Table 1, taken from Meulendyke (1998), shows that bankers' acceptances
were the primary asset class for the Federal Reserve portfolio until World War I, and acceptances had a roughly equal presence with Treasury securities through the 1920s.
financial markets produced long-term rates lower than London's, the "lack of a central bank and a discount market for bankers' acceptances
meant that the United States could not compete on the field where the contest of international short-term finance was played.
Other amounts, such as discounts on bankers' acceptances
or promissory notes, are not interest since there is no underlying debt.
2) Trading in commercial paper issued by its client, government securities, promissory notes, bankers' acceptances
, and other money market instruments, acting as a broker or acting on its own behalf.
Before testing what guided Federal Reserve policy in the early 1930s, Wheelock first tests with econometrics for what guided open-market operations, changes in discount rates, and purchases by the Fed of bankers' acceptances
in the 1920s.
Although regulations restrict the intermixing of domestic and international financial transactions to a significant extent, IBFs may purchase or sell assets such as loans, loan participations, securities, certificates of deposit and bankers' acceptances
from or to any domestic or foreign customer.
The UAE Central Bank's gross bank assets, including bankers' acceptances
amounted to around Dh2.
Gross bank assets, including bankers' acceptances
, decreased slightly, to Dh2,491 billion at the end of April 2016.
Advances under the revolving operating credit facility are subject to certain conditions of drawdown, and may be made by way of Canadian prime rate loans, bankers' acceptances
or letters of credit.