| 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... | |
| 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... | |
| 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... | |
| 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.... | |
| 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... | |
| 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... | |
| 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... | |
| James Anderson Fitzgerald - 1923 - 400 páginas
...twenty per cent of its paid-in capital stock and surplus. But the discount of bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person, company, corporation, or firm negotiating it, and the purchase or discount of any note or notes secured... | |
| George William Edwards - 1924 - 522 páginas
...capital and surplus, except with the approval of the Federal Reserve Board: Provided, however, That the discount of bills of exchange drawn in good faith...the same shall not be considered as money borrowed within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
| Board of Governors of the Federal Reserve System (U.S.) - 1924 - 444 páginas
...capital and surplus, except with the approval of the Federal Reserve Board: Provided, however, That the discount of bills of exchange drawn in good faith...the same shall not be considered as money borrowed within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
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