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FEDERAL RESERVE BANK OF DALLAS
F I S C A L A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, August 3, 1942

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:

The following is the text of Public Interpretation No. 5 issued by the
Treasury Department:
“PUBLIC INTERPRETATION NO. 5 UNDER EXECUTIVE ORDER NO.
8389 of April 10,1940, as amended, and regulations issued pursuant thereto,
relative to foreign funds control.
SUBJECT: Application of General Ruling No. 11 to imports or exports
insured with companies which are enemy nationals or through agents
who are enemy nationals.
Inquiry has been made whether General Ruling No. 11 applies to imports
or exports insured by insurance companies which are enemy nationals or
through agents who are enemy nationals.
No Treasury license or other authorization, unless expressly referring
to General Ruling No. 11 in respect to such insurance, is deemed to au­
thorize any import (including any C. I. F. import) or export which is insured
by an insurance company which is an enemy national or through an agent
who is an enemy national, as defined in General Ruling No. 11.
J. W. PEHLE
Assistant to the Secretary of the Treasury”
Yours very truly,
R. R. GILBERT
President

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This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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