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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, December 12, 1941 IM POR TANT— H A S R E FE R E N C E TO JA 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 press statement relating to General Licenses Nos. 11-A and 77: “ The Treasury Department today announced regulations governing living expenses and wages for Japanese nationals in the United States and regulations governing Japanese nationals engaged in the production, marketing and distributing of food and agricultural products within the United States. “ Under General License No. 11-A any Japanese national in the continental United States may receive up to $100 per month for living and personal expenses for him and his family. This license permits such payments from either the national’s bank account or from his employer in the form of wages. Banks and employers making such payments are required to make certain that the Japanese national is not drawing more than $100 under the license. Thus a Japanese national cannot draw $100 per month in the form of wages and at the same time withdraw $100 per month from his bank accounts. “ Under General License No. 77 Japanese nationals engaged in the business of pro ducing, marketing or distributing food or agricultural products may, with minor excep tions, engage in all transactions incident to the normal conduct of such business. However, under the license a Japanese national cannot withdraw from his accounts during any one week for such enterprises sums in excess of his average weekly withdrawals during the last six months. Moreover, the license covers only Japanese nationals who were previously licensed under General License No. 68. This action is intended to permit the orderly move ment of fresh vegetables and other food in areas such as the Pacific Coast in order to supply the needs of our civilian population and military forces. E. H. FOLEY, JR. Acting Secretary of the Treasury” 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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