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F E D E R A L R E S E R V E BANK O F N E W YORK Fiscal Agent of the United States r Circular No. 2 5 5 4 , November 27, 1942 "1 L Reference to Circulars Nos. 2552 and 2553. J FOREIGN FUNDS CONTROL To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: For your information we quote below from a telegram received from the Treasury Department: T h e following is text of Public Interpretation No. 9 : TREASURY DEPARTMENT Foreign Funds Control November 27, 1942 P U B L I C I N T E R P R E T A T I O N NO. 9 U N D E R E X E C U T I V E O R D E R NO. 8389, A P R I L 10, 1940, AS A M E N D E D , A N D R E G U L A TIONS ISSUED PURSUANT THERETO, RELATING TO FOREIGN FUNDS CONTROL Inquiry has been made as to whether Monaco is "enemy territory" within the meaning of General Ruling No. 11, as amended. T h e T r e a s u r y Department has replied in the affirmative. J. W . PEHLE, Assistant to the Secretary. Additional copies of this circular will be furnished upon request. Allan Sproul, President.