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.165-169

Notes of, ineligible for rediscount.

Rediscount of acceptances of..

Acceptance defined

Acceptance powers of international financial corporations..

See also International financial corporations, acceptance powers of

Acceptances, bank, see Bank acceptances

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Renewals of member bank's notes..
Security for advances

Sunday or legal holiday, notes due on.

Advertising space, trade acceptances based on..
Agricultural and commercial paper distinguished.

Agricultural paper, rediscount of...

See also Rediscount of, Agricultural paper

Automobile parts, acceptances covering importation of..

122

123

.66, 121-123

149-152

150

150

151-152

151-152

Automobiles and tires, acceptances based on domestic shipment of...

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.150-151

151

.117-118

79, 126
125-133

20-21
34

7, 134

32-42

39-42

39

32-37

Eligibility not dependent on security alone.
Maturity

32, 34

38-39

Purchase of bank's own acceptance.

.41, 67-68

Release of documents against acceptance.

.36-37, 135–137

Renewal notes, acceptance of..

38

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Acceptance agreements having more than six months to run..

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Foreign correspondents, acceptances of, under guarantee. .22-23, 29
Good faith a test...

11

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Open accounts, acceptances against.

15

Permission to accept to mount of capital and surplus, appli-

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Transaction must itself involve import or export.

13-16

U. S. Revised Statutes, section 5200, relation to acceptances..
U. S. Revised Statutes, section 5202, limitations of..

27-28

30

Coverture of

Eligibility of bills for acceptance in relation to eligibility for

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Countries whose trade usages warrant such acceptances.
Maturity

U. S. Revised Statutes, section 5202, not applicable.

Investment in, by național banks....

Acceptances as commercial or business paper.

Actually existing value, what constitutes..
Bills discounted before acceptance...

Bills of exchange include bank acceptances.
Indorsement for accommodation....

Purchase of bank's own acceptances..

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8

53-58

58

57-58

53, 55, 57

53-57

56

57

58

64-68

66

66

66

65

67

67-68

67, 68

68

59-63

60-63

59

62

.134-148

43-52

52

52

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Bank acceptances continued

Secured by warehouse receipts-continued

Renewals

Security not specified..

Speculative storage

Substitution of warehouse receipts..
Warehouse receipts:

Use of

Issued by independent warehouses.
Issued by lessee..

Bill of exchange, definition of...

Bill of sale, not eligible as security for bank acceptance.
Bills eligible for rediscount, acceptance of.

Bills of exchange:

Include bank acceptances...

Negotiability

....

Presentment for acceptance.

Rediscount of

51

51

49

51

46

47

8

107

50, 159

.8, 134-148, 153–163

65
.109-111

107

.107-124

See also Rediscount of, Drafts and trade acceptances
See also Open market transactions

Building operations, eligibility for rediscount of acceptances based on
Bullion, acceptances against..

Bullion shipments, acceptances against, eligible for open market pur-
chases

Capital requirements, drafts to finance...

Cattle:

Acceptances based on shipment of..

Notes for dairy, eligible for rediscount as agricultural paper.

Chattel mortgages:

Bank acceptances against...

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Promissory notes secured by, ineligible for rediscount as agricul-

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.76, 78, 84-85, 90
15-16, 89

Commercial and agricultural paper distinguished..

Commercial paper, bank acceptances as......

Commodity paper, eligibility of, for open market purchase.
Conditional sales as basis of trade acceptance....

Consignment of goods, purchase of acceptance against..

Cooperative marketing associations:

Acceptances of, as agricultural paper.
Drafts drawn by.......

Cotton broker, rediscount of paper of..

Cotton factors:

Acceptance of drafts drawn by....

Acceptances of, eligible for rediscount.

Rediscount of paper of......

Cotton-mill paper, rediscount of..

County warrants not eligible as collateral for advances.

Coverture of bank acceptances...

91, 110

79, 126

66

157

113

158

131

49, 141

100

49

117

.81-82, 90, 143

93
151

8

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See also Bank acceptances, Executed to furnish dollar exchange
Dollar exchange drafts, rediscount of....

Domestic shipments, bank acceptances based on.

See also Bank acceptances, Based on domestic shipments

Domicile bills

Drafts:

Accepted by foreign correspondents under guarantee..
Against collateral of acceptances..

Defined

Discounted before acceptance.

Rediscount of

137

32-42

118

22, 29
15-16

107

122

.107-124

See also Rediscount of, Drafts and trade acceptances
Drawee, negotiability of bill made payable to order of...

110

116

8

Electrical installation, drafts based on, as trade acceptances....
Eligibility for acceptance in relation to eligibility for rediscount..
Eligibility for rediscount

See under Rediscount of appropriate class of paper

Equity exchanges, rediscount of paper of....

Extension of time, note or draft.....

Farm loan bonds not eligible as collateral for advances....

Farm tools and equipment, eligibility for rediscount of notes for..
Federal reserve banks:

Loans to individuals not made.....

Rediscounts with

See also Rediscounts with Federal reserve banks
Fertilizer, farmers note for, as agricultural paper..
Finance paper ineligible for rediscount..

Fixed investments, notes for, ineligible for rediscount.
Food products, rediscount of notes secured by........

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Foreign correspondents, drafts accepted by, under guarantee of na-
tional bank

22,29

Foreign transactions as basis for trade acceptances..

112

Gas, acceptances based on sale and delivery of, eligible for rediscount..
Gold coin, acceptances against....

Gold coin shipments, acceptances against, eligible for open market
purchases

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Imports and exports, bank acceptances based on.

See also Bank acceptances, Based on imports and exports

Imports on docks, renewals against..

Indorsement

11-31

21

.104, 106, 139, 147-148, 150, 161-163

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Guarantee of, by national banks..

Limitations on amount bank may issue.

Letters of credit and acceptances issued for correspondents.
See also Bank acceptances, Issued for correspondents

Liberty bonds, see U. S. obligations

Limitations:

...

167
.168-169
64-68

130

. 81, 130, 132
88

.19-20, 38, 146

59-60

.30-31, 41-42

59-63

Acceptances for one interest, see under appropriate class of paper
Aggregate amount bank may accept, see under appropriate class

of paper

Agricultural paper rediscountable by member bank...
Bank's liabilities, see U. S. Revised Statutes, section 5202
Loans to one borrower, see U. S. Revised Statutes, section 5200
Rediscount of paper of one maker or indorser..

Live stock paper included in agricultural paper..
Loans to individuals, Federal reserve banks do not make.
Loans to ten per cent. limit:

Bank acceptances in addition to.....

See also U. S. Revised Statutes, section 5200

Maturity, see under appropriate class of paper

Minerals, unmined, not regarded as quick assets..

Mortgages, see Chattel mortgages and Collateral notes

Motor trucks, rediscount of notes based on purchase of.

Nonmember banks, rediscount for...

Notes, promissory, see Promissory notes

Oil, acceptances based on shipment of.......
Open accounts:

Acceptances in liquidation of..

Assignment of, ineligible for rediscount.
Bank acceptances against...

133

.97, 103, 121-123, 147

125

80

27

94

82, 91

.87, 104-106

34

117, 122

92

15

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