 | Leland Rex Robinson - 1926 - 474 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 within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
 | United States. Congress. Senate. Banking Currency Committee - 1926 - 384 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. Since that time section 5200 of the Revised Statutes has been entirely transformed by the introduction... | |
 | Henry Parker Willis, William Howard Steiner - 1926 - 1202 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 within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1926 - 384 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. Since that time section 5200 of the Revised Statutes has been entirely transformed by the introduction... | |
 | Thomas Bugard Paton - 1926 - 1408 pages
...against actually existing values and the puri-iiase or discounting of commercial or business paper actually owned by the person negotiating the same shall not be considered as borrowed money in fixing the limit of indebtedness of any person selling or negotiating such p«per... | |
 | Michigan - 1927 - 1090 pages
...shall not be conproviso. sidered as money borrowed : Provided, however, That the foregoing limitation shall not apply to loans on real estate or other collateral securities authorized by this act, and deposited with the bank, or a trust company organized under Further the laws of this state: Provided... | |
 | Michigan - 1927 - 1388 pages
...shall not be conProviso. sidered as money borrowed: Provided, however, That the foregoing limitation shall not apply to loans on real estate or other collateral securities authorized by this act, and deposited with the bank, or a trust company organized under Further the laws of this state: Provided... | |
 | John Martin Chapman, Ray Bert Westerfield - 1927 - 798 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." — [Report of the Comptroller of the Currency, 1897, pp. XXX-XXXI.] (a) Is this type of limitation... | |
 | New York (State). Attorney General's Office - 1912 - 768 pages
...to 10 per cent, of the capital stock of such bank " but the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." This provision of the National Banking Act has been in force for many decades. The interpretation which... | |
 | United States. Federal Reserve Board - 1928 - 808 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... | |
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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. 
