 | 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...person negotiating the same, shall not be considered as money borrowed." 64 b. ed. The pertinent portion of the other section reads as follows : "Sec. 5239.... | |
 | United States. Supreme Court - 1921 - 1362 pages
...shall in no event cxceed thirty per centum of the capital stock of the association] . But the disfount of bills of exchange drawn in good faith against actually existing values, and the diséount of commercial or business paper actually owned by the person negotiating the same, shall... | |
 | United States Congress. House. Banking and Currency Committee - 1958 - 908 pages
...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... | |
 | United States. Congress. House. Committee on Banking and Currency - 1959 - 344 pages
...shall not at any time exceed ten percent of the capital and surplus of such bank or trust company; but the discount of bills of exchange drawn in good...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... | |
 | 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. Committee on Banking and Currency - 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... | |
 | 1959 - 1410 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... | |
 | 1959 - 1256 pages
...limitation of 10 per centum shall be subject to the following exceptions: (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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surplus of such bank; 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 
