Recent Federal Reserve Action and Economic Policy Coordination: Hearings, Eighty-ninth Congress, First Session, Del 1

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U.S. Government Printing Office, 1966 - 590 sider
 

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Side 134 - Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions...
Side 140 - Nothing in this 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...
Side 62 - Congress hereby declares that it is the CONTINUING policy AND responsibility of the Federal Government TO USE ALL PRACTICABLE MEANS consistent with its needs and obligations and other essential considerations of national policy WITH THE ASSISTANCE AND COOPERATION OF industry, agriculture, labor, and State and local governments, TO COORDINATE AND UTILIZE ALL ITS PLANS, FUNCTIONS, AND RESOURCES FOR THE PURPOSE...
Side 146 - 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.
Side 139 - System, extend to each member bank such discounts, advancements, and accommodations as may be safely and reasonably made with due regard for the claims and demands of other member banks, the maintenance of sound credit conditions, and the accommodation of commerce, industry, and agriculture.
Side 141 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months
Side 59 - Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of the Dominion...
Side 143 - 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...
Side 132 - 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.
Side vii - State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining...

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