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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 - Side 32
av Wyoming - 1897
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The Federal Reserve Act (approved December 23, 1913) as Amended August 4 ...

United States - 1923 - 132 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 - 850 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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Making Use of a Bank

James Anderson Fitzgerald - 1923 - 400 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 - 1792 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 - 166 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 - 188 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 - 794 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 - 270 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 - 628 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 - 444 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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