 | Richard Theodore Ely - 1893 - 826 psl.
...federal reserve system. Federal reserve banks may rediscount (for their member banks) shorttime notes and bills of exchange " issued or drawn for agricultural, industrial, or commercial purposes," and conforming to certain specifications which have been carefully formulated by the Federal Reserve... | |
 | 1915 - 808 psl.
..."discount notes, drafts, and bills of exchange arising out of actual commercial transactions — that is, notes, drafts, and bills of exchange issued or drawn...have been used or are to be used for such purposes." The Federal Reserve Board was given the right to define the character of paper thus eligible for discount.... | |
 | Horace White - 1911 - 576 psl.
...discount notes, drafts, and bills of exchange arising out of actual commercial transactions ; that is, notes, drafts, and bills of exchange issued or drawn...have been used, or are to be used, for such purposes, the Federal Reserve Board to have the right to determine or define the character of the paper thus... | |
 | Nelson Wilmarth Aldrich - 1911 - 30 psl.
...arising out of commercial transactions. (This language, whenever used, is intended to apply to all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities.) Such notes and bills must have... | |
 | Alfred Owen Crozier - 1912 - 434 psl.
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other... | |
 | Frederick Converse Beach, George Edwin Rines - 1912 - 822 psl.
...it, notes and bills of exchange arising out of commercial transactions, by which term is meant notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, and not for carrying stocks, bonds, or other investment securities. Such notes and bills must have... | |
 | L. T. Myers - 1912 - 372 psl.
...their reserves. Commercial paper available for this purpose, as defined by the plan, includes all notes and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, but not for carrying stocks, bonds, or other investment securities. This will enable the banks of the... | |
 | James Laurence Laughlin - 1912 - 452 psl.
...deposit with it, notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural, industrial or commercial purposes, and not including notes or bills issued or drawn for the purpose of carrying stocks, bonds, or other... | |
 | 1913 - 492 psl.
...discount notes, drafts and bills of exchange arising out of actual commercial transactions; that is, notes, drafts and bills of exchange issued or drawn...have been used, or are to be used, for such purposes, the Federal Rerserve Board to have the right to determine, or define the character of the paper thus... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1913 - 988 psl.
...bank may discount notes and bills of exchange arising out of commercial transactions; that is, notes and bills of exchange issued or drawn for agricultural,...purposes, or the proceeds of which have been used for such purposes, the Federal reserve board to have the right to determine or define the character... | |
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Bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been... 
