 | United States. Congress. Senate. Committee on Rules and Administration - 1952 - 892 pages
...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 same shall not be considered as money borrowed within the meaning of subsections (1) and (2) of this section. (5) No bank shall make or renew any... | |
 | Illinois. Supreme Court - 1901 - 714 pages
...shall at no time exceed one-tenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." The legislative intent in the enactment of this statute was to prescribe the duties of those officials... | |
 | United States. Congress. Senate. Select Committee to Study Censure Charges - 1954 - 1082 pages
...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 same, shall not be considered as money borrowed within the meaning of this subsection. The limitation herein provided shall apply only to new loans... | |
 | United States. Supreme Court - 1920 - 996 pages
...such 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...same, shall not be considered as money borrowed." The pertinent portion of the other section reads as follows : "Sec. 5239. If the directors of any national... | |
 | United States Congress. House. Banking and Currency Committee - 1959 - 348 pages
...against actually existing 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 borrowed by him : Provided, That loans secured by collateral security having an ascertained market value of... | |
 | United States. Congress. House. Committee on Banking and Currency - 1959 - 344 pages
...against actually existing 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 borrowed by him : Provided, That loans secured by collateral security having an ascertained market value of... | |
 | United States Congress. House. Banking and Currency Committee - 1959 - 84 pages
...percent of the unimpaired surplus fund. Limitation does not apply to — (1) Obligations arising out of the discount of commercial or business paper actually owned by the person negotiating same. (2) Obligations secured by shipping documents, warehouse receipts, or other such documents transferring... | |
 | 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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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. 
