...operations of the reserve banks from the beginning. " Tpon the indorsement of any of its member banks, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual transacUons; that is. notes, drafts, aud bills of exchange issued or drawn for agricultural, Industrial,...

...1015. (c) It must have arisen out of actual commercial transactions: that is, be a bill which has been issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been or are to be used for such purposes. (d) It must not have been issued for carrying or trading in stocks,...

...such a bank would have authority to rediscount with the Federal Reserve bank of which it is a member, notes, drafts and bills of exchange issued or drawn...for agricultural, industrial or commercial purposes, having not more than 90 days to run, to any reasonable extent which may be approved by the Federal...

...the indorsement of any of its member banks, with a waiver of demand, notice and protest by such bank, any Federal reserve bank may discount notes, drafts and bills of exchange arising out of commercial actual transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...

...the indorsement of any of its member banks, with a waiver of demand, notice and protest by such bank, any Federal reserve bank may discount notes, drafts and bills of exchange arising out of commercial actual transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...

...thatr— (a) It must be a negotiable note, draft, or bill of exchange which has been issued or drawn, or the proceeds of which have been used or are to be used in the first instance, in producing, purchasing, carrying, or marketing goods ' in one or more of the...

...presenting commercial paper for. rediscount to the Reserve Association, when such paper consisted of notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes. Notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other investment securities...

...notes, drafts, and bills of exchange secured by staple, etc. AGRICULTURAL PURPOSES. § 13:1. 44: p. 14. Any Federal reserve bank may discount notes, drafts, and bills of exchange issued or drawn for, industrial or commercial purposes, etc. § 13 :L 8:p. 15. Notes, drafts, and bills...

...about commodity paper and about acceptances growing out of exports and imports. But with respect to the "notes, drafts, and bills of exchange arising out of actual commercial transactions" the discussion waxed warm. The issue was drawn between what is known as "single-name paper" and what...

...notes, drafts, and bills of exchange secured by staple, etc. AGRICULTURAL PURPOSES. § 13:1. 44: p. 14. Any Federal reserve bank may discount notes, drafts, and bills of exchange issued or drawn for, industrial or commercial purposes, etc. § 13:1. 8:p. 15. Notes, drafts, and bills...