The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
W. P. G. HARDING. GciYONi>R PAUL M. WARBURG. YICI GOYIRNDR FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S. HAMLIN Ex·OJI'FICIO MRM8BR8 WILLIAM G. McADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS H. PARKER WILLIS, SECRETARY SHERMAN P. ALLEN. ASST. SECRETARY AND FISCAL AGENT FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY WASHINGTON ADDRESS R.PLY TO FEDERAl. RESERVE BOARD Dear Sir: The Federal Reserve Board has 9een ·. mof ficial1y advised that there has been a change in the policy of the Mexican Govern~nti whereby that Governaent now requires expprters of silver bull:i.on to re-import in gold fifty per cent of the val1::.e Clf the silver bullion or silver in ore thus formerly. exported~ instead of twenty-five per cent as The Board 1 however, is not willing to grant licenses for export that are in exces~ of twenty-five per cent of the silver value 1 this being the same as its past practice. It requests 1 · therefore 1 that you bear this ter in ndnd in passing upon export gold when sub~tted applic~tions for permission to to you for action and transmission to the Board. Yours very truly, Se creta.ry. Federal Reserve Bank; Il.la.t~
@FedFRASER