Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, December 18, 1917, 10:30 AM, Volume 4, Part 2

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

()
At a meeting of the I,xecative jommittee of the
2ederal Reserve Board 'field in the office of the Board on
flaesday, Decenlber 13, 1917, at 10.30 a.m.,
PRESEET:
:r. Harding.,
darburg,

:Ir. Hamlin,
r. .11en, .ssistant
secretary.

. Delano,
Present also, :tr. Strauss.
applications for permission to export coin, currency,
were
and bullion, torther with paners in connection there:dth,
presented and acted upon as follows:
A letter from the Federal deserve Bank of San 7rancisco
Fargo
transmitting a copy of a letter of December 11, by .;ells
r
evada rational Bank enclosing copy of a letter dated Octobe
of
19, by Javasche Bank, Batavia, Java, regarding the export
-old coin to the Javasche Bank.

i1l ear-nark for export only

the amount of :old bullion sent in.
letter from the National ,Jlty Bank relative to their
00
recent application (,f790) for permission to export ,g53,0
alrealy
L;old bars to Valparaiso, declined unless part of amount
agreed upon to be exported in payment for nitrates.

defused in

pLrt of
absence of more definite information that this is a







amount covered in arrangement ',with Chilean Government.
607.

International -Banking Corporation,

an

7rancisco, to Yokohama, 47,5D0 paper currency except
certificates.
606.

Approved.

Nacozari Railroad Co., Dou.7,1s, ArizOna,

to same, A gua Prieta, Mex., .100,000 gold, January, 1916,
for :.:octezuma Copper Co. and Tiger Lining Co.

Granted

for „:100,000.
T. .,liesler, li:;•ent, Southern Railway, Jo.

609.

ollector of Customs, Naco, Lrizona, ;30,000

of :lexica, to

gold coin, during December, 1917.
610.

Granted.

B. Llontes, New Orleans, to Ealalio Roman,

Verz Cruz, 1.:e:.., 340,000 gold.

Declined.

Colonel M. L. Parker, representing the .3reene
Jananea Copper

o. appeared before the Board to request

that permission be given to export gold to his company
for the payntent of wages.

He stated that permission for

50,000 for taxes and duties had been provided sometime
since, but that the company after having been shut down
had now reopened for the purpose of furnishing metals to
the United States and needed gold for the payment of
wages.

Colonel Parker was advised of the policy of the

Board as to the export of gold only for payment of taxes
and duties and requested to obtain additional information
as to the need for gold for wages.
At 11 a.m. the meeting adjourned.
APP4i0V00;

Secretary.
Cp'huirrtan.

_

()