...other investment securities: nor shall any thing herein contained be construed to prohibit such notes and bills of exchange, secured by staple agricultural...merchandise from being eligible for such discount. Notes and bills admitted to discount under the terms of this paragraph must have a maturity of not...

...securities, nor shall anything herein contained be construed to prohibit the redlscounting of notes and bills of exchange secured by staple agricultural products, or other goods, wares, or merchandise. The security to the Federal reserve banks shall include the indorsement of the banks. The maturity...