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" Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount; but such definition shall not include notes,... "
Operation of the National and Federal Reserve Banking Systems, Hearings ... - Page 180
by United States. Congress. Senate. Committee on Banking and Currency - 1932
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Outlines of Economics

Richard Theodore Ely - Economics - 1893 - 826 pages
...Reserve Board. The privilege of rediscount is not extended to notes and bills of exchange issued " for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the United States." The purpose of this restriction is not only to prevent...
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American Legal News, Volume 31

Law - 1920 - 584 pages
...provided that such definition shall not include notes or drafts covering merely investments or issued for the purpose of carrying or trading in stocks, bonds or other investment securities except bonds and notes of the Government of the United States. The Federal reserve banks are also permitted...
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - Banks and banking - 1911 - 576 pages
...agricultural products, or other goods, wares, or merchandise from being eligible for such discount ; but such definition shall not include notes, drafts,...in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States. Notes, drafts, and bills admitted to...
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Pending Banking Legislation: Letters by Officers of the National City Bank ...

First National City Bank of New York - Federal Reserve banks - 1913 - 88 pages
...for discount, within the meaning of this Act; but such definition shall not include notes or bills issued or drawn for the purpose of carrying or trading...in stocks, bonds, or other investment securities, except notes or bills having a maturity of not exceeding four months and secured by United States bonds...
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Banking and Currency: Hearings Before the Committee on Banking ..., Parts 13-24

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1913 - 1142 pages
...eligibility of the paper thus offered for such security, within the meaning of this act : but notes or bills Issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities shall not be eligible for such purpose, except notes or bills having n maturity of not exceeding four...
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Political Economy: Designed for Use in Catholic Colleges, High Schools and ...

Edmund J. Burke - Economics - 1913 - 502 pages
...transactions (NOTE. — A federal reserve bank may not discount notes, drafts, or bills of exchange issued or drawn for the purpose of carrying or trading...in stocks, bonds, or other investment securities, except bonds and notes of the government of the United States) ; (3) To discount acceptances based...
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Gateway, Volumes 21-22

1913 - 492 pages
...definition shall not include notes, drafts or bills covering mere investments or drawn or issued tor the purpose of carrying or trading in stocks, bonds or other investment securities, except bonds and notes of the Government of the United States. Notes, drafts and bills admitted to...
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Congressional Serial Set, Issue 6536

United States - 1913 - 1030 pages
...eligible to discount within meaning of act, not to include, however, notes or bills issued or drawn for purpose of carrying or trading in stocks, bonds, or other investment securities except notes or bills naying a maturity of not more than four months secured by bonds of United States,...
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Banking and Currency: Hearings Before the Committee on Banking and ..., Part 1

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1913 - 988 pages
...for discount, within the meaning of this act; but such definition shall not include notes or bills issued or drawn for the purpose of carrying or trading in stocks or bonds [, or other securities]. Notes and bills admitted to discount under the terms of this paragraph...
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Journal, Volumes 2-3

Texas. Legislature. Senate - Legislative journals - 1914 - 484 pages
...staple agricultural products or other goods, wares or merchandise from being eligible for such discount, but such definition shall not include notes, drafts...trading in stocks, bonds or other investment securities, except bonds of the government of the United States, bonds of the State of Texas, and of the various...
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