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FEDERAL. RESERVE BANK
OF DALLAS

Dallas, Texas, December 12, 1941

IM PORTANT— H A S R E FER EN C E TO J A P A N

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
The Secretary of the Treasury has issued the following general license:
“ GENERAL LICENSE NO. 11-A UNDER EXECUTIVE ORDER NO. 8389
of April 10, 1940, as amended, and Regulations issued pursuant thereto,
relating to transactions in foreign exchange, etc.*
(1) A general license is hereby granted authorizing payments out of
the blocked account of any national of Japan in the continental United States
for the living and personal expenses of such national and his household;
provided that the total payments under this general license from all the
blocked accounts of any one national shall not exceed $100 in any one
calendar month.
(2) Banks, employers and other persons making any such payments
shall satisfy themselves, through affidavits or otherwise, that payments out
of blocked accounts for living expenses for any one national and his house­
hold do not exceed $100 in any one calendar month.
E. H. FOLEY, JR.
Acting Secretary of the Treasury”
December 11,1941
*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, and Ex. Order 8832,
July 26, 1941; Ex. Order 8963, December 9, 1941; Regulations, April 10, 1940, as
amended June 14, 1941, and July 26, 1941.

Yours very truly,
R. R. GILBERT
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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