its member banks, to discount notes, drafts and bills of exchange arising out of actual commercial transactions, having a maturity of not more than ninety days, except notes secured by staple agricultural products...
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Motor West: Automotive Trade Leader in America's Leading Market, Volume 35

1921 - 672 páginas
...business and all paper which is eligible under the terms of section 13 of the Federal Reserve act, that is, notes, drafts and bills of exchange issued or drawn for commercial, agricultural and industrial purposes, is eligible for rediscount at any Federal Reserve...
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Readings in Civil Government

Percy Lewis Kaye - 1910 - 594 páginas
...re-discounting. With the indorsement of a member bank, the federal reserve bank may discount for such member bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides...
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Suggested Plan for Monetary Legislation

Nelson Wilmarth Aldrich - 1911 - 30 páginas
...arising out of commercial transactions. (This language, whenever used, is intended to apply to all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities.) Such notes and bills must have...
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 páginas
...banks, and from the United States, and from each other, but not from individuals. They may discount notes, drafts, and bills of exchange arising out of actual commercial transactions and indorsed by any member banks in their own districts, and maturing in not more than ninety days...
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Banking Reform

James Laurence Laughlin - 1912 - 452 páginas
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other...
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U.S. Money Vs. Corporation Currency, "Aldrich Plan.": Wall Street ...

Alfred Owen Crozier - 1912 - 434 páginas
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other...
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The Americana: A Universal Reference Library, Comprising the Arts ..., Volume 21

Frederick Converse Beach, George Edwin Rines - 1912 - 822 páginas
...it, notes and bills of exchange arising out of commercial transactions, by which term is meant notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities. Such notes and bills must have...
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