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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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Cotton and the Cotton Market, by W. Hustace Hubbard

William Hustace Hubbard - 1923 - 503 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) ...... (d) The aggregate of notes, drafts, and bills of exchange...
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Applied Business Finance

Edmond Earl Lincoln - 1923 - 772 halaman
...Federal Reserve Banks, "commercial paper" may be defined as follows: "Notes, drafts or 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, that is in producing, purchasing, carrying, or marketing goods...
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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 - 407 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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The Discount Policy of the Federal Reserve System

Benjamin Haggott Beckhart - 1924 - 604 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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Brokers' Loans: Hearings Before ..., 70-1 on S.res. 113 ..., February 9, 29 ...

United States. Congress. Senate. Bsnking and Currency Committee - 1928 - 96 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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United States Congressional Serial Set

1930
...exchange arising out of actual commercial transactions; that is, notes, drafte, 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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Amendments to Federal Reserve Act Permitting the Discounting of Notes of ...

United States. Congress. Senate. Banking and Currency Committee, United States. Congress. Senate. Committee on Banking and Currency - 1933 - 17 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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Credit Unions, Hearing Before a Subcommittee of ... 73-1, on S.1639 ... S ...

United States. Congress. Senate. Banking and Currency Committee - 1933 - 32 halaman
...was established. Under the Federal Reserve Act, the Federal Reserve banks may discount paper which is issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which are used for such purposes, and it is evident from the provisions of the act that it was the intention...
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Credit Unions: Hearings Before a Subcommittee of the Committee on Banking ...

United States. Congress. Senate. Committee on Banking and Currency - 1933 - 32 halaman
...was established. Under the Federal Reserve Act, the Federal Reserve banks may discount paper which is issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which are used for such purposes, and it is evident from the provisions of th» act that it was the intention...
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New Outlook, Volume 124

1920
...and bills of exchange eligible for rediscount must arise " out of actual commercial transactions — for agricultural, industrial, or commercial purposes, or the proceeds of which have been used or are to be used for such purposes." Notes, drafts, and bills of exchange may also he rediseonnted...
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