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" Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months... "
Principles of Money and Banking: A Series of Selected Materials - Seite 308
von Harold Glenn Moulton - 1916 - 785 Seiten
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Acceptances, Their Importance as a Means of Increasing and Simplifying ...

American Exchange National Bank, New York - 1921 - 128 Seiten
...the use of trade acceptances. The paragraph, with the additions and changes shown, reads as follows: "Any member bank may accept drafts or bills of exchange drawn upon it [and growing out of transactions involving the importation or exportation of goods] having not more...
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Acceptances, Trade and Bankers'

Park Mathewson - 1921 - 396 Seiten
...Under Contract for Sale and Delivery at a Remote Period. Although a national bank may accept drafts drawn upon it having not more than six months' sight to run which are secured at the time of acceptance by a warehouse receipt conveying or securing title covering...
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Public Documents of Massachusetts, Band 6

Massachusetts - 1921 - 1310 Seiten
...as a separate item. SECTION 3. A trust company may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods, having not more than six months' sight to run, but no trust company shall accept such bills to an amount...
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Agricultural Inquiry, Band 2

United States. Congress. Joint commission of agricultural inquiry. [from old catalog] - 1922 - 858 Seiten
...amended by adding a further provision that any member bank might accept — the exact quotation is this: Any member bank may accept drafts or bills of exchange...it having not more than six months' sight to run. exclusive of days of grace, which grow out of transactions involving importation or exportation of...
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Agricultural Inquiry, Band 2

United States. Congress. Joint commission of agricultural inquiry. [from old catalog] - 1922 - 854 Seiten
...amended by adding a further provision that any member bank might accept — the exact quotation is this: Any member bank may accept drafts or bills of exchange drawn upon it having not more than six moiitlw' sight to run, exclusive of days of grace, which grow out of tra-nsactiojLs involving importation...
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Agricultural inquiry, Band 2

1922 - 860 Seiten
...member bank might accept— the exact quotation is this : Any member bank may accept drafts or bills%f exchange drawn upon it having not more than six months' sight to run, exclusive of days of grace, which grow out of transactions involving importation or exportation of...
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Technical Procedure in Exporting and Importing

Morris Sigmund Rosenthal - 1922 - 338 Seiten
...at the time of discount of not more than three months and are endorsed by at least one member bank. Any member bank may accept drafts or bills of exchange drawn upon it involving the importation or exportation of goods which have a maturity of not more than six months....
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Foreign Exchange: The Financing Mechanism of International Commerce

Edgar Stevenson Furniss - 1922 - 426 Seiten
...conveying or securing title covering readily marketable staples." The law also permits any member bank to accept "drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn under regulations prescribed by the Federal...
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The Development of Federal Reserve Policy

Harold Lyle Reed - 1922 - 376 Seiten
...original statute member banks were given the right to 1 accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months' sight to run. In view of the arguments previously advanced in behalf...
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American Banking Methods

Leonard Le Marchant Minty - 1923 - 486 Seiten
...accept drafts drawn on themselves. Under the same Section 13, as amended by the law of June 21, 1917, "any member bank may accept drafts or bills of exchange...it having not more than six months' sight to run, exclusive of days of grace, which grow out of transactions involving the importation or exportation...
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