...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." Bearing in mind the requirements of the present situation, the Federal Reserve...

...Federal Reserve Bank, at the rate to be established for open-market operations — • (a) Must be a bill the proceeds of which have been used, or are to be used, in producing, purchasing, carrying, or marketing goods in one or more steps of production, manufacture,...

...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 Reserve Board was authorized to define more precisely the nature and...

...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 Reserve Board to have the right to determine or define the character...

...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 Reserve Board to have the right to determine or define the character...

...of the steps of the process of production, manufacture, and distribution." It docs not include bills the proceeds of which have been used or are to be used " for permanent or fixed investments of any kind, such as land, buildings, machinery (including therein...

...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 Fed. Res. Board to have the right to determine or define the character of the...

...its eligibility for rediscount. (Page 268, September, 1915, Bulletin.) Eligibility of Notes. Notes, the proceeds of which have been used or are to be used for commercial purposes, otherwise complying with the regulations, are eligible for rediscount. (Page...

...must be a bill which has been issued or drawn for agricultural, industrial or commercial purposes or the proceeds of which have been used or are to be used for the purpose of producing, carrying or marketing goods in one or more of the steps of the production,...

...to be used for such purpose. No bill shall be eligible for discount or purchase by a savings bank, the proceeds of which have been used or are to be used for any of the following purposes: permanent improvements except such as are properly to be regarded...