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FEDERAL RESERVE BANK OF NEW YORK Executive Order No. 8389, 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 are advised by the Treasury Department that it has received an inquiry as to whether a national of Japan is entitled to the privileges of General License No. 68 if such national has been within any blocked country since June 17, 1940. In response the Treasury Department has stated that nationals of Japan are not entitled to the privileges of General License No. 68 under the above circumstances. Additional copies of this circular will be furnished upon request. ALLAN SPROUL, President.