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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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Gano's Commercial Law: Rev

Darwin Curtis Gano, Ralph Ernest Rogers, Clyde Ordell Thompson - 1921 - 409 páginas
...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,...of this act. Nothing in this act contained shall be construed to prohibit such notes, drafts and bills of exchange, secured by staple agricultural products,...
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Amendments to Federal Reserve Act Permitting the Discounting of Notes of ...

United States. Congress. Senate. Banking and Currency Committee, United States. Congress. Senate. Committee on Banking and Currency - 1933 - 17 páginas
...described below under sections 6 (b) and 8. (r) 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, or for any other...
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New Outlook, Volume 124

1920
...of actual commercial transactions — for agricultural, industrial, or commercial purposes, or the proceeds of which have been used or are to be used for such purposes." Notes, drafts, and bills of exchange may also he rediseonnted if issued for the purpose of holding...
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Quarterly Bulletin of the Department of Agriculture, Volume 32

Florida. Dept. of Agriculture - 1922
...the provisions of the Federal Reserve Act, notes, drafts, bills of exchange or trade acceptances, the proceeds of which have been used or are to be used for breeding, raising, fattening, or marketing of live stock. In considering for rediscount papers of the...
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Trust Companies, Volume 21

1915
...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,...eligible for discount, within the meaning of this Act." Evidently this requirement was intended to set a new standard in American banking practice. The expression...
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Trust Companies, Volume 20

1915
...privilege to acceptances sued or drawn for agricultural, industrial or commercial purposes, or the proceeds of which have been used or are to be used...paper thus eligible for discount within the meaning of the act." Thus the question of safety is narrowed down to what will be the policy and practice of the...
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Trust Companies, Volume 18

1914
...issued or drawn for Agricultural, industrial or commercial purposes, or the proceeds of which have been, or are to be used for such purposes, the Federal Reserve...eligible for discount, within the meaning of this Act." Those whose interests, either as sellers in the market of single name paper, or dealers in the same—...
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Trust Companies, Volume 16

1913
...issued and drawn for agricultural, industrial and commercial purposes. The Federal Reserve Board would have the right to determine or define the character of the paper thus eligible for discount. But such definition would not include notes or bills issued for carrying or trading in stocks, bonds,...
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Trust Companies, Volume 24

1917
...transactions, that is, such as are issued or drawn {or agricultural, industrial or commercial purposes or the proceeds of which have been used or are to be used for such purposes. "The reason that trust companies in Philadelphia do not, as a rule, deal in commercial paper is because...
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United States Code, Volume 3

United States - 1971
...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 Board of Governors of the Federal Reserve System to have the right to determine or define the character...
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