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" Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions... "
Digest of Rulings of the Federal Reserve Board (1914-1923, Inclusive): With ... - Página 112
por Board of Governors of the Federal Reserve System (U.S.) - 1924 - 407 páginas
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Acceptances

Guaranty Trust Company of New York - 1919 - 86 páginas
...transactions, namely, it must be an instrument drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been or are to be used for such purposes. 3. It must not have been issued to carry or trade in stocks, bonds, or other investment...
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Consolidated supplement to the codes and general laws of the state of ...

California - 1919 - 2242 páginas
...transactions; that is, be a bill which has been issued or drawn for industrial or commercial purposes or the proceeds of which have been or are to be used for such purposes. Bills not eligible for discount or purchase. Credit reports. Limitation on amount. No...
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Commercial Banking Practice Under the Federal Reserve Act: The Law and the ...

National Bank of Commerce in New York - 1921 - 188 páginas
...have been or are to be used by him to pay for the work of developing or building, is generally a note "the proceeds of which have been or are to be used for permanent or fixed investment" within the meaning of the Board's regulation, and therefore such a note...
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Acceptances, Trade and Bankers'

Park Mathewson - 1921 - 396 páginas
...which note have been or are to be used by him to pay for the work of developing or building, is a note "the proceeds of which have been or are to be used for permanent or fixed investments" within the meaning of the Board's regulations, and that, therefore,...
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Bank Credit and Agriculture, Under the National and Federal Reserve Banking ...

Ivan Wright - 1922 - 362 páginas
...Banks may rediscount notes, drafts and bills of exchange issued or drawn for agricultural purposes or the proceeds of which have been, or are to be, used for such purposes, the Federal Reserve Board to have the right to determine or define the character of...
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Rural Credits: Hearings Before ... on S. 4063 (H.R. 13033) ... , November 24 ...

United States Congress. House. Banking and Currency Committee - 1922 - 26 páginas
...accept drafts or bills of exchange, which — (a) Are issued or drawn for an agricultural purpose, or the proceeds of which have been or are to be used for an agricultural purpose; (b) Have a maturity, at the time of discount, purchase, or acceptance, not...
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The Annals of the American Academy of Political and Social Science

American Academy of Political and Social Science - 1922 - 828 páginas
...services furnished by him for the owner, may be considered technically eligible for discount as paper, the proceeds of which have been or are to be used for commercial or industrial purposes.16 Collateral notes of Federal Farm Loan Banks, secured by farm loan...
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Agricultural inquiry, Volume 3

1922 - 894 páginas
...are to be used for drilling oil wells. In accordance with the Federal Reserve Board's ruling, notes, the proceeds of which have been, or are to be, used for the drilling of oil wells or making any other permanent improvement, even on proven territory, are...
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Business Law for Business Men, State of California: A Reference Book Showing ...

Anthony Jennings Bledsoe - 1923 - 1184 páginas
...transactions; that is, be a bill which has been issued or drawn for industrial or commercial purposes or the proceeds of which have been or are to be used for such purposes. (e) Bills Not Eligible for Discount or Purchase. — No bill shall be eligible for discount...
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Outlines of the Social Sciences

Elmer S. Nelson, Charles Emanuel Martin, William Henry George - 1923 - 850 páginas
...agricultural paper, that is, "notes, drafts and bills of exchange issued or drawn for agricultural purposes or the proceeds of which have been, or are to be, used for such purposes, the Federal Reserve Board to have the right to determine or define the character of...
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