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EX•OFFICIO MEMBERS W. P. G. HARDING. GOVlftNOR PAUL M. WARBURG. YICI GOVERNOR FRIDERIC A. DELANO ADOLPH C. MILLER CHARLEII S. HAMLIN WILLIAM G. MCADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER Of' THE CURRENCY FEDERAL RESERVE BOARD WASHINGTON H. PARKER WILLIS, SICR!;TAitY SHERMAN P. ALLEN, ASST. liiCRETARY AND FISCAL AGENT ADDRESS RKPLY TO FEDERAL RESERVE I!IOARD May 17, 1918. X-948 De·ar Sir: The Gold Export Coxr.mi tt0e of thCJ Fadoral R0scrvG Board has voted to authorize Federal RosGrvo banks to issue continuous licenses or permits for the exportation of Mexican paper currency to Y~xic0 1 good until revoked. In accordance with the terms of this authorization therefore 1 it will be unnecessary for those who wish to ship Mexican paper currency to Mexico to make separate applications for permission to ship, but they may act under general licenses issued by the Federal Reserve bank of their district. It is, however 1 desired that all such shipments be reported weekly to the Federal Reserve bank oi the district and by it to the Federal Reserve Board. Yours very truly, Secretary. Federal Reserve Bank,
@FedFRASER