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TREASURY DEPARTMENT Foreign Funds Control April 22, 1944 PUBLIC CIRCULAR NO. 7B UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, SECTIONS 3 (a) AND 5 (b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELATING TO FOREIGN FUNDS CONTROL.* Remittances to Switzerland under General License No. 32 (1) Reference is made to General License No. 32 relating to remittances for necessary living expenses. (2) Notwithstanding the provisions of paragraph (1) (c) of General License No. 32, any remittance pursuant to such general license to a payee within Switzerland may be effected only by the payment of the dollar amount of the remittance to a domestic bank for credit to a blocked account in the name of a banking institution within Switzer land. JOHN L. SULLIVAN Acting Secretary of the Treasury ♦ Appendix B— Sec. 3 (a), 40 Stat. 412; Sec. 5 (b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order 8389, A p ril 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, Ju ly 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Ex. Order 9193, July 6, 1942; Regulations, A p ril 10, 1940, as amended June 14, 1941 and July 26, 1941. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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