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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, September 19, 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 ruling:
GENERAL RULING NO. 7 UNDER EXECUTIVE ORDER NO. 8389 of
April 10, 1940, as amended, and Regulations issued pursuant thereto, relat­
ing to transactions in foreign exchange, etc.
“ The provisions of General Ruling No. 5, as supplemented by
General Ruling No. 6, have been extended to securities or evi­
dences thereof coming from the Philippine Islands and the Panama
Canal Zone into any other part o f the United States.
D. W. BELL
Acting Secretary o f the Treasury”
September 18, 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)