American Bankers Acceptances and Foreign Trade
Author : Fred I. Kent
Publisher :
Page : 42 pages
File Size : 31,33 MB
Release : 1919
Category : Acceptances
ISBN :
Author : Fred I. Kent
Publisher :
Page : 42 pages
File Size : 31,33 MB
Release : 1919
Category : Acceptances
ISBN :
Author : American Exchange National Bank (New York, N.Y.)
Publisher :
Page : 62 pages
File Size : 40,82 MB
Release : 1916
Category : Acceptances
ISBN :
Author : George D. Graves
Publisher :
Page : 20 pages
File Size : 11,59 MB
Release : 1920*
Category : Acceptances
ISBN :
Author : Fred I. Kent
Publisher :
Page : 27 pages
File Size : 29,55 MB
Release : 1920
Category : Acceptances
ISBN :
Author : Foreign Trade Banking Corporation, New York
Publisher :
Page : 36 pages
File Size : 31,17 MB
Release : 1918
Category : Acceptances
ISBN :
Author : American Exchange National Bank (New York, N.Y.)
Publisher :
Page : 86 pages
File Size : 44,12 MB
Release : 1918
Category : Acceptances
ISBN :
Author :
Publisher :
Page : 214 pages
File Size : 20,8 MB
Release : 1916
Category : Commerce
ISBN :
Author : Roger Wendell Valentine
Publisher :
Page : 20 pages
File Size : 13,22 MB
Release : 1928
Category : Acceptances
ISBN :
Author : Philip Meader Brown
Publisher :
Page : 170 pages
File Size : 21,86 MB
Release : 1925
Category :
ISBN :
Author : American Exchange National Bank
Publisher : Rarebooksclub.com
Page : 40 pages
File Size : 16,15 MB
Release : 2013-09
Category :
ISBN : 9781230138749
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ... a certificate on or accompanying the acceptance, to the following effect: 'The obligation of the acceptor of this bill arises out of the purchase of goods from the drawer.' Such certificate may be accepted by the Federal reserve bank as sufficient evidence; provided, however, that the Federal reserve bank, in its discretion, may inquire into the exact nature of the transaction underlying the acceptance." Open-Market Purchase of Bankers' Acceptances Regulation S, Series of 1915 Superseding Regulation R of 1915 In Regulation R, Series of 1915, relating to the discount of bankers' acceptances, the Federal Reserve Board provided for the purchase in the open market of bankers' acceptances based on the importation or exportation of goods. The Board further stated that it had not felt justified, when admitting State banks and trust companies into the Federal Reserve System, in stipulating that such domestic acceptances should not be continued under reasonable limitations as a part of their business. Inasmuch as the making of these acceptances has been recognized by the Board as the exercise of a legitimate banking function when authorized by law, it is thought that they are of the character to make desirable investments for Federal reserve banks. The Board therefore issued a new regulation (Regulation S, Series of 1915), not only embodying the authority given in Regulation R, Series of 1915, to purchase bankers' acceptances based on the importation or exportation of goods, but also authorizing the purchase of bankers' domestic acceptances within the limits prescribed in the regulation, which provides: "The Federal Reserve Board has determined that, until further notice, to be eligible for purchase under Section 14 at the rates to be...