...of the Federal Reserve Act provides that Federal reserve banks may buy and sell in the open market "bankers' acceptances and bills of exchange of the...maturities by this Act made eligible for rediscount." The Federal Reserve Board has ruled that the words, "of the kinds, etc.," qualify only bills of exchange...

...of the kinds and maturities by this Act made eligible for rediscount and cable transfers.' The words 'and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, thus constituted one separate and complete clause with a comma at) the beginning and at the end, and...

...requirements that the ratio to deposits is not as high as non-member banks are obliged to maintain. firms, corporations, or individuals, cable transfers and bankers' acceptances and bills of exchange eligible for rediscount with or without the endorsement of a member bank. It is also lawful for it:...

..."Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad,...bank. "Every Federal reserve bank shall have power; " (b) To buy and sell, at home or abroad, bonds and notes of the United States, and bills, notes, revenue...

...reguSrpt. *,P iBieYss lations prescribed by the Federal Reserve Board, purchase and sell sut., 752, chap, in the open market, at home or abroad, either from or to domestic June 'si^'mMf!) or foreign banks, firms, corporations, or individuals, cable transfers sut., 232, chap,...

...Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad,...with or without the indorsement of a member bank. Are the following classes of bills eligible for purchase in the open market by federal reserve banks?...

..." Federal reserve bank may, under rules and regulations pre" scribed by the Federal Reserve Board, purchase and sell in the "open market, at home or...made eligible for re-discount, " with or without the endorsement of a member bank," and also gives power to deal in gold coin and bullion, and to buy and...

...Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad,...bills of exchange of the kinds and maturities by this chapter made eligible for rediscount, with or without the indorsement of a member bank. (Dec. 23, 1913,...

...Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad,...firms, corporations, or Individuals, cable transfers end bankers' acceptances and bills of exchange of the kinds and maturities by this act made eligible...

...power * * * (3) to make contracts." Under section 14 the Federal reserve banks are authorized to " purchase and sell in the open market at home or abroad, either from or to domestic or foreign banks * * * bankers' acceptances and bills of exchange of the kinds and maturities by this act made eligible...