 | United States Congress. House. Banking and Currency Committee - 1959 - 348 páginas
...shall not at any time exceed ten percent of the capital and surplus of such bank or trust company; but the discount of bills of exchange drawn in good...values and the discount of commercial or business paper of solvent parties, actually owned by the person negotiating the same, shall not be considered as money... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1963 - 716 páginas
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEO.... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1963 - 548 páginas
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEO.... | |
 | Michigan. State Banking Department - 1914 - 748 páginas
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in; but the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." This provision, as found in our General Banking Law and also in the National Banking Law, has never... | |
 | Michigan. State Banking Dept - 1910 - 648 páginas
...to destroy the force and effect of the limitation itself. The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, and which, in my opinion, should be strictly construed and should be held to apply to no transaction... | |
 | Ross M. Robertson - 1968 - 286 páginas
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. Sec.... | |
 | United States. Department of the Treasury - 1901 - 840 páginas
...accordingly for the exemption from the restriction of a certain class of secured loans, as follows: "But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." In the modification of section 5200, which we will recommend, we invoke the same principle of outside... | |
 | Philippines - 2004 - 314 páginas
...reckoning compliance with the single borrower's limit. Subsection X303.4 Exclusions from Loan Limit a. The discount of bills of exchange drawn in good faith...values, and the discount of commercial or business paper which are actually owned by the person, company, corporation or association negotiating the same; b.... | |
 | 1916 - 814 páginas
...associations, actually paid in and unimpaired, and one-tenth part of its unimpaired surplus fund. * • * * But the discount of bills of exchange drawn in good...actually owned by the person negotiating the same snail not be considered as money borrowed. A member bank may, therefore, acquire from the same person... | |
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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. 
