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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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Making Use of a Bank

James Anderson Fitzgerald - 1923 - 371 sider
...rediscount or purchase by a Federal reserve bank. plus of the bank. This restriction does " not apply to the discount of bills of exchange drawn in good faith against actually existing values." In the beginning the reserve banks were the only banks of rediscount. Later banks of rediscount were...
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The Federal Reserve System, Legislation, Organization and Operation

Henry Parker Willis - 1923 - 1765 sider
...985.4 .885.1 ,973 4 1.124.7 1.108.5 I.1I7.S 1,225.3 5,610.8 5.953.9 restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values." This exception or exemption has long been asked for in the interest of legitimate business transactions....
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National Banking Under the Federal Reserve System

First National City Bank of New York - 1923 - 152 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.' 13b. Any Federal reserve bank may discount acceptances of the kinds hereinafter described, which have...
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National Banking Under the Federal Reserve System

First National City Bank of New York - 1923 - 152 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.1 13b. Any Federal reserve bank may discount acceptances of the kinds hereinafter described,...
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Materials for the Study of Banking

James Dysart Magee - 1923 - 769 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.2 Any Federal reserve bank may discount acceptances of the kinds hereinafter described, which...
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Consolidation of National Banking Associations, Etc

United States. Congress. House. Committee on Banking and Currency - 1924 - 253 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 nor to the discount of notes secured by not less than a like amount of obligations of the United States...
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The Discount Policy of the Federal Reserve System

Benjamin Haggott Beckhart - 1924 - 604 sider
...per cent 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. 5) that it is indorsed by a member bank. 6) that it conforms to all applicable provisions of the regulation....
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Digest of Rulings of the Federal Reserve Board (1914-1923, Inclusive): With ...

Board of Governors of the Federal Reserve System (U.S.) - 1924 - 407 sider
...25004—24 17 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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Practical Banking

Gerald William Jamieson - 1925 - 214 sider
...time exceed thirty per cent of the amount of capital and surplus of such bank; but the discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall...
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Consolidation of National Banking Association, Hearings Before ..., 68-2 on ...

United States. Congress. Senate. Banking and Currency Committee - 1925 - 120 sider
...paper. Liberalization as to renewed commercial or business paper. No limit. No limit. No limit. 5,000 'Discount of bills of exchange drawn in good faith against actually existing values." Works out same as bill. ' Discount of commercial or business paper actually owned by the parent company,...
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