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" to destroy the force and effect of the limitation Itself. The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper, actually owned... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxvii
by Michigan. Banking Division - 1926
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Study of Mortgage Credit, Volumes 22-23

United States. Congress. Senate. Committee on Banking and Currency - 1959 - 892 pages
...this section to any limitation based upon such capital and surplus. "(2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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Study of Subcommittee Credit, Hearings Before a Subcommittee of ..., 86-1 ...

United States. Congress. Senate. Banking and Currency Committee - 1959 - 892 pages
...this section to any limitation based upon such capital and surplus. "(2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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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 - 548 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. SEC....
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Code of Federal Regulations: Containing a Codification of Documents of ...

1963 - 414 pages
...of exchange drawn in good faith against actually existing values; (2) to obligations arising out of the discount of commercial or business paper actually owned by the person negotiating the same; (3) to the liability of a customçr on account of an acceptance made by the Corporation for his account...
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Recent Federal Reserve Action and Economic Policy Coordination ..., Part 1

United States. Congress. Joint Economic Committee - 1966 - 332 pages
...this section to any limitation based upon such capital and surplus. "(2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section...
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Report

California Board of Bank Commissioners - 1880 - 242 pages
...(including in the liabilities of a company or firm the liabilities of the several members thereof). " But the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, shall not be considered as money borrowed." We do not desire to be considered too radical in our suggestions,...
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Edge Corporation Branching, Foreign Bank Takeovers, and International ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1979 - 686 pages
...bills of exchange drawn in good faith against actually existing values; (ii) obligations arising out of the discount of commercial or business paper actually owned by the person negotiating the same; (iii) obligations drawn in good faith against actually existing values and secured by goods or commodities...
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Edge Corporation Branching, Foreign Bank Takeovers, and International ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1979 - 676 pages
...bills of exchange drawn in good faith against actually existing values; (ii) obligations arising out of the discount of commercial or business paper actually owned by the person negotiating the same; (iii) obligations drawn in good faith against actually existing values and secured by goods or commodities...
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Laws of the State of Illinois: Passed by the ... General Assembly at Their ...

Illinois - 1919 - 1108 pages
...provided, further, that undivided profits shall not be construed as a part of the surplus. But (1) the discount of bills of exchange drawn in good faith against actually existing values; (2) the discount of commercial or business paper actually owned by the person negotiating the same;...
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Laws

Illinois - 1917 - 880 pages
...provided, further, that undivided profits shall not be construed as a part of the surplus. But (1) the discount of bills of exchange drawn in good faith against actually existing values; (2) the discount of commercial or business paper actually owned by the person negotiating the same;...
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