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" Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of... "
Index-digest of the Federal Reserve Act and Amendments: The Act of December ... - Página 209
por Board of Governors of the Federal Reserve System (U.S.) - 1915 - 490 páginas
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Yearbook of agriculture. 1914

1915 - 808 páginas
...banking 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 actual commercial transactions — that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or...
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American Legal News, Volume 31

1920 - 584 páginas
...interest. The 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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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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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 páginas
...their own member 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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Gateway, Volumes 21-22

1913 - 492 páginas
...its member banks, with a waiver of demand, notice and protest by such bank, any 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...
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Money and Banking

John Thom Holdsworth - 1914 - 464 páginas
...its member banks, with a waiver of demand, notice, and protest by such bank, any 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...
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The Operation of the New Bank Act

Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 páginas
...its member banks, with a waiver of demand, notice and protest by such bank, any 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...
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Journal, Volumes 2-3

Texas. Legislature. Senate - 1914 - 484 páginas
...its member hanks, with a waiver of demand, notice and protest by such bank, any Federal reserve hank may discount notes, drafts and bills of ex-change arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial...
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The Federal Reserve Act: A Discussion of the Principles and Operations of ...

Clarence Walker Barron - 1914 - 232 páginas
...member banks, with a If 88 waiver of demand, notice and protest by such bank, any 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...
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Banking: Part I: Banking Principles

1914 - 600 páginas
...its member banks, with a waiver of demand, notice and protest by such bank, any 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...
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