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" But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. "
Acts of the Legislature of the State of Michigan - Página 11
de Michigan - 1891
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Annual Report, Volume 7

Board of Governors of the Federal Reserve System (U.S.) - 1921 - 668 páginas
...trust company the discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not be included. Any Federal Reserve Bank may make advances to ite member banks on their promissory notes...
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Analytical Credits: A Study in Brief of the Methods Used to Accumulate ...

Alexander Wall - 1921 - 280 páginas
...capital and surplus of such State bank or trust company. in good faith against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not be included. Any Federal Reserve Bank may make advances to its member banks on their promissory notes...
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Acceptances, Their Importance as a Means of Increasing and Simplifying ...

American Exchange National Bank, New York - 1921 - 128 páginas
...so borrowed, the discount of bills of exchange drawn in good faith against actually existing value, and the discount of commercial or business paper actually...owned by the person negotiating the same, shall not be included. The amendment of March 3, 1919, also permitted Federal reserve banks, with the consent of...
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Commercial Banking Practice Under the Federal Reserve Act: The Law and the ...

National Bank of Commerce in New York - 1921 - 188 páginas
...trust company the discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not be included. (Regulation A, Series of 1920, A, I.) ELIGIBILITY OF NOTES, DRAFTS, AND BILLS OF EXCHANGE...
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Digest of Legal Opinions of Thomas B. Paton: General Counsel of the American ...

Thomas Bugard Paton - 1922 - 782 páginas
...Opinion: There is a similar provision of the National Bank Act excluding from the 10% limit of that Act "The discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same." It has been ruled that a bank may discount without limit, bills of exchange drawn by the seller of...
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North Carolina Corporation Code, Annotated: Containing the Statutes ...

James Hinton Pou - 1922 - 1032 páginas
...surplus of such industrial bank, but the discount of bona fide bills of exchange or acceptances drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company, or firm negotiating the same, shall not be considered money so borrowed....
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History of Banking in Iowa

Howard Hall Preston - 1922 - 484 páginas
...computing the money borrowed, however, it was provided that the discount of bills of exchange, drawn against actually existing values, and the discount...commercial or business paper actually owned by the persons or firm negotiating the same, should not be included. Supervision of savings banks was placed...
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Materials for the Study of Banking

James Dysart Magee - 1923 - 794 páginas
...these without regard to the 10 per cent limitation, under the terms of the statute, which provides that the discount of "bills of exchange drawn in good faith...paper actually owned by the person negotiating the sale" shall not be considered as money borrowed, and this procedure would also have the advantage of...
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Trade Acceptances: What They are and how They are Used

Robert Henry Treman - 1923 - 88 páginas
[ O conteúdo desta página é restrito ]
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National Banking Under the Federal Reserve System

First National City Bank of New York - 1923 - 166 páginas
...trust company the discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not be included. Any Federal Reserve Bank Bank may make advances to its member banks on their promissory notes...
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