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t· 414 F E D E R A L R E ·s E R V E B 0 A R D x-1601 STATEMENT FOR THE PRESS For immediate release June 30, 1919. 'l;he Federal Reserve Board has been advised through the Secreta.17 of the Treasury that the President ha.s signed a procl.a.ma.tion revoking, subJect to certain exceptions, certain :prior procla.u.ations and brdera including the e.xeeutive order of Jan\Ja.r;y 26, 191~ relating to the embargo on coih' b\tllio.h and. c'lirrency and. to the restrictions on transactions in foreign exchange. Under this action and the action thereunder which has been ta.ken by the Federal Reserve Board with the approval of t be Secretary of the Treasury all restrictions have been removed from the export of coin, bullion and currency and from transactions in foreign exchange e.xcept with or for persons in that part of Russia now under control of the so-called Bolshevik Government, ino.luding also the export and ~ort of ruble notes. Applications and licenses, beginning July 1 1 1919, will not be required for the export of coin, bullion or currency e.xcept as above stated. .· Neither the procl.ama.tion nor the action of the Federal Reserve Board in connection therewith, should be construed so as to authorize remittances to enemy territory which are permittee\. as heretofore, only under special or general license of the War Trade Board.
@FedFRASER