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" Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months... "
Commercial Paper: A Text Book for Merchants, Bankers and Investors - Halaman 236
oleh Roger Ward Babson, Ralph May - 1916 - 286 halaman
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Banking Progress

James Laurence Laughlin - 1920 - 376 halaman
...permitted by law to national banks. Under the new act our banks were allowed to accept, as follows: Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than...
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Philippine Islands: Acts of Congress and Treaties Pertaining to the ...

United States - 1920 - 200 halaman
...roved Sept. 7, 916 (39 Stat., 752, chap. 461) ; * * * act approved June 21, 1917 chap Ifl)" 282> -^ny member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn under regulations...
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Analytical Credits: A Study in Brief of the Methods Used to Accumulate ...

Alexander Wall - 1921 - 280 halaman
...CREATING DOLLAR EXCHANGE. I. Statutory provisions. Section 13 of the Federal Reserve Act also provides that any member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn, under regulations...
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Acceptances, Their Importance as a Means of Increasing and Simplifying ...

American Exchange National Bank, New York - 1921 - 128 halaman
...other great commercial centers abroad, and other expenses. This section of the Act reads as follows : "Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn under regulations...
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Agricultural Inquiry, Volume 2

United States. Congress. Joint commission of agricultural inquiry. [from old catalog] - 1922 - 858 halaman
...amended by adding a further provision that any member bank might accept — the exact quotation is this: Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months' sight to run. exclusive of days of grace, which grow out of transactions...
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Technical Procedure in Exporting and Importing

Morris Sigmund Rosenthal - 1922 - 338 halaman
...at the time of discount of not more than three months and are endorsed by at least one member bank. Any member bank may accept drafts or bills of exchange drawn upon it involving the importation or exportation of goods which have a maturity of not more than six months....
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The Federal Reserve Act (approved December 23, 1913) as Amended August 4 ...

United States - 1923 - 132 halaman
...not guarantee the truth of any statement made by 'an assured in filing his application for insurance. Any member bank may accept drafts or bills of exchange drawn upon it having not more than three 1 These two subparagraphs were added to sec. 5202, Revised Statutes, by...
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American Banking Methods

Leonard Le Marchant Minty - 1923 - 486 halaman
...accept drafts drawn on themselves. Under the same Section 13, as amended by the law of June 21, 1917, "any member bank may accept drafts or bills of exchange drawn upon it having not more than six months' sight to run, exclusive of days of grace, which grow out of transactions...
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National Banking Under the Federal Reserve System

First National City Bank of New York - 1923 - 188 halaman
...three months' sight, exclusive of days of grace, and which are indorsed by at least one member bank. Any member bank may accept drafts or bills of exchange drawn upon it 1Or bonds of the War Finance Corporation. See act approved Apr. 5, 1918. "Amended by section II (m),...
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Digest of Rulings of the Federal Reserve Board (1914-1923, Inclusive): With ...

Board of Governors of the Federal Reserve System (U.S.) - 1924 - 444 halaman
...DOLLAR EXCHANGE. SECTION III. STATUTORY PROVISIONS. Section 13 of the Federal reserve act also provides that any member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn, under regulations...
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