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Treasury Department FOREIGN FUNDS CONTROL March 17, 1945 GENERAL LICENSE NO. 74, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, SECTION 5(b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELATING TO FOREIGN FUNDS CONTROL.* General License No. 74 is hereby amended to read as follows: (1) Payments from accounts of certain United States citizens authorized. A gen eral license is hereby granted authorizing all payments, transfers and withdrawals from blocked accounts in the United States in the name of, or in which the beneficial interest is held by, any citizen of the United States who is within any foreign country and who is a national of a blocked country solely by reason of having established residence in a blocked country subsequent to December 1, 1944. (2) Limited payments from accounts of other United States citizens authorized. This general license also authorizes payments and transfers of credits from blocked accounts in the United States for the necessary personal expenses in the United States of any citizen of the United States who is within any foreign country and who is not entitled to the benefits of paragraph (1) hereof, and for the personal expenses in the United States of the family of such citizen, provided that the following terms and con ditions are complied with: (a) Such payments and transfers are made only from blocked accounts in the name of, or in which the beneficial interest is held by, such citizen or his family. (b) The total of all such payments and transfers made under this general , license does not exceed $500 in any one calendar month for any such citi zen or his family. *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; Regulations, April 10, 1940, as amended June 14, 1941, and July26, 1941. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) (3) Certain transactions not authorized. This general license shall not be deemed to authorize any remittance to any blocked country or any other payment, transfer, or withdrawal which could not be effected without a license if such citizen were within the United States. (4) Duty of persons acting under this license. Persons effecting any such payment, transfer, or withdrawal shall satisfy themselves that the terms of this license are com plied with. HERBERT E. GASTON Acting Secretary of the Treasury
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