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FEDERAL RESERVE BANK
OF NEW YORK
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L

Circular No. 2 2 0 8 , April 28, 1941
"I
Reference to Circulars Nos. 2129, 2131, 2132, 2144, 2171,
2182, 2183, 2185, 2187, 2188, 2194, 2195 and 2207.
J

Executive Order No. 8389, April 10, 1940, as Amended, and Regulations
Issued Pursuant Thereto, Relating to Transactions
in Foreign Exchange, Etc.
To all Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

For your information we quote below the text of a telegram received today from the
Treasury Department:
CODE OF FEDERAL REGULATIONS
Title 31—Money and Finance: Treasury
Chapter I—Monetary Offices, Department of the Treasury
Part 170

TREASURY DEPARTMENT
Office of the Secretary

GENERAL LICENSE NO. 40 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*

(1) A general license is hereby granted licensing the Bank of Athens Trust Company
and the Hellenic Bank Trust Company as generally licensed nationals.
(2) As used in this general license:
Any person licensed as a "generally licensed national" shall, while so licensed, be
regarded as a person within the United States who is not a national of any foreign
country designated in the Order; provided, however, that the foregoing shall not be
deemed to suspend in any way the requirements of the Order and Regulations relating
to reports, and the production of books, documents, records, etc. (See sections 10 and
14 of the Order and section 130.4 of the Regulations).
D. W. BELL

Acting Secretary of the Treasury

April 28, 1941

*Part 170;—Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Congress; 12 U. S. C. 95a; Ex. Order 6560, Jan. 15, 1934; Ex. Order 8389, April 10, 1940; Ex. Order 8405,
May 10, 1940; Ex. Order 8446, June 17, 1940; Ex. Order 8484, July 15, 1940; Ex. Order 8493, July 25,
1940; Ex. Order 8565, October 10, 1940; Ex. Order 8701, March 4, 1941; Ex. Order 8711, March 13, 1941;
Ex. Order 8721, March 24, 1941; Ex. Order 8746, April 28, 1941; Regulations, April 10, 1940, as amended
May 10, 1940, June 17, 1940, July 15, 1940, October 10, 1940, March 4, 1941, March 13, 1941, March 24,
1941, and April 28, 1941.




CODE OF FEDERAL REGULATIONS
Title 31—Money and Finance: Treasury
Chapter I—Monetary Offices, Department of the Treasury
Part 171

TREASURY DEPARTMENT
Office of the Secretary

GENERAL LICENSE NO. 41 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*

A general license is hereby granted authorizing banking institutions within the United
States to make payments from accounts in which Greece 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 of checks and drafts drawn or issued prior to
April 28, 1941, and to accept and pay and debit to such accounts drafts drawn prior to
April 28, 1941, under letters of credit; provided, that each banking institution making
any payment or debit authorized by this general license shall file promptly with the
appropriate Federal Reserve Bank weekly reports showing the details of such transactions. This license shall expire at the close of business on May 28, 1941.
D. W. BELL

Acting Secretary of the Treasury

April 28, 1941.
* Part 171;—Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Congress; 12 U. S. C. 95a; Ex. Order 6560, Jan. 15, 1934; Ex. Order 8389, April 10, 1940; Ex. Order 8405,
May 10, 1940; Ex. Order 8446, June 17, 1940; Ex. Order 8484, July 15, 1940; Ex. Order 8493, July 25,
1940; Ex. Order 8565, October 10, 1940; Ex. Order 8701, March 4, 1941; Ex. Order 8711, March 13, 1941;
Ex. Order 8721, March 24, 1941; Ex. Order 8746, April 28, 1941; Regulations, April 10, 1940, as amended
May 10, 1940, June 17, 1940, July 15, 1940, October 10, 1940, March 4, 1941, March 13, 1941, March 24,
1941, and April 28, 1941.

Additional copies of this circular will be furnished upon request.




AXJLAN SPROTJL,

President.

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