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a meeting of the 1:xecutive :Jommittee of the Federal
aeserve Board held in the office of the Board on D)nday, December 31, 1917, at 10.30 a.m.,
PRES=7:
1.:r. Harding,
r. .;arburg,

'Ir. Hamlin,
Er. .illis, Secretary.

Er. Delano,
Present also, :..:r. Strauss.
npplications for permission to export coin, currency
:Ind bullion, together with letters and naners in connection
therewith, were presented and Lcted upon as follows:
,letter from

sold Refining jo., of Buffalo,

Y., reuesting extension of their license covering the exportation of „15,000 in gold for dental purposes to Janada,
with copy of reply thereto.

License extended to 7ebraary 1,

1918.
letter from Lmerican Exchange National Bank, Duluth,
concerning shipments of currency and silver to ;:Litiada.
aeferred to the 2ederal Reserve Bank of lanneapolis.
letter from inglo-South 1.merican Bank, Ltd., Kew York,
concerning their application to export gold to ,2hile ,(OW.
Declined.




letter from aoyal Bank of Janada, New York, concerning gold held in the -hilted State:, for their account.

Noted.

4, letter from Handy & Harman, concerning their application for permission to ship
proved).

5,000 gold to Janaua (664-ap-

Noted.
Letter from the Bank of :ova 'Scotia, re )500,000

856.).
1

gold in U. C. for their account.

Ilefer to :Li.. Pease.

letter from i4acaud e Hijo, re their application to
export gold to Le;:ico (669).

Ordered to apply through 7ed-

eral aeserve Bank of lhalas.
A letter from the Standard Oil Jo. re their application to export gold from New York, advising of non-chiprnent
(8(31).

roted.
658.

Uonsalate general 4.rgentine

epublic, to

gentine Minister of finance, ;6,000 gold. (lormal application).

Granted.
697.

Bank of Nova Scotia. n_llicago, to Sydney,

2,000 lassian roubles (valae , 50).
696.

Mexican Importing

aranted.

xporting 2o., New York,

to Jomnania de A)mento del Larebte de :exico, S.
.100,000 gold.




699.

Declined.

First National Bank, Brownsville, '.7Exas, to

.,;ollcctor of Customs, :IatamorLs, 7,:ex., during January, 1915,
Granted.

o1d.

0,000

900.

Democrata

Naco, to sane, ..;ananea,

50,000 U. S. gold and 50,000 pesos ile.Kican 77,o1d, during
January, 1916.
901.

aranted for duties only.

B. :orrilla Suce, Laredo, 7exas, tosame, New

ex., .10,000 gold coin.

Laredo,

2uspended and referred to :Ir.

1,:cCarty by Secretary..
93.

Jo., Lew York, to )flympania de

The ":.merican

y 7.et1es 0.

7,:exico

.450,000 gold coin.

ranted.
903. . Handy X qarman, New York, to :.:ocatta
London,

100,000 silver bulliori.
904.

aoldsmid,

aranted.

L7hase rational 3ank, 1:ew York, to -/oyal 3ank of

'Canada, Jamaguey, .Cuba, '.100,000 currency.

f.;ranted.

press statement regarding the collection of foreign
coupons was read and approved: :./.1d ordered issued.
Ordered that in future each concern applying for permission to export 7o1d make application direct instead of
through others, designating if they wish the individual or
bank through whom clearance is to be made.




Voted for the present to refuse all shipments of gold

990

to "'anpico, past appli an S to be notified
At 11.10 a.m. the ,lom!nittee zdjoirned.
APPRO.
'




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Secretary.