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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, August 15, 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 of Federal Regulations, Title 31, Money and Finance, Treasury, Chapter 1, Monetary Offices, Part 160): GENERAL LICENSE NO. 30 UNDER EXECUTIVE ORDER NO. 8389 of April 10, 1940, as amended, and Regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.* “ A general license is hereby granted authorizing any bank or trust company incorporated under the laws of the United States or of any state, territory or district of the United States, or any private bank subject to supervision and ex amination under the banking laws of any state of the United States, acting as trustee of any trust administered in the United States or as legal representative of any estate administered in the United States, in which trust or estate one or more persons who are nationals of one of the foreign countries designated in Executive Order No. 8389, as amended, have an interest, beneficial or otherwise, or are co-trustees or co-representatives, to engage in the following transactions: (a) Payments of distributive shares of principal or income to all persons legally entitled thereto who are not nationals of any of the foreign countries designated in such Executive Order, as amended; and (b) Other transactions arising in the administration of such trust or estate which might be engaged in if no national of any o f the foreign countries designated in such Executive Order, as amended, were a bene ficiary, co-trustee or co-representative of such trust or estate; provided, however, that this general license shall not be deemed to authorize such trustee or legal representative to engage in any transaction at the request, or upon the instructions, of any beneficiary, co-trustee or co representative of such trust or estate or other person who is a national of any o f the foreign countries designated in such Executive Order, as amended. HERBERT E. GASTON Acting Secretary of the Treasury” August 14, 1940 *P a r t 160— Sec. 5 ( b ) , 40 S ta t. 4 15 and U .S .C . 9 5 a ; E x . O rder 6560, Jan. 15, 1 9 4 0 ; E x . O rder 8446, June 17, 1 9 4 0 ; ulation s, A p r il 10, 1940, as am ended 9 6 6 ; Sec. 2 , 48 S ta t. 1 ; Public R esolution N o . 6 9, 76th C o n g re ss; 12 1 9 3 4 ; E x . O rder 8 3 8 9 , A p r il 10, 1 9 4 0 ; E x . O rder 8405, M a y 10, E x . Order 8484, J u ly 15, 1 9 4 0 ; E x . O rder 8493, J u ly 25, 1 9 4 0 ; R e g M a y 10, 1940, June 17, 1940, and J u ly 15, 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