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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.

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