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uuCi!4 rl>"l W. P. G. HARDING. GoVERNOR ALBERT STRAUSS. VICE GoVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN EX-OFPICIO MEMBERS CARTEffGLA!s SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COII!tTROUER OF THE CURRENCY J. A. BRODERICK. SECRETARY W. T. CHAPMAN. ASSISTANT SECRETARY W. M. IMLAY. fiSCAL AGENT ADDRESS REPLY TO WASHINGTON FEDERAL RESERVE BOARD Nay 28' 1919 X-1556 Subject:Export of Manufactured ; Gold~ Dear Sir! ~ On May 2nd, the War Trade Board issued a regulation in connection with the export of manufactured gold, which stated that applications for gold, the value of the gold content of which exceeded 65% of the total value, were to be regarded as gold bullion, and subject to the control of the Federal Reserve Board, a copy of which regulation was ~iled you on May 20th. In this respectt further regulation was issued by the War Trade Board on Nay 9th, stating that applications fo? gold, the ¥alue of the gold content of which did not exceed 65% of the total value, could be exported without individual licenses from the War Trade Board~ and in order that you ct:l ....... gJ ·may properly handle any applications which are filed throv.gh your Ba.nkt we are enclosing copy of regulation of May 9th for your guidance. Such ap- plications for manufactured gold filed through your Bank which must come before the Board should be made out on the regular Federal Reserve Board application fonns. Kindly acknowledge receipt. Very truly yours, Assistant Secretary. Enclosure.
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