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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, December 12, 1941 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary of the Treasury has issued the following amendment to General License No. 2, as amended: “ GENERAL LICENSE NO. 2, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389 of April 10, 1940, as amended, and Regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.* General License No. 2 is hereby amended in the following respects: (a) Paragraph (2) thereof is deleted; (b) The following sentence is substituted for the sentence deleted by paragraph (a) of this amendment: ‘ (2) Any banking institution within the United States which dur ing any quarterly period enters any single item, in excess of $50 to any account under the authority of this general license shall file with the appropriate Federal Reserve bank at the end of such quarterly period a report showing the name of such account and the nature and amount of each item in excess of $50 entered to such account under the authority of this general license during such quarterly period.’ E. H. FOLEY, JR. Acting Secretary of the Treasury” December 11,1941 *Part 131— Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, and Ex. Order 8963, December 9, 1941; Regulations, April 10, 1940, as amended, June 14, 1941, and July 26, 1941. 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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