 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 which...  The Operation of the New Bank Act - Page 93by Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 431 pagesFull view - About this book
 | 1915 - 808 pages
...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 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 pages
...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.... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1913 - 1142 pages
...be read. Does not this give a pretty wide latitude : " The proceeds of which have been used, or may be used, for such purposes, the Federal reserve board...eligible for discount within the meaning of this act." It says up above, the same section, "notes and bills of exchange issued or drawn for agricultural,... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1913 - 988 pages
...issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used for such purposes, the Federal reserve board...eligible for discount, within the meaning of this act; but such definition shall not include notes or bills issued or drawn for the purpose of carrying or... | |
 | 1913 - 1030 pages
...transactions; that is, notes and bills of exchange Issued or drawn for agricultural, industrial, or commercial purposes, the Federal reserve board to have the right...eligible for discount within the meaning of this act; but such distinction shall not include notes or bills issued or drawn for the purpose, of carrying... | |
 | First National City Bank of New York - 1913 - 88 pages
...exchange issued or drawn for agricultural, industrial, or commercial purposes, the Federal Eeserve Board to have the right to determine or define the...eligible for discount, within the meaning of this Act; but such definition shall not include notes or bills issued or drawn for the purpose of carrying or... | |
 | 1913 - 492 pages
...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 Federal Rerserve Board to have the right to determine, or define the character of the paper thus eligible to... | |
 | Virginius Gilmore Iden - 1914 - 128 pages
...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...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,... | |
 | John Thom Holdsworth - 1914 - 464 pages
...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...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,... | |
 | Virginius Gilmore Iden - 1914 - 138 pages
...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...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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