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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, December 12, 1941

IM POR TANT— H A S R E FE R E N C E TO JA P A N

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
The Secretary of the Treasury has issued the following press statement relating to General
Licenses Nos. 11-A and 77:
“ The Treasury Department today announced regulations governing living expenses
and wages for Japanese nationals in the United States and regulations governing Japanese
nationals engaged in the production, marketing and distributing of food and agricultural
products within the United States.
“ Under General License No. 11-A any Japanese national in the continental United
States may receive up to $100 per month for living and personal expenses for him and his
family. This license permits such payments from either the national’s bank account or from
his employer in the form of wages. Banks and employers making such payments are
required to make certain that the Japanese national is not drawing more than $100 under
the license. Thus a Japanese national cannot draw $100 per month in the form of wages and
at the same time withdraw $100 per month from his bank accounts.
“ Under General License No. 77 Japanese nationals engaged in the business of pro­
ducing, marketing or distributing food or agricultural products may, with minor excep­
tions, engage in all transactions incident to the normal conduct of such business. However,
under the license a Japanese national cannot withdraw from his accounts during any one
week for such enterprises sums in excess of his average weekly withdrawals during the
last six months. Moreover, the license covers only Japanese nationals who were previously
licensed under General License No. 68. This action is intended to permit the orderly move­
ment of fresh vegetables and other food in areas such as the Pacific Coast in order to
supply the needs of our civilian population and military forces.
E. H. FOLEY, JR.
Acting Secretary of the Treasury”

Yours very truly,
R. R. GILBERT

President

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