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" actually paid in. 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.... "
Report of the Corporation Commission - Side 49
av North Carolina. Corporation Commission - 1907
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Member Bank Reserve Requirements: Hearings Before Subcommittee No. 2 of the ...

United States. Congress. House. Committee on Banking and Currency - 1959 - 325 sider
...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...
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National Bank Amendments: Hearings Before Subcommittee No.2 of the Committee ...

United States. Congress. House. Committee on Banking and Currency. Subcommittee No. 2, United States. Congress. House. Committee on Banking and Currency - 1959 - 74 sider
...percent of the unimpaired surplus fund. Limitation does not apply to— (1) Obligations arising out of the discount of commercial or business paper actually owned by the person negotiating same. loaned when the value is 115 percent. An additional 5 percent may be loaned for each 5 percent...
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National Bank Amendments: Hearings Before Subcommittee No. 2 of ... , 86-1 ...

United States Congress. House. Banking and Currency Committee - 1959 - 74 sider
...percent of the unimpaired surplus fund. Limitation does not apply to(1) Obligations arising out of the discount of commercial or business paper actually owned by the person negotiating same. (2) Obligations secured by shipping documents, warehouse receipts, or other such documents transferring...
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Study of Subcommittee Credit, Hearings Before a Subcommittee of ..., 86-1 ...

United States. Congress. Senate. Banking and Currency Committee - 1959 - 397 sider
...this section to any limitation based upon such capital and surplus. "(2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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United States Congressional Serial Set

1959
...this section to any limitation based upon such capital and surplus. (2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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United States Congressional Serial Set

1959
...limitation of 10 per centum shall be subject to the following exceptions: (2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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Study of Mortgage Credit, Volumer 22-23

United States. Congress. Senate. Committee on Banking and Currency, United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Housing - 1959 - 397 sider
...this section to any limitation based upon such capital and surplus. "(2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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Federal Banking Laws and Reports, 1780-1912 ..., 50th Anniversary, 1913-1963 ...

United States. Congress. Senate. Committee on Banking and Currency - 1963 - 529 sider
...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....
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Code of Federal Regulations: Containing a Codification of Documents of ...

1963
...of exchange drawn in good faith against actually existing values; (2) to obligations arising out of the discount of commercial or business paper actually owned by the person negotiating the same; (3) to the liability of a customçr on account of an acceptance made by the Corporation for his account...
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Recent Federal Reserve Action and Economic Policy Coordination ..., Del 1

United States. Congress. Joint Economic Committee - 1966 - 590 sider
...this section to any limitation based upon such capital and surplus. "(2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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