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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. "
Public and Local Acts of the Legislature of the State of Michigan - Page 11
by Michigan - 1891
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House Journal

Kansas. Legislature. House of Representatives - 1908
...transit, or upon warehouse or elevator receipts as collateral security, and the discount of ciimmcrcial or business paper actually owned by the person negotiating...the same, shall not be considered as money borrowed. Overdrafts shall be considered borrowed money for the purpose of this act. and stocks or bonds of the...
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Public Laws and Resolutions of the State of North Carolina Passed by the ...

North Carolina - Session laws - 1923
...surplus of such industrial bank, but the discount of bona fide bills of exchange or acceptances drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company, or firm negotiating the same, shall not be considered money so borrowed....
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Committee Prints

United States. Congress. Senate. Committee on Rules and Administration - 1952
...discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...the same, shall not be considered as money borrowed within the meaning of this subsection. The limitation herein provided shall apply only to new loans...
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 190

Illinois. Supreme Court - Law reports, digests, etc - 1901
...shall at no time exceed one-tenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." The legislative intent in the enactment of this statute was to prescribe the duties of those officials...
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Hearings on S. Res. 301: Hearings Before a Select Committee to Study ..., Part 2

United States. Congress. Senate. Select Committee to Study Censure Charges - Misconduct in office - 1954
...discounting of bills of exchange drawn in good faith against actually existing values and the discounting of commercial or business paper actually owned by...the same shall not be considered as money borrowed within the meaning of subsections (1) and (2) of this section. (5) No bank shall make or renew any...
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The Federal Reserve Act of 1913, with Amendments and Laws Relating to Banking

United States - Banking law - 1958
...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...
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Member Bank Reserve Requirements, Hearings Before ...,86-1 OnS.860 AndS.1120 ...

United States. Congress. Senate. Banking and Currency Committee, United States. Congress. Senate. Committee on Banking and Currency - 1959 - 243 pages
...shall not at any time exceed ten percent of the capital and surplus of such bank or trust company ; but the discount of bills of exchange drawn in good...values and the discount of commercial or business paper of solvent parties, actually owned by the person negotiating the same, shall not be considered as money...
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Member Bank Reserve Requirements: Hearings Before Subcommittee No.2 of ...

United States Congress. House. Banking and Currency Committee - 1959 - 325 pages
...shall not at any time exceed ten percent of the capital and surplus of such bank or trust company; but the discount of bills of exchange drawn in good...values and the discount of commercial or business paper of solvent parties, actually owned by the person negotiating the same, shall not be considered as money...
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Hearings, Reports and Prints of the Senate Committee on Banking and Currency

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1963
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEO....
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Federal Banking Laws and Reports, 1780-1912 ..., 50th Anniversary, 1913-1963 ...

United States. Congress. Senate. Committee on Banking and Currency - 1963 - 529 pages
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEO....
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