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Treasury Department FOREIGN FUNDS CONTROL July 24, 1945 REVOCATION OF PUBLIC CIRCULAR NO. 7B UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, AS AMENDED, SECTIONS 3(a) AND 5(b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELAT ING TO FOREIGN FUNDS CONTROL.* Public Circular No. 7B, issued April 22, 1944, is hereby revoked. HERBERT E. GASTON Acting Secretary of the Treasury *Appendix B;— Sec. 3 (a ), 40 Stat. 412; Sec. 5 (b ), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963, Dec. 9, 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, July 6, 1942, as amended by Ex. Order 9567, June 8, 1945; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941. 45-40 This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Treasury Department FOREIGN FUNDS CONTROL July 24, 1945 GENERAL LICENSE NO. 32, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, AS AMENDED, SECTION 5(b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELATING TO FOR EIGN FUNDS CONTROL.* General License No. 32 is hereby amended to read as follows: (1) Certain remittances for living expenses authorized. A general license is hereby granted authorizing remittances by any person through any domestic bank to any indi vidual who is a national of a blocked country and who is within any foreign country, and any domestic bank is authorized to effect such remittances, provided the following terms and conditions are complied with: (a) Such remittances are made only for the necessary living expenses of the payee and his household and do not exceed $1,000 in any one calendar month to any one household; provided, however, that if the payee is within Portugal, Spain, Sweden, Switzerland or Tangier and such payee is a national of Germany, Italy, Japan, Bulgaria, Hungary or Rumania, the total of all remittances effected in any calendar month under this general license may not exceed $100 to such payee and his household, except that additional sums not exceeding $25 in any one calendar month may be remitted for each member of such payee’s household in addition to the payee, provided that in no case shall a sum in excess of $200 per calendar month be remitted to any such payee and his household; (b) Such remittances are not made from a blocked account other than from an account in a banking institution within the United States in the name of, or in which the beneficial interest is held by, the payee or members of his household; (c) If the payee is within any blocked country, the remittance may be effected only: (i) By the payment of the dollar amount of the remittance to a domestic bank for credit to a blocked account in the name of a banking institu tion within such country; or (ii) By the acquisition of foreign exchange from a person in the United States having a license specifically authorizing the sale of such exchange, provided, however, that if the payee is within Switzerland, such remittance may be effected only in accordance with the terms of paragraph (1) (c) (i) hereof. *Part 131;— Sec. 5 (b ), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963, Dec. 9, 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, July 6, 1942, as amended by Ex. Order 9567, June 8, 1945; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941. 45-38 (d) If the payee is within any foreign country other than a blocked country the remittance may be effected in the same manner that such remittance would be effected if the payee were not a national of a blocked country. (2) Duty of persons and domestic banks acting under this license. All persons mak ing such remittances and all domestic banks effecting such remittances shall satisfy themselves that the foregoing terms and conditions are complied with. (3) Reports by domestic banks effecting remittances. Domestic banks through which any such remittances originate shall execute promptly Section A of Form TFR132 with respect to each such remittance. When so executed, such form shall be for warded promptly to the domestic bank ultimately transmitting abroad (by cable or otherwise) the payment instructions for such remittance and the latter bank shall sub mit monthly to the appropriate Federal Reserve Bank a report on Form TFER-1, in duplicate, stating the number of remittances which were transmitted abroad during the preceding calendar month and the total dollar amount of such remittances. In cases where the domestic bank through which any such remittances originate is also the bank ultimately transmitting abroad the payment instructions for such remittances, such bank shall merely include the number and total dollar amount of such remittances in its monthly report on Form TFER-1. All information required by this paragraph to be reported on Form TFER-1 shall be stated separately for each country to which remit tances are effected. (4) Definition. As used in this general license the term “household” shall mean: (a) Those individuals sharing a common dwelling as a family; or (b) Any individual not sharing a common dwelling with others as a family. HERBERT E. GASTON Acting Secretary of the Treasury Treasury Department FOREIGN FUNDS CONTROL July 24, 1945 GENERAL LICENSE NO. 32A, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, AS AMENDED, SECTION 5(b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELATING TO FOR EIGN FUNDS CONTROL.* General License No. 32A is hereby amended to read as follows: (1) Certain remittances to Italy for living expenses authorized. A general license is hereby granted authorizing remittances by any person through any domestic bank to any individual within Italy, and any domestic bank is authorized to effect such remit tances, provided the following terms and conditions are complied with: (a) Such remittances are made only for the necessary living expenses of the payee and his household and do not exceed $1,000 in any one calendar month to any one household; (b) Such remittances are not made from (i) a blocked account in which any citizen or subject of a country named in paragraph 4(b) (i) of General Ruling No. 11 has any interest, or (ii) any other blocked account except an account in a banking institution within the United States in the name of, or in which the beneficial interest is held by, the payee or a member of his household; and (c) Such remittances are effected only by the payment of the dollar amount of the remittance to a domestic bank for credit to a post-liberation blocked account in the name of the head office of a banking institution in Italy. (2) Duty of persons and domestic banks acting under this license. All persons mak ing such remittances and all domestic banks effecting such remittances shall satisfy themselves that the foregoing terms and conditions are complied with. (3) Reports by domestic banks effecting remittances. Domestic banks through which any such remittances originate shall execute promptly Section A of Form TFR132 with respect to each such remittance. When so executed, such form shall be for- *Part 131;— Sec. 5 (b ), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963, Dec. 9, 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, July 6, 1942, as amended by Ex. Order 9567, June 8, 1945; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941. 45-41 warded promptly to the domestic bank ultimately transmitting abroad (by cable or otherwise) the payment instructions for such remittance and the latter bank shall sub mit monthly to the appropriate Federal Reserve Bank a report on Form TFER-1, in duplicate, stating the number of remittances which were transmitted abroad during the preceding calendar month and the total dollar amount of such remittances. In cases where the domestic bank through which any such remittances originate is also the bank ultimately transmitting abroad the payment instructions for such remittances, such bank shall merely include the number and total dollar amount of such remittances in its monthly report on Form TFER-1. (4) Reports by domestic banks maintaining post-liberation blocked accounts. Domestic banks maintaining post-liberation blocked accounts pursuant to this general license shall report promptly the establishment of such accounts, and the balances therein at the end of each calendar month, to the appropriate Federal Reserve Bank. (5) Refunds. Domestic banks are authorized to refund the amount of any remit tance ordered pursuant to this general license when such domestic banks are advised that such remittance cannot be effected. (6) Waiver of General Ruling No. 5A. Domestic banks are authorized, notwith standing General Ruling No. 5A, to send to and receive from the head offices of bank ing institutions within Italy non-negotiable bank payment orders covering remittances or refunds authorized herein. (7) Definitions. As used in this general license: (a) The term “ household” shall mean: (i) those individuals sharing a common dwelling as a family; or (ii) any individual not sharing a common dwelling with others as a family. (b) The term “ post-liberation blocked account” shall mean a blocked account: (i) which is established pursuant to this license or any other license or other authorization expressly referring to a post-liberation blocked account; (ii) to which funds may be credited only pursuant to this license or any other license or other authorization expressly referring to a post liberation blocked account; and (iii) with respect to which payments, transfers, or withdrawals or other dealings may not be made or effected except pursuant to this license or any other license or other authorization expressly referring to a post-liberation blocked account. HERBERT E. GASTON Acting Secretary of the Treasury Treasury Department FOREIGN FUNDS CONTROL July 24, 1945 GENERAL LICENSE NO. 33, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, AS AMENDED, SECTION 5(b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELATING TO FOR EIGN FUNDS CONTROL.* General License No. 33 is hereby amended to read as follows: (1) Certain remittances to United States citizens in foreign countries authorized. A general license is hereby granted authorizing remittances by any person through any domestic bank to any individual who is a citizen of the United States within any foreign country and any domestic bank is authorized to effect such remittances, provided the following terms and conditions are complied w ith: (a) Such remittances do not exceed $1,000 in any one calendar month to any payee and his household and are made only for the necessary living and traveling expenses of the payee and his household, except that an addi tional sum not exceeding $1,000 may be remitted once to such payee if such sum will be used for the purpose of enabling the payee or his house hold to return to the United States; (b) Such remittances are not made from a blocked account other than from an account in a banking institution within the United States in the name of, or in which the beneficial interest is held by, the payee or members of his household. (2) Methods of effecting remittances. Remittances herein authorized shall be effected pursuant to the terms and conditions of (c) or (d), as the case may be, under (1) of General License No. 32. If remittances cannot be effected pursuant to (c) under (1) of General License No. 32, domestic banks are authorized to effect such remittances in any of the following three ways : (a) By establishing or maintaining free dollar accounts; (b) By payment of the dollar amount of the remittance to a domestic bank for credit to a blocked account in the name of a banking institution within any blocked country; or (c) By payment of the dollar amount of the remittance to a domestic bank for credit to the dollar account of a banking institution which is not a national of any blocked country. (3) Duty of persons and domestic banks acting under this license. All persons mak ing such remittances and all domestic banks effecting such remittances shall satisfy themselves that the foregoing terms and conditions are complied with. (4) Reports by domestic banks effecting remittances. With respect to each remit tance made pursuant to this general license, reports shall be executed and filed in the manner and form and under the conditions prescribed in General License No. 32. (5) Definition. As used in this general license the term “household” shall be deemed to have the meaning prescribed in General License No. 32. HERBERT E. GASTON Acting Secretary of the Treasury *Part 131;— Sec. 5 (b ), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,1941, Ex. Order 8963, Dec. 9, 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, July 6, 1942, as amended by Ex. Order 9567, June 8, 1945; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941.
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