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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)