...which are indorsed by at least one member bank. plus 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 having not more than six months'...

...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. A bill of exchange discounted before acceptance may be said to be drawn against actually existing values,...

...excess of one-tenth part of the amount of its capital and surplus that this limitation does not apply to the discount of bills of exchange drawn in good faith against actual existing values. From the information which we received from a representative of your Department,...

...excess of one-tenth part of the amount of its capital and surplus that this limitation does not apply to the discount of bills of exchange drawn in good faith against actual existing values. From the information which we received from a representative of your Department...

...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 Federal reserve bank may discount acceptances of the kinds hereinafter described, which have a...

...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. indorsed by at Jt*T^f V IsiUs me ^icre tkan --'' - - - - - - _r J SIT» iz dars of wmca $mw rxt at...

...Statutes, excepting from the 10 per cent, limit of indebtedness of any one person of money borrowed "the discount of bills of exchange drawn in good faith against actually existing values" does not require that such bills of exchange must be first accepted before purchase. Vol. 1, p. 300,...

...paid in and unimpaired, and 10 per centum of its unimpaired surplus fund: Provided, however, That (1) the discount of bills of exchange drawn in good faith against actually existing values, including drafts and bills of exchange secured by shipping documents conveying or securing title to...

...excess of one-tenth part of the amount of Its capital and surplus that this limitation does not apply to the discount of bills of exchange drawn In good faith against actual existing values. Prom the Information which we received from a representative of your Department...

...Reserve notes. The paper must have not longer than ninety days before maturity, and except in the case of "bills of exchange drawn in good faith against actually existing values" no bank can lend in excess of 10% of its capital and surplus to any one firm or individual. Also there...