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FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 2113, August 23, 1940
Reference to Circulars Nos. 2053, 2057,
2073, 2074, 2081, 2099 and 2109.

Executive Order No. 8389, April 10, 1940, as Amended, and Regulations
Issued Pursuant Thereto, Relating to Transactions
in Foreign Exchange, Etc.

To Banks and Trust Companies
in the Second Federal Reserve

District:

The Treasury Department has requested us to advise all interested banks and trust
companies in the Second Federal Eeserve District that payments in connection with the
distribution of decedents' estates to nationals of any of the foreign countries designated in
Executive Order No. 8389 of April 10, 1940, as amended, pursuant to General License No. 1,
as amended, may be made into accounts in banking institutions in the United States in the
names of the nationals to whom such payments are due. This information may be freely released
to all interested persons.
General License No. 1, as amended, reads as follows:
A general license is hereby granted authorizing payments and transfers of credit to
accounts in banking institutions within the United States in which Norway, Denmark,
the Netherlands, Belgium, Luxembourg, France, Latvia, Estonia or Lithuania, or a national
thereof has a property interest within the meaning of the Executive Order of April 10, 1940,
as amended, and the Regulations issued thereunder; provided that the payments or transfers of credit are not made from accounts in which Norway, Denmark, the Netherlands,
Belgium, Luxembourg, France, Latvia, Estonia or Lithuania or a national thereof has a
property interest within the meaning of such Order and Regulations.

Additional copies of this circular will be furnished upon request.




GEORGE L.

HARRISON,

President.

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