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Federal

reserve

Bank

DALLAS, T E X AS

of

Dallas

75222

Circular No. 79-211
December 24, 1979

PAYMENT OF CERTAIN CHECKS, DRAFTS AND ORDERS
ISSUED OR DRAWN BY BANK MELLI, NEW YORK AGENCY

TO ALL BANKS
AND OTHERS CONCERNED IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
We have been informed and requested to notify D istrict banks that the
Office of Foreign Assets Control has licensed the New York Agency of Bank Mel I i
Iran to pay checks, drafts and payment orders issued against or drawn by it on
accounts of the New York Agency at the banks listed below (License 1R-119) .
These accounts have been established with funds recently transferred into the
U . S . from foreign banks under T reasu ry authorization.
The T reasu ry has prohibited attachments of these accounts. We have
been informed by the Treasury that banks may pay, or accept for collection,
checks, drafts, and orders dated p rio r to or after November 14, 1979 in favor
of individuals in the United States in amounts of $50,000 or less and forward
them through the clearing system to the following paying banks:
Manufacturers Hanover Tru st Company
Morgan Guaranty T ru s t Company
Bank of America (NY)
Irving T ru s t Company
M arine Midland Bank
Citibank
Sincerely yours,
Robert H. Boykin
First Vice President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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