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" Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of... "
Organized Banking - Halaman 330
oleh Eugene Ewald Agger - 1918 - 385 halaman
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American Legal News, Volume 31

1920 - 584 halaman
...interest. The law authorizes the federal reserve banks upon the endorsement of any of its member banks, to discount notes, drafts and bills of exchange arising out of actual commercial transactions, having a maturity of not more than ninety days, except notes secured by staple agricultural products...
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Readings in Civil Government

Percy Lewis Kaye - 1910 - 594 halaman
...re-discounting. With the indorsement of a member bank, the federal reserve bank may discount for such member bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides...
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 halaman
...their own member banks, and from the United States, and from each other, but not from individuals. They may discount notes, drafts, and bills of exchange arising out of actual commercial transactions and indorsed by any member banks in their own districts, and maturing in not more than ninety days...
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Journal of the Institute of Bankers, Volume 35

Institute of Bankers (Great Britain) - 1914 - 768 halaman
...upon solvent member banks payable upon presentation. Upon the endorsement of any of its member banks any Federal reserve bank may discount notes, drafts...exchange arising out of actual commercial transactions, or the proceeds of which have been used, or are to he used for such purposes, the Federal Reserve Board...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 138 halaman
...the indorsement of any of its member banks, with a waiver of demand, notice and protest by such bank, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commericial transactions ; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 128 halaman
...the indorsement of any of its member banks, with a waiver of demand, notice and protest by such bank, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commericial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...
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The American Business Manual, Including Organization ..., Volume 1

Francis Joseph Reynolds - 1914 - 420 halaman
...the indorsement of any of its member banks, with a waiver of demand, notice or protest by such bank, any Federal Reserve Bank may discount notes, drafts and bills of exchange arising out of the actual commercial transactions; that is, notes, drafts and bills of exchange issued or drawn for...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 24

1914 - 710 halaman
...Federal Reserve Banks will be the rediscounting of commercial paper for member banks. This paper may be "notes, drafts, and bills of exchange arising out of actual commercial transactions," or "acceptances which are based on the importation or exportation of goods." The maturity of the paper...
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Political Science Quarterly, Volume 29

1914 - 790 halaman
...re-discounting. With the indorsement of a member-bank, the federal reserve bank may discount for such member-bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 24

1914 - 684 halaman
...Federal Reserve Banks will be the rediscounting of commercial paper for member banks. This paper may be "notes, drafts, and bills of exchange arising out of actual commercial transactions," or "acceptances which are based on the importation or exportation of goods." The maturity of the paper...
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