Commercial Banking Practice Under the Federal Reserve Act: The Law and the Regulations, Rulings and Opinions of Counsel of the Federal Reserve Board Governing Bank Acceptances, Rediscounts, Advances and Open Market Transactions of the Federal Reserve Banks
National Bank of Commerce in New York, 1921 - 178 halaman
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accept drafts accepting bank acceptor actually agent aggregate agricultural amount ance apply authority Bank Acceptances bankers bill of lading bills of exchange bonds borrower capital and surplus cent character collateral Conditions considered corporation cotton countries covering determined discount dollar domestic draft drawn drafts or bills drawer eligible for rediscount exceed excess exchange drawn export fact February Federal Reserve Act Federal reserve bank Federal Reserve Board Federal Reserve Bulletin finance fixed foreign funds furnishing grow importation indorsement ineligible investments involving issued letter of credit liabilities limitations loans March marketable maturity meaning member bank ment national bank negotiable notes Opinion of Counsel Opinions and Rulings paper payable proceeds purchase reasonably Regulation require section 13 secured Series of 1920 shipment shipping documents six months staples Statutory Provisions tion trade acceptance transaction United unless warehouse receipts
Halaman 107 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Halaman 69 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Halaman 64 - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Halaman 69 - ... notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount ; but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose, of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Halaman 94 - Notes, drafts, and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...
Halaman 151 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...
Halaman 74 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Halaman 28 - ... no bank shall accept such bills to an amount equal at any time in the aggregate...
Halaman 113 - ... notes, drafts and bills of exchange arising out of actual commercial transactions; that is, notes, drafts and bills of exchange issued or drawn for agricultural, industrial or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes, the Federal Reserve Board to have the right to determine or define the character of the paper thus eligible for discount, within the meaning of this Act.