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" 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 of which have been... "
Congressional Serial Set - Página 2
1916
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Annual Report, Volume 3

Board of Governors of the Federal Reserve System (U.S.) - 1917
...production, manufacture, or distribution. (6) It must not be a note, draft, or bill of exchange the proceeds of which have been used or are to be used for permanent or fixed investments of any kind, such as land, buildings, or machinery. (c) It must not...
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Acceptances

Guaranty Trust Company of New York - 1917 - 29 páginas
...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,...
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Money and Banking

John Thom Holdsworth - 1917 - 511 páginas
...steps of the process of production, manufacture, and distribution; and that no bill is eligible the proceeds of which have been used or are to be used for permanent or fixed investments of any kind, or for investments of a merely speculative character. From...
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Paine's Analysis of the Federal Reserve Act and Cognate Statutes: Including ...

Willis Seaver Paine - 1917 - 416 páginas
...kind, such as land, buildings, or machinery. (c) It must not be a note, draft, or bill of exchange the proceeds of which have been used or are to be used for investments of a purely speculative character. (rf) It may be secured by the pledge of goods or collateral,...
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The Law, Rules and Regulations Governing Acceptances, Rediscounts, Open ...

National Bank of Commerce in New York - 1917 - 66 páginas
...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 268,...
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Money and Banking

John Thom Holdsworth - 1917 - 439 páginas
...steps of the process of production, manufacture, and distribution; and that no bill is eligible the proceeds of which have been used or are to be used for permanent or fixed investments of any kind, or for investments of a merely speculative character. From...
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Annals of the American Academy of Political and Social Science, Volumes 77-78

1918
...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." Further the law specifically excludes "notes, drafts, or bills covering merely investments or issued...
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Commercial Banking Practice Under the Federal Reserve Act

National Bank of Commerce in New York - 1918 - 127 páginas
...change 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 such purposes; (c) It was not issued for carrying or trading in Finance paper stocks, bonds, or other investment securities,...
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Acceptance Primer

Foreign Trade Banking Corporation, New York - 1918 - 22 páginas
...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, purchasing, carrying, or marketing goods in one or more of the steps of the...
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Organized Banking

Eugene Ewald Agger - 1918 - 385 páginas
...securities, except bonds and notes of the government of the United States. (b) "Must not be a bill the proceeds of which have been used or are to be used for permanent or fixed investments of any kind, such as land, buildings, or machinery, or for investments...
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