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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 xxix
by Michigan. Banking Division - 1922
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Laws Passed by the Legislature of the State of Nebraska

Nebraska - 1895 - 546 pages
...total li abm '' bank to such bank exceed fifty (50) per cent of the paid up capital of such bank. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as money borrowed....
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Laws Passed by the Legislature of the State of Nebraska

Nebraska - 1889 - 726 pages
...or corporation exceed fifty (50) per cent, of the paid up capital of said bank or corporation. But the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed....
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Laws, Joint Resolutions, Appropriations and Memorials Passed by the ...

Nebraska - 1919 - 1290 pages
...individual, more than twenty per cent of the paidup capital and surplus of such bank, but the discounting of bills of exchange, drawn in good faith, against...actually existing values, and the discount of commercial paper actually owned by the persons negotiating the same, shall not be considered as money borrowed...
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Committee Prints

United States. Congress. Senate. Committee on Rules and Administration - 1952 - 892 pages
...to a sum not in excess of 50 per cent of the capital and surplus of such bank. (3) The 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 person negotiating the same shall...
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Hearings on S. Res. 301: Hearings Before a Select Committee to ..., Parts 1-2

United States. Congress. Senate. Select Committee to Study Censure Charges - 1954 - 1082 pages
...limitation of thjrfty per cent in addition to the limitation hereinbefore stated, and the 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 person negotiating the same, shall...
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United States Supreme Court Reports, Volume 64

United States. Supreme Court - 1920 - 998 pages
...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 faith...discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." 64 b. ed. The pertinent...
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Cases Argued and Decided in the Supreme Court of the United ..., Volumes 251-253

United States. Supreme Court - 1921 - 1362 pages
...shall in no event cxceed thirty per centum of the capital stock of the association] . But the disfount of bills of exchange drawn in good faith against actually existing values, and the diséount of commercial or business paper actually owned by the person negotiating the same, shall...
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Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking ...

United States Congress. House. Banking and Currency Committee - 1958 - 908 pages
...per centum of the unimpaired capital and surplus of said bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions...
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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 - 260 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 faith...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 the ...

United States. Congress. House. Committee on Banking and Currency - 1959 - 344 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 faith...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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