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" ... (b) Maturity. No member bank shall accept any commercial draft or bill unless at the date of its acceptance such draft or bill has not more than six months to run, exclusive of days of grace. (c) Acceptances for one person. No member bank shall accept... "
Digest of the Federal Reserve Act: Including Amendments to April 13, 1920 - Página 14
por Guaranty Trust Company of New York - 1920 - 35 páginas
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Digest of the Federal Reserve Act (banking and Currency Law)

Guaranty Trust Company of New York - 1916 - 30 páginas
...permission of Federal Reserve Board, establish foreign branches. By authority of Federal Reserve Board may accept drafts or bills of exchange having not more than six months to run, drawn upon them for exportation or importation of goods, up to amount of unimpaired capital and surplus....
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Money and Banking

John Thom Holdsworth - 1917 - 538 páginas
...real estate. Section 13 of the original Act empowered member banks, within prescribed limitations, to "accept" drafts or bills of exchange, having not more than six months to run, arising from the importation and exportation of goods. By subsequent amendments the privilege of acceptance...
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Money and Banking

John Thom Holdsworth - 1917 - 542 páginas
...real estate. Section 13 of the original Act empowered member banks, within prescribed limitations, to "accept" drafts or bills of exchange, having not more than six months to run, arising from the importation and exportation of goods. By subsequent amendments the privilege of acceptance...
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Business Forms and Financial Institutions

Franklin Reinhardt Heath - 1918 - 212 páginas
...for the foreign trade of all nations. Under the provisions of the Act above mentioned, member banks may accept drafts, or bills of exchange, having not more than six months to run, which grow out of transactions involving the importation or exportation of goods, or out of transactions...
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Annual Report of the Michigan Academy of Science, Volumen21

Michigan Academy of Science, Arts, and Letters, Michigan Academy of Science. Council - 1920 - 426 páginas
...what shall be considered as eligible bank acceptances for member banks. It states that a member bank may accept drafts or bills of exchange, having not...corporation up to an amount equal to not more than ten per cent of the bank's capital and surplus, if unsecured by either attached documents or other...
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Annual Report of the Michigan Academy of Science

Michigan Academy of Science. Council - 1920 - 426 páginas
...what shall be considered as eligible bank acceptances for member banks. It states that a member bank may accept drafts or bills of exchange, having not...corporation up to an amount equal to not more than ten per cent of the bank's capital and surplus, if unsecured by either attached documents or other...
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Banking Fundamentals

American Institute of Banking - 1925 - 360 páginas
...Under the Federal Reserve Act any member bank may accept drafts or bills of exchange drawn upon it having not more than six months to run, exclusive of days of grace, which grow out of a transaction, or transactions, involving any one of the following : (1) the importation...
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Public Acts of the Legislature of the State of Michigan

Michigan - 1927 - 1090 páginas
...first mortgage lien shall not exceed sixty per cent of the value of such property ; or (k) In accepted drafts or bills of exchange having not more than six months to run growing out of transactions involving the importation or exportation of goods ; or growing out of transactions...
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The Code of Federal Regulations of the United States of America ..., Libro 2

1939 - 1520 páginas
...shall accept any commercial draft or bill unless at the date of its acceptance such draft or bill has not more than six months to run, exclusive of days of grace. (c) Acceptances for one person. No member bank shall accept commercial drafts or bills, whether in...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1971 - 600 páginas
...shall accept any commercial draft or bill unless at the date of its acceptance such draft or bill has not more than six months to run, exclusive of days of grace. (c) Acceptances for one person. No member bank shall accept commercial drafts or bills, whether in...
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