...a bill eligible for rediscount by Federal reserve banks, has determined: (a) That it must be a bill the proceeds of which have been used or are to be used in producing, purchasing, carrying, or marketing "goods" in one or more of the steps of the process...

...or bill of exchange eligible for rediscount at a Federal reserve bank, has determined that it must be a note, draft or bill of exchange the proceeds of which have been used or are to be used in producing, purchasing, carrying or marketing goods (which are regarded as including goods, wares,...

...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." The Federal Reserve Board was given the right to define the character of paper thus...

...must be a bill which has been issued or drawn for agricultural, industrial, or commercial purposes or the proceeds of which have been used or are to be used for the purpose of producing, purchasing, carrying or marketing goods in one or more of the steps of the...

...speaking, a provision is made for the eligibility of bills and notes which are issued or drawn, or the proceeds of which have been used or are to be used for agricultural, commercial, or industrial industrial purposes. It goes on to say, however, that nothing...

...the United States. (Federal Reserve Act, Section 18.) Regulations of Federal Reserve Board The paper must not be a note, draft, or bill of exchange the proceeds of which have been used or in are to be used for permanent or fixed investments of any kind, such as land, buildings, or machinery,...

...should be understood, of course, that nothing in this ruling should be construed to imply that a note or bill of exchange, the proceeds of which have been used or are to be used for the payment of wages or for services rendered, is not eligible for rediscount. It is merely intended...

...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 — the Federal Reserve Board to have the right to determine or define the character...

...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 ; the Federal Reserve Board to have the right to determine or define the character of...

...Federal reserve bank, at the rate to be established for open-market operations : "(a) Must be a bill, the proceeds of which have been used, or are to be used, in producing, purchasing, carrying, or marketing goods in one or more steps of production, manufacture...