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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, March 4, 1941

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
T h ere is q uoted below te x t o f E x e cu tiv e O rder N o. 8701 o f M arch 4,
1941, am en din g E x ecu tiv e O rd er N o. 8389 o f A p ril 10, 1940, as am ended,
reg u la tin g tran saction s in fo r e ig n exch an ge, tra n sfe rs o f cred it, and th e
e x p o rt o f coin and cu r re n c y :

EXECUTIVE ORDER NO. 8701
“ B y virtu e o f th e a u th o rity vested in m e b y Section 5 (b ) o f the
A c t o f O ctob er 6, 1917 (40 Stat. 4 1 1 ), as am ended, and b y virtu e o f
all oth er a u th ority vested in me, I, F R A N K L IN D. R O O S E V E L T ,
P R E S ID E N T O F T H E U N IT E D S T A T E S OF A M E R IC A , do h ereb y
am end E x ecu tiv e O rder N o. 8389 o f A p ril 10, 1940, as am ended, so
as to exten d all th e p rovision s th e r e o f to, and w ith resp ect to, p ro p ­
e rty in w h ich B u lgaria, o r any national th e re o f, has at a ny tim e on
o r since M arch 4, 1941, had any in terest o f an y n ature w h a tsoever,
d ire ct or in d ire ct; ex cep t th at, in defin in g ‘ B u lga ria ’ and ‘n ation al’
o f B u lga ria the date ‘M arch 4, 1941’ shall be su bstitu ted f o r th e
dates a pp earin g in th e definitions o f cou n tries and n ationals th e re o f.
T H E W H IT E H O U S E
M a rch 4, 1941

F R A N K L IN D. R O O S E V E L T ”

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)