Commercial Banking Practice Under the Federal Reserve Act; the Law And Regulations, the Informal Rulings of the Federal Reserve Board, And the Opinions of Counsel Governing Bank Acceptances, Rediscounts, Advances, And Open Market Transactions of the Feder
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In our eReader you can find the full English version of the book. Read Commercial Banking Practice Under the Federal Reserve Act; the Law And Regulations, the Informal Rulings of the Federal Reserve Board, And the Opinions of Counsel Governing Bank Acceptances, Rediscounts, Advances, And Open Market Transactions of the Feder Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Commercial Banking Practice Under the Federal Reserve Act; the Law And Regulations, the Informal Rulings of the Federal Reserve Board, And the Opinions of Counsel Governing Bank Acceptances, Rediscounts, Advances, And Open Market Transactions of the Feder
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(Informal Ruling, Page 406, December, 1915, Bulletin.) MATURITY Statutory Provisions "Any Federal reserve bank may discount accept- Three momht.
ances . . . which have a maturity at the time of dis- count of not more than three months' sight, ex- clusive of days of grace." (Federal Reserve Act, Section IS.) Regulations of Federal Reserve Board Federal reserve banks may discount for their member banks "bankers' acceptances which have a maturity at the time of discount of not more than three mont...hs' sight, exclusive of days of grace.
»> (Regulations of Federal Reserve Board, Regulation A, Series of 1917, B.) Opinions and Rulings Acceptance business of Federal reserve banks is not restricted "to the original transactions only," if Re"**"!'- the transaction has not been liquidated. When the first acceptance matures, member bank may renew the acceptance, and there is no reason why a Fed- eral reserve bank may not discount such renewed acceptance, although a Federal reserve bank must not engage in advance to make such discount of a renewal.
What to read after Commercial Banking Practice Under the Federal Reserve Act; the Law And Regulations, the Informal Rulings of the Federal Reserve Board, And the Opinions of Counsel Governing Bank Acceptances, Rediscounts, Advances, And Open Market Transactions of the Feder?
You can find similar books in the "Read Also" column, or choose other free books by Bank of Commerce in New York to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(Informal Ruling, Page 406, December, 1915, Bulletin.) MATURITY Statutory Provisions "Any Federal reserve bank may discount accept- Three momht.
ances . . . which have a maturity at the time of dis- count of not more than three months' sight, ex- clusive of days of grace." (Federal Reserve Act, Section IS.) Regulations of Federal Reserve Board Federal reserve banks may discount for their member banks "bankers' acceptances which have a maturity at the time of discount of not more than three mont...hs' sight, exclusive of days of grace.
»> (Regulations of Federal Reserve Board, Regulation A, Series of 1917, B.) Opinions and Rulings Acceptance business of Federal reserve banks is not restricted "to the original transactions only," if Re"**"!'- the transaction has not been liquidated. When the first acceptance matures, member bank may renew the acceptance, and there is no reason why a Fed- eral reserve bank may not discount such renewed acceptance, although a Federal reserve bank must not engage in advance to make such discount of a renewal.
What to read after Commercial Banking Practice Under the Federal Reserve Act; the Law And Regulations, the Informal Rulings of the Federal Reserve Board, And the Opinions of Counsel Governing Bank Acceptances, Rediscounts, Advances, And Open Market Transactions of the Feder?
You can find similar books in the "Read Also" column, or choose other free books by Bank of Commerce in New York to read onlineMoreLess
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