...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...

...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...

...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...

...checks and drafts upon solvent members of other Federal reserve banks, payable upon presentation. Upon the indorsement of any of its member banks, with a...drafts, and bills of exchange arising out of actual commericial transactions ; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...

...Federal Reserve Act: Upon the indorsement of any of its member banks, with a waiver of demand, notice or protest by such bank, any Federal Reserve Bank may...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...

...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...

...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...

...becoming a member of a Federal reserve bank shall have the right to discount to a Federal reserve bank, notes, drafts, and bills of exchange arising out of actual commercial transactions and to endorse the same with a waiver of demand, notice and protest and to do any other thing necessary...

...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...

...reserve banks. The Act of 1913 provides that Federal reserve banks may discount for member banks, . notes, drafts and bills of exchange arising out of actual commercial transactions and having at the time of discount a maturity of not more than ninety days. The Act specifically excludes...