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" 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. "
Public Documents of Massachusetts - Halaman li
oleh Massachusetts - 1894
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United States Code Annotated, Volume 12

United States - 1927 - 612 halaman
...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. (Dec. 23, 1913, c. 6, § 13, 38 Stat. 263; Mar. 3, 1915, c. 93, 38 Stat. 958; Sept. 7, 1916, c. 461,...
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Annual Report of the Attorney General of the State of New York, Volume 2

New York (State). Attorney General's Office - 1912 - 768 halaman
...borrowed by any one firm from a National bank to 10 per cent, of the capital stock of such bank " but the discount of commercial or business paper actually...same, shall not be considered as money borrowed." This provision of the National Banking Act has been in force for many decades. The interpretation which...
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Annual Report of the Attorney General of the State of New York, Volume 2

New York (State). Attorney General's Office - 1912 - 778 halaman
...always taken the position that in order to come within the exception to Section 5200 USRS, relative to ' the discount of commercial or business paper actually owned by the person negotiating the same ' the paper must have been given in payment for some commodity and bear the endorsement of an actual...
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Digest of Rulings of the Federal Reserve Board (1914-1927, Inclusive): With ...

United States. Federal Reserve Board - 1928 - 808 halaman
...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; (e) It is indorsed by a member bank; and (/) It conforms to all applicable provisions of this regulation....
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United States Congressional Serial Set, Masalah 9191

1930 - 1366 halaman
...per cent of their capital and surplus, with the one exception that this restriction does not apply to the discount of bills of exchange drawn in good faith against actually existing values ; and it causes much confusion and dissatisfaction when the Federal reserve banks decline to rediscount as...
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Official Opinions of the Attorney-General of the Commonwealth of ..., Volume 2

Massachusetts. Attorney General's Office - 1907 - 736 halaman
...the liabilities of its several members, shall at no time exceed one-fifth part of such amount of the capital stock of this corporation as is actually paid...same, shall not be considered as money borrowed." I am of the opinion that, in view of the prohibition of the section quoted, a trust company may not...
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Wisconsin Session Laws

Wisconsin - 1933 - 1358 halaman
...of bills of exchange drawn m Łood faith against actually existing values, and the discounting °' commercial or business paper actually owned by the...the same, shall not be considered as money borrowed the meaning of this subsection. On and after January 15, 2, no bank shall make any new loan where the...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1899 - 650 halaman
...one-tenth part of the amount of the capital stock of such bank or banking a-sociation actually paid in. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the |*-rson negotiating the same shall not be considered as money borrowed : Provitinl, this section shall...
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Munitions Industry: September 4-6, 1934. Electric Boat Co

United States. Congress. Senate. Special Committee to Investigate the Munitions Industry - 1937 - 1760 halaman
...percent of the capital stock of the bank — the aforesaid limitation, however, not to apply to discounts of bills of exchange drawn in good faith against actually...actually owned by the person negotiating the same. In reply you are informed that this office has been advised by counsel that governments are not "corporations"...
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Trust Companies, Volume 24

1917 - 822 halaman
...their capital and surplus. But the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not IM> considered as borrowed money within the meaning of the section. Other regulations relate to impairment...
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