...in good faith against S1!I& existing values and the discounting of ccimnercial or business paper ¿ owned by the person negotiating the same shall not be considered as ¿ borrowed within the meaning of subsections (1) and (2) of this section. - (5) No bank shall make...

...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...same, shall not be considered as money borrowed." 64 b. ed. The pertinent portion of the other section reads as follows : "Sec. 5239. If the directors...

...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...

...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...

...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...

...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...

...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...

...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. loaned when the value is 115 percent. An additional 5 percent may be loaned for each 5 percent...

...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...

...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...