Theory and Practice of International CommerceI. The theory of international commerce.--II. Problems of modern American export practice |
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Common terms and phrases
abroad acceptance agency agent American banks American export American manufacturers amount auctions bankers basis bills of exchange Bills of Lading branches Brazil brokers buyer capital cash cash against documents cent Chamber of Commerce commercial usage commission commodities connection corporation currency customary dealing delivery direct documents domestic drawee drawer Dutch auctions effected eign establishment Europe European export merchant export trade exporting country Federal Reserve Act Federal reserve bank Federal Reserve Board financing firms foreign countries foreign credit foreign customers foreign trade frequently furnish German export import indent indentor instance interest international commerce invoice limited London ment mercantile agencies merchandise obligations organization oversea products packing payment port pounds sterling power of attorney principal purchase quantity regard remittance risk samples seller selling ship South America stipulated tion transactions United vendor wholesalers York
Popular passages
Page 395 - State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States either directly or through the agency, ownership, or control of local institutions in foreign countries, or in such dependencies or insular possessions.
Page 378 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 436 - The discount and rediscount and the purchase and sale by any Federal reserve bank of any bills receivable and of domestic and foreign bills of exchange, and of acceptances authorized by this Act, shall be subject to such restrictions, limitations, and regulations as may be imposed by the Federal Reserve Board.
Page 425 - 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...
Page 436 - Act provides that any Federal Reserve Bank may discount for any of its member banks any note, draft, or bill of exchange, provided: (a) It has a maturity at the time of discount of not more than 90 days...
Page 437 - Bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Page 379 - Any Federal reserve bank may receive from any of its member banks, and from the United States,* deposits of current funds in lawful money, national-bank notes. Federal reserve notes, or checks, and drafts, payable upon presentation, and also, for collection, maturing notes and bills...
Page 380 - The aggregate of such notes, drafts, and bills bearing the signature or indorsement of any one borrower, whether a person, company, firm, or corporation, rediscounted for any one bank shall at no time exceed ten per...
Page 436 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 438 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...