Full text of District Notices (Federal Reserve Bank of Dallas) : [General Ruling No. 9 Under Executive Order No. 8389]

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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, July 23, 1941

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
The Secretary of the Treasury has issued the following gen­
eral ruling:
“ GENERAL RULING NO. 9 UNDER EXECUTIVE ORDER
NO. 8389 of April 10,1940, as amended, and Regulations issued
pursuant thereto, relating to transactions in foreign exchange,
etc.
Inquiry has been made as to whether a person within
Tangiers may engage in transactions pursuant to Gen­
eral License No. 52 relating to Spain.
General License No. 52 does not permit such transac­
tions and, accordingly, any such transactions which are
not authorized by a general license other than General
License No. 52 may only be effected pursuant to a spe­
cific license.
E. H. FOLEY, JR.
Acting Secretary of the Treasury”
July 23, 1941
Yours very truly,

R. R. GILBERT
President

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