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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, October 11,1940 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary of the Treasury has issued the following general license (Code of Federal Regulations, Title 31, Money and Finance, Treasury, Chapter 1, Monetary Offices, Part 164): GENERAL LICENSE NO. 34 UNDER EXECUTIVE ORDER NO. 8389 of April 10, 1940, as amended, and Regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.* “ General Licenses Nos. 1, 2, 4, 5, 9, 11 and 12, as amended, issued under Execu tive Order No. 8389 o f April 10, 1940, as amended, are hereby further amended so that as of the date hereof there shall be substituted for the words ‘Norway, Denmark, The Netherlands, Belgium, Luxembourg, France, Latvia, Estonia or Lithuania/ wherever they appear in such General Licenses, the words ‘any of the foreign coun tries designated in Executive Order No. 8389 of April 10, 1940, as amended.’ “ General License No. 12, as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, is hereby further amended by substituting the follow ing for subdivision (2) thereof: (2) In the event that any money or evidences of indebtedness or evidences of ownership of property are to be removed from such box, such access shall be permitted only in the presence of an authorized representative o f a bank ing institution within the United States, which may be the lessor o f such box, which receives into its custody immediately upon removal from such box the money or evidences of indebtedness or evidences of ownership of property removed from such box and which holds the same subject to the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, for the account of the lessee o f such box and subject to the property interests therein as of the respective dates specified in such Order, as amended, of the foreign countries designated in such Order, as amended, or any national th ereof; D. W. BELL Acting Secretary of the Treasury” October 10, 1940 *P a r t 164— Sec. 5 ( b ) , 40 S tat. 415 and 9 6 6 ; Sec. 2 , 4 8 S ta t. 1 ; Public R esolution N o . 69, 76th C o n g re ss; 12 U .S .C . 9 5 A ; E x . O rder 6560, Jan. 15, 1 9 3 4 ; E x . O rder 8389, A p r il 10, 1 9 4 0 ; E x . O rder 8405, M a y 10, 1 9 4 0 ; E x . O rder 8446, June 17, 1 9 4 0 ; E x . O rder 8484, J u ly 15, 1 9 4 0 ; E x . O rder 849 3 , J u ly 2 5, 1 9 4 0 ; E x . O rder 8565, O ctober 1 0, 1 9 4 0 ; R e g u la tio n s, A p r il 10, 1940, a s am ended M a y 10, 1940, June 17, 1940, July 15, 194 0 , and October 10, 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)
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