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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... "
Incorporating Institutions to Engage in International Or Foreign Banking ... - Halaman 25
oleh United States. Congress. Senate. Committee on Banking and Currency - 1919 - 28 halaman
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Outlines of Economics

1893 - 769 halaman
...federal reserve system. Federal reserve banks may rediscount (for their member banks) shorttime notes and bills of exchange " issued or drawn for agricultural, industrial, or commercial purposes," and conforming to certain specifications which have been carefully formulated by the Federal Reserve...
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Yearbook of agriculture. 1914

1915
...banking facilities to the rural districts. It was specifically provided that a Federal reserve bank might "discount notes, drafts, and bills of exchange arising...purposes, or the proceeds of which have been used or are to be used for such purposes." The Federal Reserve Board was given the right to define the character...
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Readings in Civil Government

Percy Lewis Kaye - 1910 - 535 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 - 541 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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Suggested Plan for Monetary Legislation

Nelson Wilmarth Aldrich - 1911 - 24 halaman
...arising out of commercial transactions. (This language, whenever used, is intended to apply to all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities.) Such notes and bills must have...
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Banking Reform

James Laurence Laughlin - 1912 - 428 halaman
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other...
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U.S. Money Vs. Corporation Currency, "Aldrich Plan.": Wall Street ...

Alfred Owen Crozier - 1912 - 406 halaman
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other...
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Great Leaders and National Issues of 1912: Containing the Lives and Services ...

L. T. Myers - 1912 - 320 halaman
...their reserves. Commercial paper available for this purpose, as defined by the plan, includes all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, but not for carrying stocks, bonds, or other investment securities. This will enable the banks of the...
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The Americana: A Universal Reference Library, Comprising the Arts ..., Volume 21

Frederick Converse Beach, George Edwin Rines - 1912
...it, notes and bills of exchange arising out of commercial transactions, by which term is meant notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities. Such notes and bills must have...
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Banking and Currency: Hearings Before the Committee on Banking and ..., Bagian 1

United States. Congress. Senate. Committee on Banking and Currency - 1913
...bank may discount notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural,...purposes, or the proceeds of which have been used for such purposes, the Federal reserve board to have the right to determine or define the character...
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