 | Michigan. Banking Division - 1907 - 536 pages
...exceed one.tenth part of the amount of the capital stock of such association actually paid in ; but the discount of bills of exchange drawn in good faith against actually xxiv STATE BANKING DEPARTMENT. existing values, and the discount of commercial or business paper actually... | |
 | Michigan. Banking Division - 1909 - 612 pages
...exceed one tenth part of the amount of the capital and surplus of such hank : hut the discount of hills of exchange drawn in good faith against actually existing values and the discount of commercial or husiness paper actually owned hy the lierson negotiating Ihe same shall not he considered as money... | |
 | Willis Seaver Paine - 1910 - 874 pages
...secured by collateral security worth ten per centum more than the amount or amounts loaned thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, provided, however, that such loans or discounts on such collaterals shall not exceed one-half the actual... | |
 | United States. National Monetary Commission - 1910 - 386 pages
...receiver for a failed bank. 6. In my experience I have not run across any cases where the discounting of bills of exchange drawn in good faith against actually existing values has ever caused any bank serious loss. My experience is that I have never been able to get enough of... | |
 | Michigan. Banking Division - 1911 - 686 pages
...the statute with respect to the exception, it is necessary to keep constantly in mind the pnr]M>se of the limitation, and not to construe the provision...values, and the discount of commercial or business pajK 1 !- actually owned by the pel-son negotiating the same, and which, in my opinion, should be strictly... | |
 | United States - 1911 - 184 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...against actually existing values, and the discount of commerc1al or business paper actually owned by the person negotiating the same shall not be considered... | |
 | Horace White - 1911 - 576 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... | |
 | Wisconsin - 1935 - 1310 pages
...limitation of thirty 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... | |
 | 1911 - 1136 pages
...DeAnnan, who protested against said loans, wrongfully made said loans, the same being in no part for discount of bills of exchange drawn in good faith against actually existing values nor the discount of commercial or business paper, but in violation of section 5200 of the Revised Statutes... | |
 | Michigan. Banking Division - 1913 - 716 pages
...partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank; but the discount of bills of exchange drawn in good faith against actually existing values and 1he discount of commercial or business paper actually owned by the person negotiating the same shall... | |
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... 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. 
