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F E D E R A L R E S E R V E BANK
O F NEW YORK
Fiscal Agent of the United States

r Circular No. 3 1 1 8 1
L August 13, 1946 j

REPORTS OF TRANSACTIONS IN FOREIGN EXCHANGE, TRANSFERS OF CREDIT,
AND THE EXPORT OF COIN AND CURRENCY

To all Banking Institutions, and Others Concerned,
in the Second Federal Reserve D istrict :

This circular contains information as to the reports required to be filed with this bank by
persons within the Second Federal Reserve District engaging in transactions in foreign
exchange, transfers of credit, and the export of coin and currency, subject to the provisions of
Executive Order No. 6560.
Executive Order No. 6560

1. There is set forth on page 3 of this circular the text of Executive Order No. 6560
(hereinafter sometimes referred to as the “ Order” ), dated January 15, 1934, prohibiting,
unless licensed or excepted as provided therein, transactions in foreign exchange, transfers of
credit, and the export of coin and currency. Reference is made to the terms of the Order for
information as to the extent of the prohibitions referred to, the persons and transactions
subject to the Order, and other details.
Regulations of the Secretary of the Treasury

2. There is set forth on page 4 of this circular the text of Regulations1 issued by the Secre­
tary of the Treasury on November 12, 1934, granting the general license described therein,
and requiring every person2 engaging in any transaction, transfer, export, or withdrawal
referred to in Section 1 of the Order to furnish to the Federal Reserve Bank of the Federal
Reserve District in which such person has his principal place of business, complete informa­
tion relative thereto upon report forms prescribed by the Secretary of the Treasury. The
Regulations provide for the furnishing of this information on a weekly basis, except as the
respective Federal Reserve Banks permit the information in certain cases or classes of cases
to be furnished on the basis of longer intervals.
1 Provisions of the Order and the Regulations were later modified, in respect of matters not pertinent to the subject of
this circular, by Executive Order No. 8389, as amended, pertaining to foreign funds control. Section 6 of Executive Order
No. 8389 (the text of which appears on page 4 of this circular) continues in full force and effect the provisions of Executive
Order No. 6560 and the Regulations of the Secretary of the Treasury not modified by Executive Order No. 8389.
2 The following persons are excepted from this requirement: (1) persons not carrying during any part of the reporting
period, accounts abroad or accounts in the United States for non-residents thereof; and (2) persons whose aggregate
transactions, transfers, exports or withdrawals, for their own account and the account of others, do not exceed $5,000 during
any seven-day period.




Monthly reports by banks, bankers, and brokers or dealers in securities

3. Under the authority of the Regulations of the Secretary of the Treasury, the Federal
Reserve Bank of New York permits each bank, banker, and broker or dealer in securities,
whose principal place of business is within the Second Federal Reserve District, to furnish
the information required by the Regulations for monthly periods ending on the last business
day of each month. This information should be furnished on the prescribed report forms in
accordance with the instructions contained on the forms. The completed reports should
reach this bank not later than the seventh day following the end of the period covered by
the report.
Quarterly reports by others

4. Under the authority of the Regulations of the Secretary of the Treasury, the Federal
Reserve Bank of New York permits each exporter, importer, industrial or commercial concern,
and other person (except a bank, banker, or broker or dealer in securities), whose principal
place of business is within the Second Federal Reserve District, to furnish the information
required by the Regulations for quarterly periods ending on the last business days of March,
June, September and December in each year. This information should be furnished on the
prescribed report forms in accordance with the instructions contained on the forms. The
completed reports should reach this bank not later than the last day of the month following
the end of the period covered by the report.
Requests for report forms

5. Requests for the prescribed report forms should be addressed to the Reports and
Analysis Division of the Foreign Department of this bank.
Effect of this circular on previous circular

6. This circular supersedes our Circular No. 1474 dated November 13, 1934, entitled
“ Transactions in Foreign Exchange” .
Additional copies of this circular will be furnished upon request.




A

llan

S proul,

President.

2

EXECUTIVE ORDER NO. 6560
R E G U L A T IN G T R A N S A C T IO N S IN FO RE IG N E XC H A N G E , T R A N S F E R S OF C R ED IT,
A N D T H E E X P O R T O F C O IN A N D C U R R E N C Y
By virtue of the authority vested in me by Section 5 (b ) of the Act of October 6, 1917 (40 Stat. L.,
411) as amended by Section 2 of the Act of March 9, 1933, entitled “ An Act to Provide Relief in the Exist­
ing National Emergency in Banking and for other Purposes” , I, F R A N K L IN D. R O O SE V E L T ,
P R E S ID E N T of the U N IT E D S T A T E S O F A M E R IC A , do declare that a period of national emer­
gency continues to exist, and by virtue of said authority and of all other authority vested in me, do
hereby prescribe the following regulations for the investigation, regulation, and prohibition of trans­
actions in foreign exchange, transfers of credit between or payments by banking institutions as herein
defined, and export of currency or silver coin, by any person wT
ithin the United States or any place
subject to the jurisdiction thereof:
S e c t io n 1. Every transaction in foreign exchange, transfer of credit between any banking institu­
tion within the United States and any banking institution outside of the United States (including any
principal, agent, home office, branch, or correspondent outside of the United States of a banking institu­
tion within the United States), and the export or withdrawal from the United States of any currency
or silver coin which is legal tender in the United States, by any person within the United States, is
hereby prohibited, except under license therefor issued pursuant to this Executive O rder; provided,
however, that, except as prohibited under regulations prescribed by the Secretary of the Treasury,
foreign exchange transactions and transfers of credit may be carried out without a license for (a) normal
com mercial or business requirements, ( b) reasonable traveling and other personal requirements, or
(c) the fulfillment of legally enforceable obligations incurred prior to March 9, 1933.
S e c t i o n 2.
Possessions of the United States. Except as prohibited in regulations prescribed by the
Secretary of the Treasury, transfers of credit between banking institutions in the continental United
States and banking institutions in other places subject to the jurisdiction o f the United States (includ­
ing principals, agents, home offices, branches, or correspondents in such other places, of banking insti­
tutions within the continental United States), may be carried out without a license.
S e c t i o n 3. Licenses. The Secretary of the Treasury, acting directly or through any agencies that
he may designate, and the Federal reserve banks acting in accordance with such rules and regulations
as the Secretary of the Treasury may from time to time prescribe, are hereby designated as agencies
for the granting of licenses as hereinafter provided. Licenses may be granted authorizing such trans­
actions in foreign exchange, transfers of credit, and exports o f currency (other than gold certificates)
or silver coin in such specific cases or classes of cases as the Secretary o f the Treasury may determine
in regulations prescribed hereunder and rulings made pursuant thereto.
S e c t io n 4. Reports. The Federal reserve banks shall keep themselves currently informed as to
foreign exchange transactions entered into or consummated, and transfers of credit made between bank­
ing institutions outside of the continental United States and banking institutions, in their districts, and
report to the Secretary of the Treasury all transactions in foreign exchange and all such transfers of credit
not permitted under Sections 1 or 2 hereof which are effected or attempted in their districts without a
license.
S e c t io n 5. Regulations. The Secretary of the Treasury is authorized and empowered to prescribe
from time to time regulations to carry out the purposes of this Order, and to provide in such regula­
tions or by rulings made pursuant thereto, the conditions under which licenses may be granted by the
Federal reserve banks and by such other agencies as the Secretary of the Treasury may designate;
and the Secretary o f the Treasury may require any person engaged in any transaction, transfer, export,
or withdrawal referred to in this Executive Order to furnish under oath com plete information relative
thereto, including the production of any books of account, contracts, letters, or other papers, in connec­
tion therewith in the custody or control of such person either before or after such transaction, transfer,
export, or withdrawal is completed.
S e c t io n 6. Penalties. Whoever willfully violates or know ingly participates in the violation o f any
provision of this Executive Order or o f any license, order, rule, or regulation issued or prescribed here­
under, shall be subject to the penalties provided in Section .5(b) of the A ct of O ctober 6, 1917, as
amended by Section 2 of the A ct of March 9, 1933.
S e c t io n 7. Definitions. As used in this Executive Order the term “ United States” means the
United States and any place subject to the jurisdiction th ereof; the term “ continental United States”
means the States o f the United States, the District of Columbia, and the Territory of A laska; the term
“ person” means an individual, partnership, association, or corporation ; and the term “ banking institu­
tion” includes any person engaged primarily or incidentally in the business of banking, of granting or
transferring credits, or of purchasing and selling foreign exchange or procuring purchasers and sellers
thereof, as principal or agent; and, for the purposes of this Order, each home office, branch, principal,
agent, or correspondent of any person so engaged shall be regarded as a separate “ banking institution” .
S e c t io n 8. Section 8 of the Executive Order o f A ugust 28, 1933, Relating to the H oarding, Export,
and Earmarking o f Gold Coin, Bullion, or Currency and to Transactions in Foreign Exchange, is hereby
revoked.
This Executive Order and any rules, regulations, or licenses prescribed or issued hereunder may be
modified or revoked at any time.
F R A N K L IN D. R O O S E V E L T
T

he

W

h it e

H

ouse,

January 15,1934.



3

TREASU RY DEPARTM ENT,
Office of the Secretary,
N ovem ber 12, 1934.

/”

REGULATIONS
Relating to Transactions in Foreign Exchange, Transfers o f Credit,
and the Export of Coin and Currency
A rticle 1. These regulations are prescribed and issued under authority o f Section 5 (b ) of the
A ct o f O ctober 6, 1917 (40 Stat. L., 411), as amended by Section 2 of the A ct of March 9, 1933, and
the Executive Order of January 15, 1934, Regulating Transactions in Foreign Exchange, Transfers
o f Credit, and the Export of Coin and Currency.
A rticle 2. Licenses may be granted, and a general license is hereby granted, to all individuals,
partnerships, associations, and corporations, authorizing any and all transactions in foreign
exchange, transfers of credit, and exports of currency (other than gold certificates) and silver
coin. The general license herein granted authorizes transactions to be carried out which are
permitted by the Executive Order of January 15, 1934 under license therefor issued pursuant to
such Executive O rder; but does not authorize any transaction to be carried out which, at the
time, is prohibited by any other order or by any law, ruling, or regulation.
A rticle 3. In order that Federal reserve banks may keep themselves currently informed as to
foreign exchange transactions and transfers of credit, as required in Section 4 of the Executive
Order o f January 15, 1934, every person engaging in any transaction, transfer, export, or with­
drawal referred to in Section 1 of such Executive Order shall furnish to the Federal Reserve bank
of the district in which such person has his principal place of business in the United States com ­
plete information relative thereto upon report forms prescribed by the Secretary of the Treasury,
except that reports are not required to be furnished by ( 1) persons not carrying during any part of
the reporting period, accounts abroad or accounts in the United States for non-residents thereof, or
( 2) persons whose aggregate transactions, transfers, exports, or withdrawals for their own account
and the account of others do not exceed $5,000 during any seven-day period. Such information shall
be furnished on a weekty basis except as the respective Federal Reserve banks permit the informa­
tion in certain cases or classes of cases to be furnished on the basis of longer intervals.
These regulations and the general license herein granted may be modified or revoked at any
time.
H e n r y M o r g e n t h a u , Jr.,
A P P R O V E D : N ovem ber 12, 1934.
Secretary of the Treasury.
F R A N K L IN D. R O O S E V E L T .

S E C T I O N 6 O F E X E C U T I V E O R D E R N O . 8389, A S A M E N D E D J U N E 14, 1941

Section 6. Executive Order N o. 8389 of A pril 10, 1940, as amended, shall no longer be deemed
to be an amendment to or a part o f Executive O rder N o. 6560 of January 15, 1934. Executive Order
No. 6560 of January 15, 1934, and the Regulations of N ovem ber 12, 1934, are hereby modified in
so far as they are inconsistent with the provisions o f this Order, and except as so modified, con ­
tinue in full force and effect. N othing herein shall be deemed to revoke any license, ruling, or
instruction now in effect and issued pursuant to Executive Order N o. 6560 o f January 15, 1934, as
amended, or pursuant to this O rder; provided, however, that all such licenses, rulings, or instruc­
tions shall be subject to the provisions hereof. A n y amendment, modification or revocation by or
pursuant to the provisions of this Order o f any orders, regulations, rulings, instructions or
licenses shall not affect any act done, or any suit or proceeding had or com m enced in any civil or
criminal case prior to such amendment, m odification or revocation, and all penalties, forfeitures
and liabilities under any such orders, regulations, rulings, instructions or licenses shall continue
and may be enforced as if such amendment, modification or revocation had not been made.




4

^

28

Q u a r te r ly R e p o r t t o F e d e ra l R eserv e Bank o f New Y ork

Foreign Exchange Form C 3
TREASURY DEPARTMENT
Office of the Secretary

Name of Exporter, Importer, or Industrial or
Commercial Concern, etc.
V e have nothing to report as of the quarter ended
i

----------------------------

on the folloTdng forms, provided for in the Executive Order of January 15, 1934and Treasury regulations thereunder:




Forms No.

ci
c 2

.□
I

I

O f f i c i a l S ig n a tu r e

LZ

Monthly Report to Federal Reserve Bank of New York
Foreign Exchange Form S—$
TREASURY DEPARTMENT
Office of the Secretary

Name of Broker, Dealer, Etc.

We have nothing to report (
as of
)
(for the month ended)*
on the following forms, provided for in the Executive Order of January 15, 1934
and Treasury regulations thereunder.




Forms No,

S -l/3
S-4

□
?--- ~T

|

I

Ô f f i c i t i l S ig n a tu r e

Monthly Report to Federal Reserve Bank o f New York

Foreign Exchange Form B-6
TREASURY DEPARTMENT
Office of the Secretary

Name of Bank, Banker, etc.
We have nothing to report [
as of
)
(for the month ended)------------------on the following forms, provided for in the Executive Order of January 15, 1934.
and Treasury regulations thereunder.
Form No.
3 -1

.----- 1
• t

B-l-A
B-l-G
3 -2

B-3
B-/+/5
S-l/3




O f f i c i a l Signature

Foreign Exchange Form B-l
TREASURY DEPARTMENT
Office of the Secretary
Revision 1942

MONTHLY REPORT TO FEDERAL RESERVE BANK OF N E W YORK
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15, 1954 AND TREASURY REGULATIONS THEREUNDER)
Strictly Confidential

LIABILITIES TO “FOREIGNERS”
LIABILITIES PAYABLE IN DOLLARS
"SHORT TERM'
4
3

1
FOREIGN
COUNTRIES (a)

2

Deposits
of
"Foreigners”

Bills Held
for a/c of
''Foreigners"

(c)

(b)
IOPE:

mMJ -

tbou’s

mill’ s

tbou’s

"Short Term”
U. S. Gov’t
Obligations
Held for a/c of
“Foreigners"
mill's

thou's

6

5

All Other
"Short Term”
Liabilities
to
"Foreigners”

Total

(Cols. 1-4)

(d)
mill’ s

mill’s

thou’s

thou's

nited Kingdom
ranee
elgium
'enmark
inland
ermany
•recce
aly
uxembourg
fetherlands
iorway
ortugal
umania
pain
weden
witzerland

r. S. S. R.
ugoslavia
»ther Europe
Total Europe
anada

riN AMERICA:
j-gentina
olivia
razil


http://fraser.stlouisfed.org/
hile
Federal Reserve Bank of St. Louis

...

\

-

_

Liabilities to
"Foreigners”
Maturing in
More Than
One Year
from Date
of Report
(e)
mill’s

tbou’s

LIABILITIES PAYABLE IN FOREIGN CURRENCIES
"SHORT TERM”
11
7
8
Liabilities to
10
9
"Foreigners”
Our Liability
All Other
Borrowed
Maturing in
on Acceptances
"Short Term”
from
More Than
Total
Made by
Liabilities
Foreign
One Year
"Foreigners”
to
Banks
from Date
for our a/c
"Foreigners”
of Report
(Cols. 7-9)
(h)
(g)
(0
(e)
~mìJl

J

tbou’s

mill's

tbou’s

Form Approved
Budget Bureau No. 48-R092-42

Date

(Actual figures in thousands of dollars as of dose of last business day of month)

Name of Reporting Bask, Banker, etc.

mill's

tbou’s

mill’ s

thou,

urr

m

thou’s

12

13

14

Total
"Short Term”
Liabilities

Total
Liabilities
Maturing in
More Than
One Year
from Date
of Report

Grand
Total

(Cols. 5 & 10)

(Cols. 6 & 11)

(Cols. 12 & 13)

mill’s

tbou’ s

milYs

tbou’s

mill’s

thou’s




Strictly confidential

Foreign Exchange Form B-l
TREASURY DEPARTMENT
Office of the Secretary
Revision 1942
MONTHLY REPORT TO FEDERAL RESERVE BANK OF NEW YORK
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15. 1934 AND TREASURY REGULATIONS THEREUNDER)

LIABILITIES TO “FOREIGNERS”

Form Approved
Budget Bureau No. 48-R092-42

)lombia
jsta Rica
¿ba
ench West Indies & Guiana
M ico
ex
etherlands West Indies & Surinam
mama
;ru
enezuela
ther Latin America
Total Latin America
A:
hina & Manchuria
rench Indo-China
-J
ong Kong
idia, Burma, & Ceylon
ritish Malaya
ipan
Netherlands East Indies
hilippine Islands
urkey
ther Asia

r

Total Asia
tfER COUNTRIES:
ustralia

,

few Zealand
gypt & Anglo-Egyptian Sudan
rench Morocco
nion of South Africa
1 Other
1
Total — Other Countries
nidentified
Grand Total

BEFORE PREPARING TH IS REPORT PLEASE READ CAREFULLY THE DEFINITIONS, INSTRUCTIONS, A N D FOOTNOTES O N REVERSE SIDE.




Official Signature




General Definitions and Instructions
This report form is designed to cover "short term” and certain other liabilities to "foreigners” which represent claims, acquired either here or abroad, on institutions
or individuals in the United States, in so far as data on these liabilities may be obtained from reporting ban!«, bankers, and others. A separation is required between
liabilities to "foreigners” payable in dollars and liabilities to "foreigners” payable in foreign currencies.
1.

"Foreigners”
For the purposes of this report, the term "foreigners” covers:
(a) All institutions and individuals, whatever their nationality, who are domiciled, outside the United States. Thus, for example, foreign branches of American banks should be
regarded as "foreigners,” precisely as if they were separate foreign banks; United States branches and agencies of foreign hanks in making out this report, should consider
their head offices and branches outside the United States as "foreigners.”
(b) All those in the United States (except other reporting institutions) to the extent that they are acting on behalf of, for the account of, or for the benefit of, institutions or
individuals domiciled outside the United States. Thus, for example, your liabilities arising from balances and investments known to be held by a domestic trustee or
nominee for the benefit of those domiciled abroad or held by representatives in the United States of foreign governments should be included in this report, precisely as
if such liabilities were directly due to institutions or individuals abroad. Such funds should be reported geographically according to the domicile of the beneficiary.
The term "foreigners” does not include other reporting institutions (such as domestic banks or branches and agencies of foreign banks situated in the United States), even though
they may be acting on behalf of institutions or individuals domiciled abroad.

2.

"Short Term”
"Short term” is defined as relating to obligations payable on demand or maturing not more than one year from date of report. Exception: "Long term” securities, both publicly
and privately offered, are not to be regarded as "short term” obligations, even when they come within one year of maturity. (See Instruction 3 below.)

3.

"Long Term” Securities
"Long term” securities are defined as those having a maturity of more than one year from the date of issuance. Such securities, both publicly and privately offered, held
for account of "foreigners” are not to be reported on this form, even when they come within one year of maturity; instead, the purchase, sale, or redemption of such securities,
and of stocks, should be reported on Form S-l or S-2. However, holdings by "foreigners” of "short term” obligations, including United States Treasury bills and Treasury Cer­
tificates of Indebtedness, should be reported on this form.

4.

"Earmarked” Funds
Funds held in the accounts of "foreigners” which are set aside as margin or security against debts of "foreigners” and which will be released upon payment of such indebtedness
are to be included in the figures reported on this form. Funds held by you which are set aside against letters of credit; for interest, sinking fund, and bond redemption payments;
or for other similar purposes should also be* included in your reported figures. Gold, silver, or currency which may be held in your vaults for foreign account should, however,
be excluded.

5.

Conversion of Foreign Currency Liabilities into Dollars
Liabilities payable in foreign currencies should be converted into dollars at the exchange rates prevailing on the report date.

6.

Forward Exchange Contracts
Purchases and sales of forward exchange should be ignored for the purposes of this report. (Outstanding forward contracts are to be reported on Form B-3, while purchases and
sales of foreign exchange, both spot and forward, as well as the net foreign exchange position, are to be reported on Form B -4/5.)

Footnotes
(a) The following United States territories and possessions are not to be regarded as "foreign countries” for the purposes of this report: Alaska, American Samoa, the Canal Zone, Guam,
Hawaii, Midway Island, Puerto Rico, Virgin Islands, and Wake Island. The Philippine Islands, however, should be considered as "foreign” for the purposes of this report. Accounts of
institutions and individuals in outlying possessions of a foreign country should not be combined with those of the parent country, but should be reported under their own appropriate
geographical areas. For example, liabilities to those in Java should be reported under the Netherlands East Indies, instead of under the Netherlands.
(b) Report under this heading all time and demand deposits credited to the accounts of "foreigners.”
"foreigners” should be reported on Form B-2, column 6.

(For "earmarked”

funds see Instruction 4 above.)

Overdrafts in the accounts of

(c) Report under this heading all bills held for the account of "foreigners” which are payable in dollars and drawn upon banks, business concerns, and individuals in the United States; include
both bills acquired in this market and bills received from abroad to be held by you for collection.
(d) Report under this heading all other "short term” assets payable in dollars held for the account of "foreigners” which represent claims on institutions or individuals in the United States,
including "short term” State and municipal obligations, commercial paper, participations granted to "foreigners” in loans made to domestic customers, etc.
(e) Report under this heading your liabilities to "foreigners” and all assets held for the account of "foreigners” which represent claims on institutions or individuals in the United States
maturing in more than one year from date of report; include commercial paper, participations granted to "foreigners” in loans made to domestic customers, etc., but do not include
unutilized credits, even if such credits represent firm commitments. Holdings of common and preferred stocks and of "long term” securities should not be reported here. (See Instruction 3
above.)
(f ) Report under this heading only loans, advances, or overdrafts payable in foreign currencies which have bfen actually granted to you by foreign banks and bankers; do not include
unutilized credits, even if such credits represent firm commitments.

(g)

Report under this heading the net liability on acceptances made by foreign correspondents for your own account or for the account of your domestic clients with your guarantee. These
figures are to be reported opposite the countries in which are located the hanlrs or bankers which have
the acceptances.

(h) Report under this heading all other "short term” liabilities to "foreigners" which are payable in foreign currencies.

Foreign Exchange Form B-l-A
TREASURY DEPARTMENT
Office of the Secretary
MONTHLY REPORT TO FEDERAL RESERVE BANK OF NEW YORK

Form Approved
Budget Bureau No. 48-R100

(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15, 1954 AND TREASURY REGULATIONS THEREUNDER)
Strictly Confidential

CHANGES OF DOMICILE
Month Ended

Name of Reporting Bank, Banker, etc.

Date

(Amounts in thousands of dollars)

FOREIGN
COUNTRIES (a)

Accounts of Customers whose Domicile
changed from Domestic to Foreign
2

United Kingdom
France
Belgium
Denmark
Finland
Germany
Greece
Italy
Luxembourg
Netherlands
Norway
Portugal
Rumania
Spain
Sweden
Switzerland
U. S. S. R.
Y ugoslavia
Other Europe
Total Europe
Canada
ATIN AMERICA:
Argentina
Bolivia
Brazil


Chile


millions

3

4

Amount (c )

1
Number (b )

IROPE:

Accounts of Customers whose Domicile
changed from Foreign to Domestic

Number (b )

Amount (c )

thousands

millions

thousands

___________________ ______________________________
Name of Reporting Bank, Banker, etc.

Month Ended______________________
Date

Foreign Exchange Form B-l-A
TREASURY DEPARTMENT
Office of the Secretary
Form Approved
Budget Bureau No. 48-R100

Strictly Confidential
M ONTHLY REPORT TO FEDERAL RESERVE BANK OF NEW YORK
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15. 1934 AND TREASURY REGULATIONS THEREUNDER)




CHANGES OF DOMICILE




Official Signature

General Instructions
This report form is designed to cover all accounts of individuals and institutions, whose domicile has changed (1 )
from the United States and possessions (see footnote (a) below ) to a foreign country, or (2 ) from a foreign country to the
United States and its possessions. Whenever, because of the change of domicile of an individual or institution, an account is
added to your report on Form B-l or eliminated therefrom, the appropriate data should be reported on this form in accordance
with these instructions, and with the footnotes below.

Footnotes
(a ) The following United States territories and possessions are not to be regarded as "foreign countries” for the purposes of
this report: Alaska, American Samoa, the Canal Zone, Guam, Hawaii, Midway Island, Puerto Rico, Virgin Islands, and
Wake Island. The Philippine Islands, however, should be considered as "foreign” for the purposes of this report. Accounts
of institutions and individuals in outlying possessions o f a foreign country should not be combined with those of the par­
ent country, but should be reported under their own appropriate geographical areas. For example, accounts of those in
Java should be reported under the Netherlands East Indies, instead of under the Netherlands.
(b ) The term "accounts” should be interpreted to include sub-accounts. Each name or other designation under which records are
kept should constitute a separate account, except that joint accounts in the names o f two or more persons, as, for example,
husband and wife, should constitute one account.
(c ) With respect to any account reportable here because of change of domicile, the amount to be reported should be the grand
total of all items called for on Form B-l, held in the account at the time the domicile was changed on your records.




Foreign Exchange FORM B-l-G
TREASURY DEPARTMENT
Office of the Secretary

M ONTHLY REPORT TO FEDERAL RESERVE BANK OF N E W YORK
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15, 1934 AND TREASURY REGULATIONS THEREUNDER)

Foim Approved
Budget Bureau No. 48-R093-42

LIABILITIES—“OFFICIAL FOREIGN” ACCOUNTS

Strictly Confidential

(Actual figures in thousands of dollars as of close of last business day of month)

Name of Reporting Bank, Banker, etc.

1
FOREIGN

Deposits in
"Official
Foreign”
Accounts

COUNTRIES (a)

(b)
mill’s

DPE:

tbou’s

LIABILITIES PAYABLE IN DOLLARS
"SHORT TERM”
4
5
2
3
All Other
"Short Term”
"Short Term”
Bills Held
U. S. Gov’t
Liabilities
for "Official
Obligations
Total
to "Official
Foreign”
Held for "O f- '
Foreign”
Accounts
ficial For­
Accounts
eign” Accounts
(Cols. 1-4)
(c)
(d)
mill's

tbou’s

mill's

tbou’s

mill’s

tbou’s

mill's

tbou’s

Date
6
Liabilities
Maturing in
More Than
One Year
from Date
of Report
(e>
"m irI ' tbou’s

LIABILITIES PAYABLE IN
l,
8
7
Liabilities
Maturing in
More Than
One Year
"Short
from Date
Term”
of Report
(e)
mill’s

tbou’s

mill’s

tbou's

10

11

Total
liabilities
Maturing in
More Than
One Year
from Date
of Report

Grand
Total

9

Total
"Short Term”
Liabilities
(Cols. 5 & 7)

(Cols. 6 & 8)

(Cols. 9 & 10)

mill’s

mill’s

mill’s

tbou’s

tbou's

ited Kingdom
tnce
Igium
,-nm
ark
aland
:rmany
recce
Jy
ixembourg
cthcrlands
•

orway
)rtugal
imania

>ain

-«

veden
vitzerland
. S. S. R.
ugoslavia
ther Europe
Total Europe
anada
riN AMERICA:
rgentina
olivia
razil


http://fraser.stlouisfed.org/
bile
Federal Reserve Bank of St. Louis

•

tbou’s

Date

Name of Reporting Bank, Banker, etc.




Form Approved
Budget Bureau No. 48-R093-42

Strictly confidential

Foreign Exchange FORM B-l-G
TREASURY DEPARTMENT
Office of the Secretary
M O N T H L Y REPORT T O FEDERAL RESERVE BA N K OF N E W Y O R K
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15. 1934 AND TREASURY REGULATIONS THEREUNDER)

LIABILITIES—“OFFICIAL FOREIGN” ACCOUNTS

lombia
sta Rica
ba
inch West Indies & Guiana
rxico
;therlands West Indies & Surinam
nama
ru
•nezuela
her Latin America
Total Latin America

lina
ench Indo-China
ang Kong
dia, Burma, & Ceylon
itish Malaya
pan (incl. Korea) & Manchuria
etherlands East Indies
lilippine Islands
irkey
ther Asia
Total Asia
1ER COUNTRIES:
ustralia
ew Zealand
gypt & Anglo-Egyptian Sudan
•ench Morocco
nion of South Africa
1 Other
1
Total — Other Countries
nidentified
•
Grand Total

BEFORE PREPARING TH IS REPORT PLEASE READ CAREFULLY THE DEFINITIONS, INSTRUCTIONS, A N D FOOTNOTES O N REVERSE SIDE.




Official Sign&turt

General Definitions and Instructions
This report form is designed to cover "short term” and certain other liabilities arising from deposits in "official foreign” accounts and from other assets held for such
accounts which represent claims, acquired either here or abroad, on institutions or individuals in the United States. A separation is required between liabilities payable in
dollars and liabilities payable in foreign currencies. The figures reported on this form should also be included as part of your total reported figures on Form B-l.
1.

"Official Foreign” Accounts
For the purposes of this report, the term, "official foreign” accounts, should be interpreted broadly to include, not only the accounts of recognized central banks of issue and
central governments of foreign countries and of their possessions, but also the accounts carried by you for the following: (a) All diplomatic and consular establishments of
foreign governments, including such establishments located both in the United States and in other countries (but excluding personal accounts of foreign diplomats, etc.— see paragraph
below) ; (b) all branches or departments of foreign central governments, such as the various Ministries, Stabilization Funds, other governmental exchange authorities, etc. ; (c) all
other agents and agencies of foreign central governments, including purchasing commissions located in the United States. "Official foreign” accounts held by you should be
classified geographically according to the native country of the holder, rather than according to the location of the holder. For example, accounts of the Royal Norwegian
Government resident in London or of Norwegian Embassies or Consulates throughout the world should be reported under Norway.
The term, "official foreign” accounts, does not include: (a) Any account carried by you for other reporting institutions (such as domestic banks or branches and agencies
of foreign banks situated in the United States), even though they may be carrying an "official foreign” account; (b) accounts of local governments or other political subdivisions
of foreign countries; and (c) accounts carried by you for the personal use of diplomatic and other official representatives of foreign countries.

2.

"Short Term”
"Short term” is defined as relating to obligations payable on demand or maturing not more than one year from date of report. Exception : "Long term” securities, both publicly
and privately offered, are not to be regarded as "short term” obligations, even when they come within one year of maturity. (See Instruction 3 below.)

3.

"Long Term” Securities
"Long term” securities are defined as those having a maturity of more than one year from the date of issuance. Such securities, both publicly and privately offered, held for
"official foreign” account, are not to be reported on this form, even when they come within one year of maturity; instead, the purchase, sale, or redemption of such securities,
and of stocks, should be included in your total reported figures on Form S-l or S-2. However, holdings of "short term” obligations, including United States Treasury bills and
Treasury Certificates of Indebtedness, should be reported on this form.

4.

"Earmarked” Funds
Funds held in "official foreign” accounts which may be set aside as margin or security against debts and which would be released upon payment of such indebtedness are
to be included in the figures reported on this form. Funds held by you which may be set aside against letters of credit; for interest, sinking fund, and bond redemption pay­
ments; or for other similar purposes should also be included in your reported figures. Gold, silver, or currency which may be held in your vaults for "official foreign” account
should, however, be excluded.

5.

Conversion of Foreign Currency Liabilities into Dollars
Liabilities payable in foreign currencies should be converted into dollars at the exchange rates prevailing on the report date.

6.

Forward Exchange Contracts
Purchases and sales of forward exchange should be ignored for the purposes of this report. (Outstanding forward contracts are to be reported on Form B-3, while purchases
and sales of foreign exchange, both spot and forward, as well as the net foreign exchange position, are to be reported on Form B -4/5.)




Footnotes
(a) The following United States territories and possessions are not to be regarded as "foreign countries” for the purposes of this report: Alaska, American Samoa, the Canal Zone, Guam,
Hawaii, Midway Island, Puerto Rico, Virgin Islands, and Wake Island. The Philippine Islands, however, should be considered as "foreign” for the purposes of this report. "Official
foreign” accounts of outlying possessions of a foreign country should not be combined with those of the parent country, but should be reported under their own appropriate geographical areas.
(b) Report under this heading all time and demand deposits credited to “official foreign” accounts. (For "earmarked” funds see Instruction 4 above.) Overdrafts, if any, in "official foreign”
accounts should be included in the total reported figures on Form B-2, column 6.
(c) Report under this heading all bills held for "official foreign” accounts which are payable in dollars and drawn upon banks, business concerns, and individuals in the United States;
include both bills acquired in this market and bills received from abroad to be held by you for collection.
(d ) Report under this heading all other "short term” assets payable in dollars held for "official foreign” accounts which represent claims on institutions or individuals in the United States,
including "short term” State and municipal obligations, commercial paper, etc
(e) Report under this heading all assets held for "official foreign” accounts which represent claims on institutions or individuals in the United States maturing in more than one year from date
of report; include commercial paper, etc., but do not include unutili2ed credits, even if such credits represent firm commitments. Holdings of common and preferred stocks and of "long
term” securities should not be reported here. (See Instruction 3 above.)

Form Approved
Budget Bureau No. 48-R094-42

Foreign Exchange Form B-2
TREASURY DEPARTMENT
Othce of the Secretary
Revision 1942

M O N T H L Y REPORT T O FEDERAL RESERVE BANK OF N E W YO R K
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15. 1934 AND TREASURY REGULATIONS THEREUNDER)

Strictly Confidential

CLAIMS ON “FOREIGNERS”
(Actual figures in thousands o f dollars as of close o f last business day o f month)

Name of Reporting Bank, Banker, etc.

CLAIMS PAYABLE IN FOREIGN CURRENCIES
"SHORT TERM”
4
2
3

1
FOREIGN
COUNTRIES (a )

Own
Deposits
with
"Foreigners”

Deposits
of Domestic
Clients
with
"Foreigners”

)PE:

tbou’t

mill's

tbou’s

mill's

Total

(Cols. 1-3)

(d )

(c)

(b )

miirj

All Other
"Short Term”
Claims on
"Foreigners”

thou’s

milVs

tkê*T
S

6
Loans to
Foreign
Banks

<e)

•nr,

Liability of
"Foreigners”
on Acceptances
Made for
their a /c

millt

thou’i

mill'.

tbou’j

mill'.

thou*t

Total

mill’s

Claims on
"Foreigners”
Maturing in
More Than
One Year from
Date o f Report

thou',

(Cols. 4 & 9 )

<0
mill's

Total
"Short Term”
Claims

thou’.

mill’,

thou.

¡ted Kingdom
nee
gium
rimarle
land
rmany

eece
ly
,

xembourg
therlands
prway
rtugal
mania
tin
eden
itzerland
S. S. R.
¡goslavia
her Europe
Total Europe
nada
IN AMERICA:
gentina
livia
azil


iile


1

13

Total Claims
Maturing in
More Than
One Year
from Date
of Report

Grand
Total

(Cols. 5 & 10)

(Cols. 11 & 12)

10

(Cols. 6-8)

(h )

(g )

(f)
tk tt'.

All Other
"Short Term”
Claims on
"Foreigners”

12

11

CLAIMS PAYABLE IN DOLLARS
"SHORT TERM”
7
8
9

5
Claims on
"Foreigners”
Maturing in
More Than
One Year from
Date of Report

Date

----------------------

mill'.

thou !

mill',

thou ,




Form Approved
Budget Bureau No. 48-R094-42
Strictly confidential

Foreign Exchange Form B-2
TREASURY DEPARTMENT
Office of the Secretary
Revision 1942
M O N T H L Y REPORT T O FEDERAL RESERVE BANK OF N E W YO R K
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15, 1934 AND TREASURY REGULATIONS THEREUNDER)

CLAIMS ON “FOREIGNERS”

ombia
>ta Rica
>a
mch West Indies & Guiana
xico
therlands West Indies & Surinam
lama
ru
nezuela
her Latin America
Total Latin America

ina
inch Indo-China
—
mg Kong
dia, Burma, & Ceylon
itish Malaya
)an (incl. Korea) & Manchuria
.therlands East Indies
‘
ilippine Islands
irkey
her Asia
Total Asia

IER COUNTRIES:
istralia
iw Zealand
ypt & Anglo-Egyptian Sudan
ench Morocco
lion of South Africa
1 Other
Total — Other Countries
lidentified
Grand Total

BEFORE PREPARING TH IS REPORT PLEASE READ CAREFULLY THE DEFINITIONS, INSTRUCTIONS, A N D FOOTNOTES O N REVERSE SIDE.




>




General Definitions and Instructions
This report form is designed to cover those "short term” and certain other assets owned by reporting banks and bankers, their domestic clients, and others which
represent claims on "foreign ers;” such assets may have been acquired and may be held either here or abroad. A separation is required between claims on "foreigners” payable
in foreign currencies and claims on "foreigners” payable in dollars.
L

"Foreigners”
For the purposes o f this report, the term "foreigners” covers:
(a ) A ll institutions and individuals, whatever their nationality, who are domiciled outside the United States. Thus, for example, foreign branches o f American banks should
be regarded as "foreigners,” precisely as if they were separate foreign banks; United States branches and agencies of foreign banks, in making out this report, should
consider their head offices and branches outside the United States as "foreigners.”
( b ) A ll those in the United States (except other reporting institutions) to the extent that they are acting on behalf of, for the account of, or for the benefit of, institutions or
individuals domiciled outside the United States. Thus, for example, your claims and the claims of your domestic clients on those in the United States who are acting on behalf
o f institutions or individuals abroad should be included in this report, precisely as if such claims were directly due from those domiciled outside the United States. Such claims
should be reported geographically according to the domicile o f the ultimate obligor.
The term "foreigners” does not include other reporting institutions (such as domestic banks or branches and agencies of foreign banks situated in the United States), even though
they may be acting on behalf of institutions or individuals domiciled abroad.

2.

"Short Term”
"Short term” is defined as relating to obligations payable on demand or maturing not more than one year from date o f report. Exception: "L ong term” securities, both publicly
and privately offered, are not to be regarded as "short term” obligations, even when they come within on# y«ar o f maturity. (See Instruction 3 below .)

3.

"L ong Term” Securities
"L ong term” securities are defined as those having a maturity o f more than one year from the date o f issuance. Such foreign securities, both publicly and privately offered, held
by you or by your domestic customers are not to be reported on this form, even when they come within on* year o f maturity; instead, the purchase, sale, or redemption of
such securities, and o f stocks, should be reported on Form S-l or S-2. However, holdings o f "short term” foreign obligations should be reported on this form.

4.

Funds Placed Abroad for account o f Domestic Clients and Correspondents
Include in your report funds placed abroad by you for the account o f domestic clients and correspondents; exclude funds placed abroad through other reporting banks, since
in accordance with diese instructions such funds w ill be reported by the bank or banker executing the transaction for your account. Exception: W ith respect to syndicated credits,
including syndicated acceptance credits, each participant should report his own share.

5.

"Earmarked” Funds
Funds held by foreign banks for your account or for the account o f your domestic clients which are aet aside as margin or security against debts to "foreigners” and which w ill
be released upon payment o f such indebtedness are to be included in the figures reported on this form. Funds deposited abroad which are set aside against letters o f credit, for
interest payments on foreign-held American securities, or for other similar purposes should also be included in your reported figures. G old, silver, or currency in transit to or
from the United States or held abroad for your account or for the account o f your domestic clients should be excluded.

6.

Reserves and Write-Offs
The figures reported on this form should show the total o f the "short term” and certain other indebted**« o f "foreigners” to you and your domestic clients. .D o not deduct
any reserves which you may have established against slow or doubtful items; partial write-offs alao should b« ignored for the purposes o f this report. W hen an asset has been
entirely written off as worthless, however, it should no longer be included in this report.

7.

Conversion o f Foreign Currency Assets into Dollars
Assets payable in foreign currencies should be converted into dollars at the exchange rates prevailing on the report date.

.

8

Forward Exchange Contracts
Purchases and sales o f forward exchange should be ignored for the purposes o f this report. (Outstanding forward contra a s are to be reported on Form B-3, while purchases
and sales o f foreign exchange, both spot and forward, as w ell as the net foreign exchange position, arc to be reported on Form B -4 /5 .)

Footnotes
(a) The following United States territories and possessions are not to be regarded as "foreign countries" for the purposes of this report: Alaska, American Samoa, the Canal Zone, Guam,
Hawaii, Midway Island, Puerto Rico, Virgin Islands, and Wake Island. The Philippine Islands, however, should be considered «s "foreign” for the purposes o f this report. Claims on
institutions and individuals in outlying possessions o f a foreign country should not be combined with those of the parent country, but should be reported under their own appropriate
geographical areas. For example, claims on those in Java should be reported under the Netherlands East Indies, instead of under the Netherlands.
( b ) Report under this heading only demand and time deposits which you hold abroad for your own account. Include foreign exchange bought which is in transit; deduct foreign exchange sold
which is in transit. Purchases and sales of forward exchange contracts should be ignored. (For "earmarked” funds see Instruction 5 above.) Overdrafts in your accounts abroad should be
reported on Form B-l, column 7.
( c ) Report under this heading only demand and time deposits which you hold abroad for the account of clients and correspondents domiciled in the United States.
( d ) Report tinder this heading all other “ short term” assets owned by you or by your domestic customers which represent claims on "foreigners” payable in foreign currencies. Include foreign
currency commercial bills drawn upon "foreigners,” whether acquired here or abroad, "short term” foreign currency obligations o f foreign governments and political subdivisions, funds put
out in foreign money markets with banks and dealers in bills and securities, etc.
(e ) Report under this heading all assets owned by you or by your domestic customers which represent claims on "foreigners” maturing in more than one year from date o f report, including
loans granted by you or by your domestic customers, but not including unutilized credits, even if such ciedits represent firm commitments. Holdings by you or your domestic customers
o f common and preferred stocks and o f "long term” obligations o f foreign institutions, including governments and political subdivisions, should not be reported here. (See Instruction
3 above.)
(f) Report under this heading dollar loans, advances, and overdrafts which you have actually granted to foreign banks and bankers and dollar deposits in your accounts with foreign banks
and bankers; do not include unutilized credits, even if such credits represent firm commitments. Loans to foreign banks and bankers, if payable in foreign currencies, should be reported
in column 3(g ) Report under this heading the net liability of "foreigners” on acceptances made by you for their accounts. Enter such figures opposite the countries in which are located the "foreigners"
to whom you have granted the acceptance credits and to whom you look for reimbursement.
(h ) Report under this heading all other "short term” assets owned by you or by your domestic clients and correspondents which represent claims on "foreigners” payable in dollars. Include
"short term” dollar loans and advances extended to foreign governments, municipalities, and corporations.




GENERAL INSTRUCTIONS
Columns 1 to 4 o f this report form are designed to cover all purchases o f foreign e x ­
change, spot and forw ard, effected by you during the entire month covered by the report.
A ll sales o f foreign exchange, spot and forw ard, made by you during the same period
should be entered in columns 5 to 8. Conversion into dollars should be made at the e x ­
change rates at which the purchases or sales were actually executed.
In column 9 enter you r net position in each currency at the close o f the last
business day o f the month. This figure should represent the net balance o f all your own
foreign currency claims and commitments, both spot and forw ard, as included in your
reports on Form s B -l, B-2, and B-3. Foreign currency claims and commitments o f your
dom estic customers, even though they may have been reported on Form s B -l and B-2,
should not be included in this form . Indicate short positions in red. Lon g or short
position in gold or silver bullion should not be included in your position in any foreign
currency, but should be reported separately in a memorandum attached to this report.
FOOTNOTES
(a ) In reporting transactions or the net position in the currencies o f outlying possessions
o f a foreign country, such transactions or net position should not be combined with
those in the currency o f the parent country, but should be reported under the currency
o f their own geographical areas. F or example, transactions in Netherlands East
Indian guilders should be reported under "O ther Asia,” instead o f under the Nether­
lands.
( b ) M exico, Central and South America, and the W est Indies.
( c ) Including, but not limited to, British India, British Malaya, French Indo-China,
Netherlands East Indies, Palestine, Philippine Islands, Thailand, and Turkey.




IB U DG E T

BUREAU

NO. 4 8 -R Q 9 5 -4 2 |

TREASURY DEPARTMENT
Office of the Secretary

(Made pursuant to Executive Order of January ] 5, 1934 and Treasury regulations thereunder)

Strictly Confidential

SHORT TERM FOREIGN LIABILITIES AND SALES OF FORWARD FOREIGN EXCHANGE
Name of Exporter, Importer, or Industrial or Commercial Concern
(Actual figures in thousands of dollars as of last business day of March, June, September, and December)
LIABILITIES PAYABLE IN DOLLARS
1
FOREIGN
COUNTRIES

2

Accounts and
Notes Payable

All Other
Short Term
Liabilities to
“ Foreigners”
(b)

(a)
millions

thou’s

millions

LIABILITIES PAYABLE EN FOREIGN CURRENCIES

8

thou’s

4

Accounts and
Notes Payable
Total
millions

Date

(c)
thou’s

millions

thou’s

6
6
Acceptances Made
Acceptances Made by Foreign Banks
by Foreign Banks
for your a/c
for your a/c under
under Credits
Guaranteed Credits Not Guaranteed
(d)
(e)
millions

thou’s

millions

thou’s

8

1

All Other
Short Term
Liabilities to
“ Foreigners"
(f)
millions

Europe :

thou’s

Total
millions

10

9

Grand Total
thou’s

millions

thou’s

Forward
Foreign
Exchange
Sales
(K)
millions

thou’s

England
France

-

Germany
\

Italy
Netherlands
Switzerland
Other Europe
Total Europe
Canada
Argentina
Brazil
Chile
Other Latin America*
Far Eastt
All Other
Grand Total

Official Signature
( a ) Report under this heading accounts and notes payable to “ foreigners” in dollars, if payable within one year from the reporting date, including credit balances in their accounts
with you.
( b ) Report under this heading all other short term liabilities to “ foreigners” which are payable in dollars, but do not include your liability on bills drawn by “ foreigners” and
accepted by you or by a bank in the United States under credits granted to you.
.( c ) Report under this heading accounts and notes payable to ‘ foreigners” in foreign currencies, if payable within one year from the reporting date.
( d ) Report under this heading your liability on acceptances made fo r your account by foreign banks, including foreign branches o f Am erican banks, under credits guaranteed by a bank
in the United States.
( e ) Report under this heading your liability on acceptances made fo r your account by foreign banks, including foreign branches o f Am erican banks, under credits granted directly to you
and not guaranteed by a bank in the United States.
( f ) Report under this heading all other short term liabilities to “ foreigners” which are payable in foreign currencies, but do not include your liability o p bills drawn on you by
“ foreigners” and accepted by you.
( g ) Report under this heading your outstanding forw ard contracts to sell foreign exchange.

 the West Indies, and all of Central and South America other than Argentina, Brazil. andChile. t Includes China, Dutch East Indies. Brlt.luh India. Japan, Straits Settlements, and Philippine Islands.
• Includes Mexico,
http://fraser.stlouisfed.org/
See Other Side for Definitions and Instructions
F ir st R ev ision
Federal Reserve Bank of St. Louis

»

D efinition« and Instructions

The first nine columns of this reporting form are designed to cover short term liabilities to “ foreigners” o f exporters or importers in the
United States, other American industrial and commercial concerns, and the branches and affiliates in the United States o f foreign industrial and
commercial concerns. A separation is required between liabilities to “ foreigners” payable in foreign currencies and liabilities, to “ foreigners”
payable in dollars. In the final column outstanding forward contracts to sell foreign exchange should be reported.
Short Term
“ Short T erm ” is defined as relating to obligations maturing within one year from date o f rep ort

“Foreigners”
The term “ foreigners” , fo r the purpose o f this report, is used to designate all those who, whatever their nationality, are dom iciled outside the United
States. Thus, fo r example, foreign branches, agencies, subsidiaries, and affiliates o f Am erican exporters, importers, and industrial and commercial concerns are
“ foreigners” , and liabilities to such branches, agencies, subsidiaries, and affiliates should be included in this report. The liabilities to other “ foreigners” o f
such branches and affiliates abroad should not be reported, however.
T he branches, agencies, subsidiaries, and affiliates in the United States o f foreign industrial and commercial concerns should report liabilities to their head
office or parent company abroad as well as liabilities to other “ foreigners” , but should not report liabilities to banks o r others in the United States.

Conversion of Foreign Currency Liabilities into Dollars




Liabilities payable in foreign currencies should be converted into dollars at the approximate exchange rates prevailing on the reporting date.

I_________________________________ »

Strictly Confidential

liv ia a e p u rsu a n t t o ju c e tu u v e \^raer 01 J a n u a ry o , iyp-± a n a u c a a u i y ic g u ia u u u » u ic ic u u u c i /

SHORT TERM FOREIGN ASSETS AND PURCHASES OF FORWARD FOREIGN EXCHANGE

Name of Exporter, importer, or industriai or Commercial Concern
Date
(Actual figures in thousands o f dollars as of last business day o f March, June, September, and Decem ber)
ASSETS PAYABLE IN DOLLARS

ASSETS PAYABLE IN FOREIGN CURRENCIES

FOREIGN
COUNTRIES

1
Deposits with
Banks Abroad
in your own
name
(a)
millions

Europe:

thou s

2

Deposits
maintained
abroad through
domestic banks
(b)
millions

thou's

Î
Accounts,
notes, and
Drafts
Receivable
(c)
millions

thou’s

4
All Other
Short Term
Claims on
"Foreigners”
millions

thou’s

5
Total
millions

thou’s

6
Accounts,
Notes, and
Drafts
Receivable
(e)
millions

thou’s

7
Acceptances
made for
a/c of
"Foreigners”

8
All other
Short Term
Claims on
"Foreigners”

9

10

Total

Grand
Total

(k )
millions

thou’s

millions

thou’s

millions

thou’s

millions

thou’s

11
Forward
Foreign
Exchange
Purchases
(h)
millions

England
France
Germany
Italy
Netherlands

-

Switzerland
Other Europe
Total Europe
Canada
Argentina
Brazil
Chile
Other Latin America*
Far Eastt
All Other
Grand Total

Official Signature
( a ) Report under this heading balances in your ow n name with banks abroad, including the foreign branches o f domestic banks. Report both demand and time deposits.
( b ) R eport under this heading balances maintained abroad on you r behalf by domestic banks in the names o f such dom estic banks or others. Report both demand and time deposits.
( c ) R eport under this heading accounts, notes, and drafts or bills payable to you by “ foreigners” in foreign currencies, if such items become due within one year from the reporting date.
D o not include bills or drafts which you have discounted before maturity, even if such bills o r drafts were sold with your endorsement. Bills which you have purchased from others,
as well as bills arising out o f you r own foreign business should be reported, if drawn on “ foreigners” and payable in foreign currencies.
( d ) Report under this heading all other short term claims on “ foreigners” payable in foreign currencies, including outstanding short term loans to foreign branches and subsidiaries,
and investments in short term foreign government securities.
( e ) Report under this heading accounts, notes, and drafts or bills payable to you by “ foreigners” in dollars, if such items becom e due within one year from the reporting date. D o not
include bills or drafts which you have discounted before maturity, even if such bills or drafts were sold with your endorsement. Bills which you have purchased from others, as
well as bills arising out o f you r own foreign business, should be reported, if drawn on “ foreigners” and payable in dollars.
( f ) R eport under this heading the liability o f “ foreigners” to you on acceptances made by y ou fo r their accounts under acceptance credits which you have granted to them. Enter such
figures opposite the countries in which are located the “ foreigners” to whom you have granted the acceptance credits and to whom you look fo r reimbursement.
( g ) R eport under this heading all other short term claims on “ foreigners” payable in dollars, including outstanding short term loans to foreign branches and subsidiaries.
( h ) R eport under this heading your outstanding forw ard contracts to purchase foreign exchange.
Digitized• Includes Mexico, the West Indies, and all of Central and South America other than Argentina, Brazil, and Chile. + Includes China, Dutch East Indies, British India, Japan, Straits Settlements, and Philippine Islands.
for FRASER
See Other Side for Definitions and Instructions
First Revision
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

thou’s

Definitions and Instructions
The first ten columns of this reporting form are designed to cover short term liabilities o f “ foreigners” to exporters and importers in the
United States, other American industrial and commercial concerns, and the branches and affiliates in the United States o f foreign industrial and
commercial concerns. A separation is required between short term claims on “ foreigners” payable in foreign currencies and short term claims on
“ foreigners” payable in dollars. In the final column outstanding forward contracts to purchase foreign exchange should be reported.
Short Term
“ Short term” is defined as relating to obligations maturing within one year from date o f report. Funds held abroad in blocked accounts o r w hose with­
drawal is subject to restrictions o f various sorts should be reported.

“Foreigners”
The term “ foreigners” , fo r the purpose o f this report, is used to designate all those who, whatever their nationality, are dom iciled outside the United
States. Thus, fo r example, foreign branches, agencies, subsidiaries, and affiliates o f American exporters, importers, and industrial and commercial concerns are
“ foreigners” , and short term claims on such branches, agencies, subsidiaries, and affiliates should be included in this report. The short term claims on other
“ foreigners” o f such branches and affiliates abroad should not be reported, however.
The branches, agencies, subsidiaries, and affiliates in the United States o f foreign industrial and commercial concerns should report short term claims on
their head office or parent company abroad as well as short term claims on other “ foreigners” , but should not report short term claims on banks o r others in
the United States.

Conversion of Foreign Currency Assets into Dollars
Assets payable in foreign currencies should be converted into dollars at the approximate exchange rates prevailing on the reporting date.

“Earmarked” Funds
Funds held by foreign banks fo r your account or fo r the account o f your domestic clients which are set aside as margin o r security against debts to
“ foreigners” and which will be released upon payment o f such indebtedness are to be included in your reported figures. Funds deposited abroad which are
earmarked fo r interest payments on foreign held American securities or fo r other similar purposes should not be reported. Gold, silver, or currency in transit
to or from the United States or held abroad for your account or fo r the account o f your dom estic clients should be excluded.

Reserves and Write-Offs
The figures reported in this form should show the total short term indebtedness o f “ foreigners” . D o not deduct any reserves which you may have
established against slow or doubtful item s; partial w rite-offs also should be ignored fo r the purpose o f this report. W hen an asset has been entirely written o ff
as worthless, however, it should no longer be included in this return.




Foreign Exchange Form S-4
TREASURY DEPARTMENT
Office of the Secretary
Revision 1942
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15. 1934 AND TREASURY REGULATIONS THEREUNDER)

Form Approved

Budget Bureau N o . 48-R088-42

MONTHLY REPORT TO FEDERAL RESERVE BANK OF N EW YORK

rictly confidential

FOREIGN DEBIT AND CREDIT BALANCES

___________________________ _________ As O f...................................................................................................................................
Name of Reporting Broker, Dealer, etc.

Date

(Actual figures in thousands of dollars as of last business day of month)

FOREIGN
COUNTRIES (a )

)PE:

2

Total o f Debit Balances
in accounts of
"Foreigners” with us (b )

Total of Credit Balances
in accounts of
"Foreigners” with us (c )

millions

millions

thousands

¡ted Kingdom
nee
gium
nmark
iland
many
?ece
ly
xembourg
therlands
>r\v3y

mania
ain
eden
•itzerland
S. S. R.
igoslavia
her Europe
Total Europe
nada
IN AMERICA:
gentina
>Iivia
azil


die


3

1

.

thousands

4

Total o f Debit Balances,
as appearing on our books
in our accounts
carried by "Foreigners” (d )

Total o f Credit Balances,
as appearing on our books
in our accounts
carried by "Foreigners” (e )

millions

thousands

millions

thousands

I
-

Name of Reporting Broker, Dealer, etc.

Date

Foreign Exchange Form S-4
TREASURY DEPARTMENT
Office of the Secretary
Revision 1942

Form Approved
Budget Bureau No. 48-R088-42

Strictly Confidential
MONTHLY REPORT TO FEDERAL RESERVE BANK OF NEW YORK
(MADE PURSUANT TO EXECUTIVE ORDER OF JANUARY 15. 1934 AND TREASURY REGULATIONS THEREUNDER)




FOREIGN DEBIT AND CREDIT BALANCES

lombia
sta Rica
ba
?nch West Indies & Guiana
ixico
•therlands West Indies & Surinam
nama
ru
nezuela
her Latin America
Total Latin America
i:
lina
ench Indo-China
>ng Kong
•

dia, Burma, & Ceylon
itish Malaya
pan (incl. Korea) & Manchuria
;therlands East Indies
tilippine Islands
irkey
iier Asia
Total Asia
ER COUNTRIES:
istralia
w Zealand
;vpt & Anglo-Egyptian Sudan

»

ench Morocco
lion of South Africa
1 Other
Total — Other Countries
lidentified
Grand Total
BEFORE PREPARIN G TH IS REPORT PLEASE READ CAREFULLY THE FOOTNOTES AND DEFINITION ON REVERSE S ID E




Official Signature

Footnotes
(a ) The following United States territories and possessions are not to be regarded as "foreign countries" for the purposes o f this
report: Alaska^ American Samoa, the Canal Zone, Guam, Hawaii, Midway Island, Puerto Rico, Virgin Islands, and Wake Island.
The Philippine Islands, however, should be considered as "foreign” for the purpose of this report. Balances involving those
in outlying possessions o f a foreign country should not be combined with those of the parent country, but should be reported
under their own appropriate geographical areas. For example, balances involving those in Java should be reported under the
Netherlands East Indies instead o f under the Netherlands.
(b ) Report under this heading the total of money debit balances (including dollar equivalent, at current exchange rates, o f foreign
currency), as appearing on your books, in accounts o f "foreigners” with you.
(c ) Report under this heading the total o f money credit balances (including dollar equivalent, at current exchange rates, of foreign
currency), as appearing on your books, in accounts o f "foreigners” with you.
(d ) Report under this heading the total of money debit balances (including dollar equivalent, at current exchange rates, o f foreign
currency), as appearing on your books, in "your” accounts carried by "foreigners.”
(e ) Report under this heading the total of money credit balances (including dollar equivalent, at current exchange rates, of foreign
currency), as appearing on your books, in "your” accounts carried by "foreigners.”

Definition
"Foreigners”
For the purposes of this report, the term "foreigners” covers (1 ) all institutions and individuals, whatever their nationality,
who are domiciled outside the United States and ( 2 ) all those in the United States (except other reporting institutions) to
the extent that they are acting on behalf of, for the account of, or for the benefit of, institutions or individuals domiciled outside
the United States. Foreign branch offices o f American brokers and dealers should be regarded as "foreigners," precisely as if
they were separate foreign institutions. Conversely, United States branch offices o f foreign security dealers are domestic
institutions, since they are domiciled within the United States. Such branch offices in the United States, in making out this
report, should consider their head office and branches outside the United States as "foreigners.”
Reports made on this form by brokers and dealers should include the figures of their head office and o f all branches in
the United States.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102