 | Edwin Walter Kemmerer - Federal Reserve banks - 1920 - 230 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...person negotiating the same shall not be considered as borrowed money within the meaning of this section. The Federal reserve bank, as a condition of the... | |
 | Wisconsin. Banking Dept - Banks and banking - 1920 - 542 pages
..."discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...same, shall not be considered as money borrowed." In some instances it has been found there is a tendency to abuse this provision of the law, and a limit... | |
 | United States. Supreme Court - Law reports, digests, etc - 1921 - 628 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association]. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." The pertinent portion of the other section reads as follows: "Sec. 5239. If the directors of any national... | |
 | Harold Glenn Moulton - Finance - 1921 - 826 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. (National Bank Act, as amended June 22, 1906.) c) On security of own stock: No association shall make... | |
 | William Frederick Notz, Richard Selden Harvey - Antitrust law - 1921 - 620 pages
...capital and surplus, except with the approval of the Federal Reserve Board: Provided, however, That the discount of bills of exchange drawn in good faith...the same shall not be considered as money borrowed within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
 | Political science - 1921 - 494 pages
...acceptances for any one concern is 10 per cent with the exception noted below in (6). 4. Discounts of bills of exchange drawn in good faith against actually...actually owned by the person negotiating the same are not counted as loans in regard to the above limitation of loans. 5. The liability of a customer... | |
 | Massachusetts - 1921 - 1310 pages
...fifth of such amount of the capital stock of the corporation as is actually paid up; but the APPENDIX. discount of bills of exchange drawn in good faith...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. SECTION 3. This act shall take effect upon its passage.... | |
 | Park Mathewson - Acceptances - 1921 - 396 pages
...capital and surplus of that State bank, but it is provided that the discount of bills of exchange drawn against actually existing values and the discount...owned by the person negotiating the same shall not be included in determining the amount to which a borrower is liable to such member State bank. The provisions... | |
 | Board of Governors of the Federal Reserve System (U.S.) - Banks and banking - 1921 - 668 pages
...trust company the discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not be included. Any Federal Reserve Bank may make advances to ite member banks on their promissory notes... | |
 | Alexander Wall - Credit - 1921 - 280 pages
...capital and surplus of such State bank or trust company. in good faith against actually existing value and the discount of commercial or business paper actually...owned by the person negotiating the same shall not be included. Any Federal Reserve Bank may make advances to its member banks on their promissory notes... | |
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But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 
