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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, June 18, 1940 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary o f the Treasury has issued the following general license (Code o f Federal Regulations, Title 31, Money and Finance, Treasury Chapter 1, Monetary Offices, Part 147): GENERAL LICENSE NO. 17 UNDER EXECUTIVE ORDER NO. 8389 o f April 10, 1940, as amended, and Regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.* “ A general license is hereby granted authorizing banking in stitutions within the United States to make payments from accounts in which France, or a national thereof, has a property interest within the meaning of the Executive Order o f April 10, 1940, as amended, and the regulations issued thereunder, o f checks and drafts drawn or issued prior to June 17, 1940, and to accept and pay and debit to such accounts drafts drawn prior to June 17, 1940, under letters o f credit; provided, that each banking institu tion making any payment or debit authorized by this general license shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details o f such transactions. D. W. BELL Acting Secretary of the Treasury” June 17, 1940 *P art 147— Sec. 5 (b ), 40 Stat. 415 and 966; Sec 2, 48 Stat. 1; Public Resolution N o. 69, 76th C ongress; 12 U. S. C. 95a; E x. Order 6560, Jan. 15, 1934; E x. Order 8389, A pril 10, 1940; Ex. Order 8405, M ay 10, 1940; E x. Order 8446, June 17, 1940; R egulations, A p ril 10, 1940, as amended M ay 10, 1940, and June 17, 1940. 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)
@FedFRASER