 Federal reserve 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...  United States Congressional Serial Set - Pagina 61930Vizualizare completă - Despre această carte
 | Richard Theodore Ely - 1893 - 826 pagini
...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 pagini
...drafts, and bills of exchange arising out of actual commercial transactions — that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...used for such purposes." The Federal Reserve Board was given the right to define the character of paper thus eligible for discount. It was further distinctly... | |
 | Horace White - 1911 - 576 pagini
...maturing in not more than ninety days from the time of the discount, " the Federal Reserve Board having the right to determine or define the character of the paper thus eligible to discount." This definition shall not include notes, drafts, and bills drawn for stock speculation.... | |
 | Nelson Wilmarth Aldrich - 1911 - 30 pagini
...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... | |
 | Alfred Owen Crozier - 1912 - 434 pagini
...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 pagini
...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... | |
 | L. T. Myers - 1912 - 372 pagini
...their reserves. Commercial paper available for this purpose, as defined by the plan, includes all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, but not for carrying stocks, bonds, or other investment securities. This will enable the banks of the... | |
 | Frederick Converse Beach, George Edwin Rines - 1912 - 822 pagini
...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... | |
 | 1913 - 492 pagini
...drafts and bills of exchange arising out of actual commercial transactions; that is, notes, drafts and bills of exchange issued or drawn for agricultural,...or are to be used, for such purposes, the Federal Rerserve Board to have the right to determine, or define the character of the paper thus eligible to... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1913 - 988 pagini
...bank may discount notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural,...purposes, or the proceeds of which have been used for such purposes, the Federal reserve board to have the right to determine or define the character... | |
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