Compare "commercial paper"

Whoever stipulates for or gives or receives, or consents or

Every Federal reserve bank shall have power to purchase from

rate of 1 per centum in excess of the discount rate on ninety-day commercial paper in effect at the Federal reserve bank in the Federal reserve district where the bank ... centum, or 1 per centum in excess of the discount rate on ninety day commercial paper in effect at the Federal reserve bank in the Federal reserve district where the bank

advertising its other trust activities. (iii) Permissible securities transactions.— The bank effects transactions in— (I) commercial paper, bankers acceptances, or commercial bills; (II) exempted securities; (III) qualified Canadian government obligations as defined

induce the purchase or sale of, any security (other than an exempted security or commercial paper, bankers’ acceptances, or commercial bills) unless such broker or dealer is registered in accordance with subsection

(a) In general (1) Prohibition It shall be unlawful for

following exceptions: (1) Loans or extensions of credit arising from the discount of commercial or business paper evidencing an obligation to the person negotiating it with recourse shall not be subject

Comptroller of the Currency may prescribe by regulation or order. (b) Eligibility for discount as commercial paper of notes representing loans financing construction of residential or farm buildings; prerequisites Notes representing loans ... buildings and having maturities not to exceed nine months shall be eligible for discount as commercial paper within the terms of the first paragraph of section 343 of this title if accompanied

more than 1 percent in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve bank in the Federal Reserve district in which such savings association

earned from transactions in (i) certificates of deposit, and (ii) Treasury bills, bankers acceptances, or commercial paper which have a maturity at the time of issuance of not exceeding nine months, exclusive

more than 1 per centum in excess of the discount rate on ninety-day commercial paper in effect at the Federal Reserve bank in the Federal Reserve district where such State bank

(a) Reserve for bad debts (1) In general Except as

term commercial paper means any note, draft, or bill of exchange which arises out of a current transaction or the proceeds of which have been or are to be used for current

section 5(c)(2)(D), a Federal savings association may invest in, sell, or hold commercial paper and corporate debt securities subject to the provisions of this section. (a) Limitations. (1) Commercial ... value; and (ii) Investment grade. (3) A Federal savings association's total investment in the commercial paper and corporate debt securities of any one issuer, or issued by any one person

(a) Scope and effective date—(1) In general. Except as

exempt from the market-terms requirement of § 223.51. (a) Purchases of certain asset-backed commercial paper. Purchases of asset-backed commercial paper from an affiliated SEC-registered open-end investment company that ... member bank: (1) Purchases the asset-backed commercial paper on or after September 19, 2008; (2) Pledges the asset-backed commercial paper to a Federal Reserve Bank to secure financing from

associated with off-balance sheet credit exposures as determined in accordance with GAAP. Asset-backed commercial paper (ABCP) program means a program established primarily for the purpose of issuing commercial paper that ... backed by underlying exposures held in a bankruptcy-remote special purpose entity (SPE). Asset-backed commercial paper (ABCP) program sponsor means a Board-regulated institution that: (1) Establishes an ABCP program

associated with off-balance sheet credit exposures as determined in accordance with GAAP. Asset-backed commercial paper (ABCP) program means a program established primarily for the purpose of issuing commercial paper that ... backed by underlying exposures held in a bankruptcy-remote special purpose entity (SPE). Asset-backed commercial paper (ABCP) program sponsor means a national bank or Federal savings association that: (1) Establishes

associated with off-balance sheet credit exposures as determined in accordance with GAAP. Asset-backed commercial paper (ABCP) program means a program established primarily for the purpose of issuing commercial paper that ... backed by underlying exposures held in a bankruptcy-remote special purpose entity (SPE). Asset-backed commercial paper (ABCP) program sponsor means an FDIC-supervised institution that: (1) Establishes an ABCP program

The following transactions are not subject to the quantitative limits

also be noted that Congress apparently considered paper issued to carry investment securities as paper issued for a “commercial purpose”, since it specifically prohibited the Board from making such paper eligible ... Cong. Rec. 4675 (1913) (remarks of Rep. Phelan). (d) In providing for the discount of commercial paper by Reserve Banks, Congress obviously intended to facilitate the current financing of agriculture, industry

warehouse receipts, order bills of lading, documents qualifying as documents of title under the Uniform Commercial Code, or other similar documents, must have control and be able to obtain immediate possession ... required before the staples may be withdrawn from the warehouse. (2) Discount of installment consumer paper. (i) A national bank's or savings association's loans and extensions of credit

Board distinguished the proposed activity from the sale of short-term notes commonly known as commercial paper, which is a recognized form of financing for bank holding companies. For purposes of this ... interpretation, commercial paper may be defined as notes, with maturities not exceeding nine months, the proceeds of which are to be used for current transactions, which are usually sold to sophisticated institutional

notary public or other officer authorized by law to take acknowledgments. (9) Commercial paper and related documents. Commercial paper, signatures thereon, and documents relating thereto to the extent provided by general commercial