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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

r

Circular No. 2 3 2 8 , December 10, 1941
Reference to Circulars Nos. 2262, 2269, 225
2271
I 2274, 2277, 2281, 2292, 2293, 2300, 2301, 2302
'274,
306, 2309, 2314, 2319, 2321, 2326 and 2327,

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 quote below the text of a telegram received today from the
Treasury Department:
The following general license has been issued today, December 9, 1941, pursuant to
Executive Order No. 8389, as amended, and the Regulations issued thereunder:
CODE OF FEDERAL REGULATIONS

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TREASURY DEPARTMENT

Title 31—Money and Finance: Treasury
r\ca
r,i c
Chapter I—Monetary Offices, Department of the Treasury
Umce ot the Secretary
Part 131—General Licenses under Executive Order No. 8389,
December 9, 1941
April 10, 1940, as amended, and Regulations issued
pursuant thereto.
Section 131.76
GENERAL LICENSE NO. 76 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 licensing any transaction which is prohibited by
the Order solely by reason of the fact that it involves property in which Thailand, or any
national thereof, has at any time prior to December 9, 1941, but not on or since December
9, 1941, had any interest.
This general license shall not be deemed to authorize any transaction, if (i) such
transaction is by, or on behalf of, or pursuant to the direction of Thailand, or any
national thereof, or (ii) such transaction involves property in which Thailand, or any
national thereof, has at any time on or since December 9, 1941, had any interest.
E. H. FOLEY, JR.

Acting Secretary of the Treasury.

* Part 131;—Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, and Ex. Order 8963,
December 9, 1941; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941.

Additional copies of this circular will be furnished upon request.
ALLAN SPROUL,

.




President.

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