 | National Bank of Commerce in New York - 1921 - 188 pages
...discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not be included. (Regulation A, Series of 1920, A, I.) ELIGIBILITY OF NOTES, DRAFTS, AND BILLS OF EXCHANGE... | |
 | American Exchange National Bank, New York - 1921 - 128 pages
...discount of bills of exchange drawn in good faith against actually existing value, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be included. The amendment of March 3, 1919, also permitted Federal reserve banks, with the consent of... | |
 | 1921 - 494 pages
...Discounts 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 are not counted as loans in regard to the above limitation of loans. 5. The liability of a customer... | |
 | Park Mathewson - 1921 - 396 pages
...negotiated in good faith by the bona fide owner would be exempt from the limitations of section 5200 as "commercial or business paper actually owned by the person negotiating the same," even if it is not exempt as a "bill of exchange drawn in good faith against actually existing values."... | |
 | Thomas Bugard Paton - 1922 - 782 pages
...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," General Counsel Elliott of the Federal Reserve Board rendered an opinion (Nov. 27, 1916) to the effect... | |
 | Harold Lyle Reed - 1922 - 374 pages
...negotiated in good faith by the bona fide owner would be exempt from the limitations of section 5200 as "commercial or business paper actually owned by the person negotiating the same." But what is the situation with respect to the amount of trade acceptances permissible for rediscount... | |
 | First National City Bank of New York - 1923 - 184 pages
...discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not be included. Any Federal Reserve Bank Bank may make advances to its member banks on their promissory notes... | |
 | Leonard Le Marchant Minty - 1923 - 486 pages
..." discount of bills of exchange drawn in good faith against actual existing values and the discount of commercial or business paper actually owned by the person negotiating the same," and it is understood that a bill may be considered as drawn against existing values if drawn against... | |
 | James Dysart Magee - 1923 - 794 pages
...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 sale" shall not be considered as money borrowed, and this procedure would also have the advantage of... | |
 | George William Edwards - 1924 - 522 pages
...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 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... | |
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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. 
