Commercial Paper: A Text Book for Merchants, Bankers and InvestorsBabson institute, incorporated, 1920 - 317 pages |
Other editions - View all
Commercial Paper: A Text Book for Merchants, Bankers and Investors (Classic ... Roger Ward Babson No preview available - 2017 |
Commercial Paper: A Text Book for Merchants, Bankers and Investors Roger Ward Babson No preview available - 2012 |
Common terms and phrases
accounts payable accounts receivable amount asset currency available wealth Babson Bank of England Bank of France bankers bills discounted bills of exchange bonds business conditions buyer cash central reserve centum chandise charges collateral loans commercial paper Compositplot considerable corporation customers debt demand depositors deposits drafts or bills earnings eligible for discount endorse Equal Reaction factors Federal Reserve Act Federal reserve bank Federal Reserve Board Federal reserve notes firm fixed assets form of borrowing funds gold interest rates investments Law of Equal lend lender liabilities liquid margin of safety maturity medium of finance member bank merchandise mercial paper mortgage national banks note broker note issue panic period prime bills profit proper purchase quick assets railroad rediscount Reichsbank salable secured sell single name paper six months statement tion Trade acceptances transactions United usually
Popular passages
Page 117 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 113 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions...
Page 256 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 263 - Any Federal reserve bank may receive from any of its member banks, and from the United States, deposits of current funds in lawful money, national-bank notes, Federal reserve notes, or checks, and drafts, payable upon presentation, and also, for collection, maturing notes and bills...
Page 266 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months...
Page 269 - Federal reserve notes, to be issued at the discretion of the Federal Reserve Board for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized.
Page 265 - Notes, drafts and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...
Page 267 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...
Page 269 - Federal reserve notes may, upon the direction of the Secretary of the Treasury, be deposited in Federal reserve banks, which banks, when required by the Secretary of the Treasury, shall act as fiscal agents of the United States;1 and the revenues of the Government or any part thereof may be deposited in such banks, and disbursements may be made by checks drawn against such deposits.
Page 256 - The act merely provided that as soon as practicable the Secretary of the Treasury, the Secretary of Agriculture, and the Comptroller of the Currency, acting as "The Reserve Bank Organization Committee...