...interest. The law authorizes the federal reserve banks upon the endorsement of any of its member banks, to discount notes, drafts and bills of exchange arising out of actual commercial transactions, having a maturity of not more than ninety days, except notes secured by staple agricultural products...

...re-discounting. With the indorsement of a member bank, the federal reserve bank may discount for such member bank notes, drafts, and bills of exchange arising out of actual commercial transactions. The federal reserve board determines in general the character of such paper. But the statute provides...

...their own member banks, and from the United States, and from each other, but not from individuals. They may discount notes, drafts, and bills of exchange arising out of actual commercial transactions and indorsed by any member banks in their own districts, and maturing in not more than ninety days...

...upon solvent member banks payable upon presentation. Upon the endorsement of any of its member banks any Federal reserve bank may discount notes, drafts...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...

...the indorsement of any 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,...

...the indorsement of any 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,...

...the indorsement of 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...

...banking facilities to the rural districts. It was specifically provided that a Federal reserve bank might "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,...

...amended to make the eligible paper for instalment payments that likewise described in Section 13 as "notes, drafts, and bills of exchange, arising out of actual commercial transactions" or "drawn for agricultural, industrial or commercial purposes," "the Federal Reserve Board to have...

...State banks which become members of a Federal reserve bank to discount to such Federal reserve bank notes, drafts, and bills of exchange arising out of actual commercial transactions and defining the terms of such discount; prescribing that the lien and rights obtained by a Federal...