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acceptances advances agents agricultural amended amount apply appointed association authorized believe bills of exchange Bixby Board bonds capital stock cattle certificate CHAIRMAN chattel mortgages clause committee Comptroller connection consolidated corporations organized course Currency debentures deemed directors discount discussion drafts drawn effect eligible examiners exceed false Federal reserve act Federal reserve bank Federal Reserve Board Finance Government handled held indorsement industry inspection inspectors interest issued less licensed limit live stock loan companies manner maturity maturity not exceeding meeting MEYER national banks nine notes notice obligations officers paid paid-in paper paragraph pass permit person powers prescribe proceeds provisions purchase record rediscount regulations representing Secretary sell shareholders shares SHEEHAN six months STATEMENT STRONG supervision thereof thing tion Title understand United violation warehouse receipts Wingo
Página 5 - ... The taking, receiving, reserving or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Página 10 - Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products or other goods, wares or merchandise from being eligible for such discount; but such definition shall not include notes, drafts or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Página 6 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion Of its capital.
Página 3 - Such persons shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions not inconsistent with law which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Página 7 - Any inspector licensed under the provisions of subdivisions (g) who makes any statement in any inspection report or to any person for the purpose of obtaining for himself, or any other person, any advance on the security of the live stock inspected, knowing the same to be false, or who willfully overvalues any security by which an advance is secured, shall be punishable by a fine of not more than $5,000, or by imprisonment for not more than five years, or both.
Página 10 - 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 have been used, or are to be used, for such purposes...
Página 10 - 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...
Página 4 - To exercise by its board of directors or duly authorized officers or agents subject to law all such incidental powers as shall be necessary to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on...