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" ... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. "
Session Laws of the State of Wyoming - Side 32
av Wyoming - 1897
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Analytical Credits: A Study in Brief of the Methods Used to Accumulate ...

Alexander Wall - 1921 - 258 sider
...cent.1 of the unimpaired capital and surplus of such bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. (e) It is indorsed by a member bank. (f) It conforms to all applicable provisions of this regulation....
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Acceptances, Their Importance as a Means of Increasing and Simplifying ...

American Exchange National Bank, New York - 1921 - 108 sider
...and surplus of that State bank or trust company; but in determining the amount of money 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...
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Commercial Banking Practice Under the Federal Reserve Act: The Law and the ...

National Bank of Commerce in New York - 1921 - 178 sider
...trust company, but in determining the amount of money borrowed from such State bank or 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...
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The Development of Federal Reserve Policy

Harold Lyle Reed - 1922 - 352 sider
...an exception to this statement is made by the following clause: This restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. The decisive question relates to the question of when a bill will be considered as drawn against "actually...
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North Carolina Corporation Code, Annotated: Containing the Statutes ...

James Hinton Pou - 1922 - 1021 sider
...having a paid-in capital of more than seven hundred and fifty thousand dollars : Provided, however, that the discount of bills of exchange drawn in good faith against actually existing values, the discount of trade acceptances or other commercial paper actually owned by the person, firm or corporation...
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Barnes' Federal Code: Containing All Federal Statutes of General and Public ...

United States - 1922 - 2831 sider
...paid in and unimpaired, and 10 per centum of its unimpaired surplus fund: Provided, however, That (1) the discount of bills of exchange drawn in good faith against actually existing values, including drafts and bills of exchange secured by shipping documents conveying or securing title to...
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Digest of Legal Opinions of Thomas B. Paton: General Counsel of the American ...

Thomas Bugard Paton - 1922 - 760 sider
...unimpaired capital and surplus, the total not to exceed thirty per cent, of the capital, but provides that "the discount of bills of exchange drawn in good faith against actually existing values, .... shall not be considered as money borrowed." Section 13 of the Federal Reserve Act, authorizing...
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The Development of Federal Reserve Policy

Harold Lyle Reed - 1922 - 352 sider
...capital and surplus of the lending bank. To this general statement exceptions are to be made in case of "bills of exchange" drawn in good faith against actually existing values. Furthermore, in order to encourage the purchase and acquirement of war securities an act of limited...
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The Federal Reserve Act (approved December 23, 1913) as Amended August 4 ...

United States - 1923 - 120 sider
...centum of the unimpaired capital and surplus of said bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any Federal reserve bank may discount acceptances of the kinds hereinafter described, which have a...
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Outlines of the Social Sciences

Elmer S. Nelson, Charles Emanuel Martin, William Henry George - 1923 - 780 sider
...paid in and unimpaired, and 10 per centum of its unimpaired surplus fund: Provided, however, That (1) the discount of bills of exchange drawn in good faith against actually existing values, including drafts and bills of exchange secured by shipping documents conveying or securing title to...
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