 | Board of Governors of the Federal Reserve System (U.S.) - 1918 - 724 pages
...of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the 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... | |
 | National Bank of Commerce in New York - 1918 - 140 pages
...of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the 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... | |
 | Eugene Ewald Agger - 1918 - 408 pages
...of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the 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... | |
 | Kentucky - 1918 - 808 pages
...drawn against actually existing value and the purchase or discounting of commercial or business paper actually owned by the person negotiating the same shall not be considered as borrowed money within the meaning of this section in fixing the limit of indebtedness of any person,... | |
 | Washington (State) - 1919 - 1484 pages
...actually existing values, and the discount of commercial or business paper upon solvent parties and actually owned by the person negotiating the same,...shall not be considered as money borrowed: Provided, That loans secured by collateral security having an ascertained market value of at least fifteen per... | |
 | Michigan. Banking Division - 1919 - 864 pages
...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." This provision, as found in our General Banking Law and also in the National Banking Law, has never... | |
 | Archibald John Wolfe - 1919 - 556 pages
...of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the 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... | |
 | Archibald John Wolfe - 1919 - 556 pages
...of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the 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... | |
 | Michigan. Banking Division - 1920 - 840 pages
...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." You will note from reading the foregoing that while the total liability of any person, firm or corporation... | |
 | Wisconsin. Banking Dept - 1920 - 542 pages
...in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." In some instances it has been found there is a tendency to abuse this provision of the law, and a limit... | |
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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. 
