| Richard Theodore Ely - 1893 - 826 Seiten
...federal reserve system. Federal reserve banks may rediscount (for their member banks) shorttime notes and bills of exchange " issued or drawn for agricultural, industrial, or commercial purposes," and conforming to certain specifications which have been carefully formulated by the Federal Reserve... | |
| 1915 - 808 Seiten
...facilities to the rural districts. It was specifically provided that a Federal reserve bank might "discount notes, drafts, and bills of exchange arising out of...have been used or are to be used for such purposes." The Federal Reserve Board was given the right to define the character of paper thus eligible for discount.... | |
| 1920 - 584 Seiten
...law authorizes the federal reserve banks upon the endorsement of any of its member banks, to discount notes, drafts and bills of exchange arising out of actual commercial transactions, having a maturity of not more than ninety days, except notes secured by staple agricultural products... | |
| 1921 - 672 Seiten
...business and all paper which is eligible under the terms of section 13 of the Federal Reserve act, that is, notes, drafts and bills of exchange issued or drawn for commercial, agricultural and industrial purposes, is eligible for rediscount at any Federal Reserve... | |
| Percy Lewis Kaye - 1910 - 594 Seiten
...re-discounting. With the indorsement of a member bank, the federal reserve bank may discount for such member bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides... | |
| Nelson Wilmarth Aldrich - 1911 - 30 Seiten
...arising out of commercial transactions. (This language, whenever used, is intended to apply to all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities.) Such notes and bills must have... | |
| Horace White - 1911 - 576 Seiten
...banks, and from the United States, and from each other, but not from individuals. They may discount notes, drafts, and bills of exchange arising out of actual commercial transactions and indorsed by any member banks in their own districts, and maturing in not more than ninety days... | |
| Frederick Converse Beach, George Edwin Rines - 1912 - 822 Seiten
...it, notes and bills of exchange arising out of commercial transactions, by which term is meant notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities. Such notes and bills must have... | |
| Alfred Owen Crozier - 1912 - 434 Seiten
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other... | |
| James Laurence Laughlin - 1912 - 452 Seiten
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other... | |
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