View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BANK OF DALLAS
F IS C A L A G E N T O F TH E U N ITED ST A T E S

Dallas, Texas, November 6, 1942

To All Member and Nonmember Banks in the
Eleventh Federal Reserve District:
Attention is directed to Public Interpretation No. 6. Inquiry has been
made as to whether a banking institution in the United States may, under
General License No. 52 for example, pay a check drawn on such banking
institution if the check is certified under such general license in cases in
which it appears that such check was sent out of the United States subseĀ­
quent to August 31, 1942, and it is not established that a specific Foreign
Funds Control license was issued authorizing the sending of such check
out of the United States.
The Treasury Department has ruled that the payment of such a check
would not be authorized under General License No. 52 or under any other
general license.
Yours very truly,
R. R. GILBERT
President

ICTORY
BUY
U N IT E O
STATES

WAR
BONDS
AND

STAMPS

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

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