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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. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxiv
by Michigan. Banking Division - 1910
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Journal of the Institute of Bankers, Volume 35

Institute of Bankers (Great Britain) - 1914 - 768 pages
...capital and surplus of such bank, but it is especially provided that such restrictions shall not apply to the discount of bills of exchange drawn in good faith against actual existing values. No limitation is placed upon the amount of rediscounts a Federal reserve bank...
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Federal Reserve Bulletin

1915 - 510 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...
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The Annals of the American Academy of Political and Social Science, Volume 59

1915 - 476 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. * * * * * SECT. 14. Any Federal reserve bank may, under rules and regulations prescribed by the Federal...
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A History of Currency in the United States: With a Brief Description of the ...

Alonzo Barton Hepburn - 1915 - 582 pages
...which the rediscounts are made. 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...
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Annual Report - Board of Governors of the Federal Reserve System, Volumes 1-2

Board of Governors of the Federal Reserve System (U.S.) - 1915 - 670 pages
...10 per cent 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. Subject to these limitations. It devolves upon the Federal Reserve Board to determine or define for...
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The New Standard American Business Guide: A Complete Compendium of how to Do ...

E. T. Roe - 1915 - 534 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...
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The American Industrial Opportunity

American Academy of Political and Social Science - 1915 - 372 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. * * * * ยป SECT. 14. Any Federal reserve bank may, under rules and regulations prescribed by the Federal...
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The Practical Work of a Bank: A Treatise on Practical Banking which Aims to ...

William Henry Kniffin - 1915 - 644 pages
...per cent. 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. Subject to these limitations it devolves upon the Federal Reserve Board to determine or define for...
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Federal Reserve Bulletin, Volume 14

1928 - 984 pages
...10 per cent of the unimpaired capital and surplus of such bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values; (e) It is indorsed by a member bank; and (/) It conforms to all applicable provisions of this regulation....
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A History of Currency in the United States, with a Brief Description of the ...

Alonzo Barton Hepburn - 1915 - 570 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...
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