Study of Mortgage Credit, Volumes 22-23

Front Cover
U.S. Government Printing Office, 1959 - 397 pages
Examines problems and developments associated with homebuilding, the housing market, family income, and mortgage financing forecast during next decade.


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Page 333 - Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions...
Page 339 - Nothing in this Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount...
Page 344 - 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.
Page 2 - Director of the Bureau of Business and Economic Research at the University of Maryland, is chairman; Olive I.
Page 338 - System, extend to each member bank such discounts, advancements, and accommodations as may be safely and reasonably made with due regard for the claims and demands of other member banks, the maintenance of sound credit conditions, and the accommodation of commerce, industry, and agriculture.
Page 340 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months
Page 332 - A banker's acceptance within the meaning of this part is a draft or bill of exchange, whether payable in the United States or abroad and whether payable in dollars or some other money, accepted by a bank or trust company or a firm, person, company, or corporation engaged generally in the business of granting bankers
Page 17 - a group of persons living in the same dwelling and related by blood, marriage or adoption, who pool their incomes for their major items of expense.
Page 341 - The discount and rediscount and the purchase and sale by any Federal reserve bank of any bills receivable and of domestic and foreign bills of exchange, and of acceptances authorized by this Act, shall be subject to such restrictions, limitations, and regulations as may be imposed by the Federal Reserve Board.
Page 346 - ... purchase, made by any Federal Reserve bank or by the United States or any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned directly or indirectly by the United States: Provided, That such guaranties, agreements, or commitments arc unconditional and must be performed by payment of cash or its equivalent within sixty days after demand.

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