WebReadily Marketable Staples. Any member bank may accept drafts which are secured at the time of acceptance by a warehouse receipt or other such document conveying or securing title covering "readily marketable staples." Banks, as a matter of prudence and protection to themselves, should not consider as eligible any staple which is in its nature so perishable … Web(3) Loans and extensions of credit secured by bills of lading, warehouse receipts, or similar documents transferring or securing title to readily marketable staples shall be subject to a limitation of 35 per centum of capital and surplus in addition to the general limitations if the market value of the staples securing each additional loan or extension of credit at all …
Bankers Acceptances - Richmond Fed
WebReadily marketable staples—Articles of commerce, agriculture or industry which are the subject of dealings in a ready market with sufficiently frequent price quotations to make … Web(3) Loans and extensions of credit secured by bills of lading, warehouse receipts, or similar documents transferring or securing title to readily marketable staples shall be subject to a limitation of 35 per centum of capital and surplus in addition to the general limitations if the market value of the staples securing each additional loan or … porsche 315
Readily Marketable Staples - World Encyclopedia of Law
Webchattel mortgage statute and only imports or readily marketable staples can be financed by trust receipts. There is no systematic subclassification, however, and formal differences in legal docu-ments are usually more significant than differences in the use or in the physical nature of the goods. WebDec 13, 2016 · Knowingly lend, directly or indirectly, any money or property for the purpose of enabling any person to pay for or hold shares of its stock, unless the loan is made upon security having an ascertained market value of at least fifteen per centum more than the amount of the loan. WebApr 3, 2024 · (A) The term “investment securities” means a marketable obligation in the form of a stock, bond, note or debenture commonly regarded as an investment security and that is salable under ordinary circumstances with reasonable promptness at a fair value. sharp r-1214 microwave oven