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" Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of... "
Incorporating Institutions to Engage in International Or Foreign Banking ... - Halaman 25
oleh United States. Congress. Senate. Committee on Banking and Currency - 1919 - 28 halaman
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The Quarterly Journal of Economics, Volume 28

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - 1914 - 850 halaman
...commercial loans maturing within ninety days. Commercial loans are generally denned in the act as " notes, drafts and bills of exchange arising out of...purposes, or the proceeds of which have been used or are to be used for such purposes." The Federal Reserve Board is authorized to define more precisely...
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Journal of Accountancy, Volume 18

1914 - 512 halaman
...with the business public. More important, the act limits the rediscount privilege to acceptances and "notes, drafts and bills of exchange issued or drawn...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 Operation of the New Bank Act

Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 halaman
...business public. In the second place, the Act strictly limits the rediscount privilege to acceptances and "notes, drafts and bills of exchange issued or drawn...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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Why the Democrats Must Go: Or, The Elimination of Inefficiency: a Political ...

Louis Pope Gratacap - 1914 - 164 halaman
...danger resides — or seems to reside — in the possibility of rediscounting commercial paper, as "notes, drafts and bills of exchange, issued or drawn...purposes, or the proceeds of which have been used or are to be used for such purposes," and in the issuance of federal reserve notes. These extended privileges...
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Journal of the Institute of Bankers, Volume 35

Institute of Bankers (Great Britain) - 1914 - 768 halaman
...banks payable upon presentation. Upon the endorsement of any of its member banks any Federal reserve bank may discount notes, drafts and bills of exchange arising out of actual commercial transactions, or the proceeds of which have been used, or are to he used for such purposes, the Federal Reserve Board...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 138 halaman
...of its member banks, with a waiver of demand, notice and protest by such bank, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commericial transactions ; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 128 halaman
...of its member banks, with a waiver of demand, notice and protest by such bank, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commericial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural,...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 24

1914 - 710 halaman
...Federal Reserve Banks will be the rediscounting of commercial paper for member banks. This paper may be "notes, drafts, and bills of exchange arising out of actual commercial transactions," or "acceptances which are based on the importation or exportation of goods." The maturity of the paper...
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Journal of the House of Representatives ... of the ... Legislature, Volume 33

Texas. Legislature. House, Texas. Legislature. House of Representatives - 1914 - 580 halaman
...becoming a member of a Federal reserve bank shall have the right to discount to a Federal reserve bank, notes, drafts, and bills of exchange arising out of actual commercial transactions and to endorse the same with a waiver of demand, notice and protest and to do any other thing necessary...
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The American Business Manual, Including Organization ..., Volume 1

Francis Joseph Reynolds - 1914 - 420 halaman
...any of its member banks, with a waiver of demand, notice or protest by such bank, any Federal Reserve Bank may discount notes, drafts and bills of exchange arising out of the actual commercial transactions; that is, notes, drafts and bills of exchange issued or drawn for...
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