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" 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... "
Journal - Side 230
av Texas. Legislature. Senate - 1914
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Yearbook of agriculture. 1914

1915 - 808 sider
...facilities to the rural districts. It was specifically provided that a Federal reserve bank might "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...
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American Legal News, Volum 31

1920 - 584 sider
...law authorizes the federal reserve banks upon the endorsement of any of its member banks, to discount notes, drafts and bills of exchange arising out of actual commercial transactions, having a maturity of not more than ninety days, except notes secured by staple agricultural products...
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Readings in Civil Government

Percy Lewis Kaye - 1910 - 594 sider
...re-discounting. With the indorsement of a member bank, the federal reserve bank may discount for such member bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides...
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 sider
...banks, with a waiver of demand, notice and protest by such bank, any 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...
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Gateway, Volumer 21-22

1913 - 492 sider
...banks, with a waiver of demand, notice and protest by such bank, any 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...
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Journal of the Institute of Bankers, Volum 35

Institute of Bankers (Great Britain) - 1914 - 768 sider
...presentation. Upon the endorsement of any of its member banks any Federal reserve bank may discount notes, drafts and bills of exchange arising out of actual commercial transactions, or the proceeds of which have been used, or are to he used for such purposes, the Federal Reserve Board...
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Money and Banking

John Thom Holdsworth - 1914 - 464 sider
...banks, with a waiver of demand, notice and protest by such bank, any 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...
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Journal of the House of Representatives ... of the ... Legislature, Volum 33

Texas. Legislature. House, Texas. Legislature. House of Representatives - 1914 - 580 sider
...bills payable, certiflentos of deposit or otherwise; conferring authority upon State banks which become members of a Federal reserve bank to discount to such Federal reserve Ivmk notes, drafts, and bills of exchange arising out of actual commercial transactions, and defining...
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Political Science Quarterly, Volum 29

1914 - 790 sider
...re-discounting. With the indorsement of a member-bank, the federal reserve bank may discount for such member-bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volum 24

1914 - 710 sider
...Federal Reserve Banks will be the rediscounting of commercial paper for member banks. This paper may be "notes, drafts, and bills of exchange arising out of actual commercial transactions," or "acceptances which are based on the importation or exportation of goods." The maturity of the paper...
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