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" 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... "
Agricultural inquiry - Halaman 341
1922
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Acceptance Primer

Foreign Trade Banking Corporation, New York - 1918 - 22 halaman
...an actual commercial transaction, domestic or foreign; that is, it — Must be a bill which has been issued or drawn for agricultural, industrial, or commercial...purposes or the proceeds of which have been used, or are to be used for the purpose of producing, purchasing, carrying, or marketing goods in one or...
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Annual Report, Volume 4

Board of Governors of the Federal Reserve System (U.S.) - 1918
...an actual commercial transaction, domestic or foreign ; that is, it must be а bill wbich has been issued or drawn for agricultural, industrial, or commercial purposes or the proceeds of which have been used or are to be used for the purpose of producing, purchasing, carrying, or marketing goods in one or...
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Annals of the American Academy of Political and Social Science, Volume 77-78

1918
...liquid. To this end they may discount for their member banks only "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." Further the law specifically excludes "notes, drafts, or bills...
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Organized Banking

Eugene Ewald Agger - 1918 - 385 halaman
...actual commercial transactions; that is, it must be a note, draft, or bill of exchange which has been 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. (c) It was not issued for carrying or trading in stocks, bonds,...
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Instructions of the Comptroller of the Currency Relative to the Organization ...

United States. Office of the Comptroller of the Currency - 1919 - 145 halaman
...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...
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Incorporating Institutions to Engage in International Or Foreign Banking ...

United States. Congress. Senate. Banking and Currency Committee - 1919 - 28 halaman
...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 which are to be used for such purposes, the Federal Reserve Board to have the right to determine...
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Theory and Practice of International Commerce

Archibald John Wolfe - 1919 - 548 halaman
...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...
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Theory and Practice of International Commerce

Archibald John Wolfe - 1919 - 548 halaman
...actual commercial transactions; that is, it must be a note, draft, or bill of exchange which has been 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; (c) It was not issued for carrying or trading in stocks, bonds,...
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Annual Report, Volume 5

Board of Governors of the Federal Reserve System (U.S.) - 1919
...(c) It must have arisen out of actual commercial transactions; that is, be a bill •which has been issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been or are to be used for such purposes (d) It must not have been issued for carrying or trading in stocks,...
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Acceptances

Guaranty Trust Company of New York - 1919 - 76 halaman
...months. 9. It must have arisen out of actual commercial transactions, namely, it must be an instrument drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been or are to be used for such purposes. 3. It must not have been issued to carry or trade in stocks, bonds,...
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