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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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Consolidation of National Banking Associations, Hearing Before a ...

United States. Congress. Senate. Banking Currency Committee - 1926 - 372 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"; and by inserting in lieu thereof the following words: "The aggregate of such notes, drafts, and bills bearing...
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Consolidation of National Banking Associations

United States. Congress. Senate. Committee on Banking and Currency - 1926 - 372 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"; and by inserting in lieu thereof the following words: "The aggregate of such notes, drafts, and bills bearing...
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United States Congressional Serial Set

1930
...per cent of their capital and surplus, with the one exception that this restriction does not apply to the discount of bills of exchange drawn in good faith against actually existing values ; and it causes much confusion and dissatisfaction when the Federal reserve banks decline to rediscount as...
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The Code of Federal Regulations of the United States of America

1949
...time exceed 10 percent of the amount of its subscribed capital and surplus: Provided, however, That the discount of bills of exchange drawn in good faith against actually existing values, the discount of commercial or business paper actually owned by the person negotiating the same, and...
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Committee Prints

United States. Congress. Senate. Committee on Rules and Administration - 1952
...limitation of thjtfty per cent in addition to the limitation hereinbefore stated, and 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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Hearings on S. Res. 301: Hearings Before a Select Committee to Study ..., Del 2

United States. Congress. Senate. Select Committee to Study Censure Charges - 1954
...to a sum not in excess of 50 per cent of the capital and surplus of such bank. (3) 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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Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking ...

United States Congress. House. Banking and Currency Committee - 1958
...sentence of the paragraph in question which reads as follows: "But this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values." This exception or exemptioi has long been asked for in the interest of legitimate business transactions....
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Banks and Money: International and Comparative Finance in History

Geoffrey Jones - 1991 - 198 sider
...person or company. But there were two exceptions to this provision. The first exempted from the limit 'the discount of bills of exchange drawn in good faith against actually existing values' - in others words, real commercial paper. The obvious presumption here was that, because such loans...
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Insider Lending: Banks, Personal Connections, and Economic Development in ...

Naomi R. Lamoreaux - 1996 - 170 sider
...any one person or company. There were two exceptions to this provision, however. The first exempted "the discount of bills of exchange drawn in good faith against actually existing values" — in other words, real commercial paper. The obvious presumption here was that, because such loans...
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Federal Reserve Bulletin

1916
...necessary to consider the circumstances in each transaction. Section 5200 excepts from its limitations ' ' 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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