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F E D E R A L RESER VE B A N K O F D A L L A S
FISC A L AGENT O F TH E U NITED STA TES

Dallas, Texas, February 21, 1942

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

This bank now has available for distribution Series K of Form TFR-300 to be used in
reporting the property of Philippine nationals. This census, which was announced in Public
Circular No. 11, issued on January 5, was necessitated by the Japanese invasion of the
Philippine Islands.
Reports are required from all persons in the United States holding property in which
a national of the Philippine Islands had an interest on either June 1, 1940, or January 1,
1942, or both. Property located in the Philippine Islands need not be reported. The reports
must be filed with the appropriate Federal Reserve bank on or before February 28, 1942.
Public Circular No. 4B, which is also available at this bank, contains complete direcĀ­
tions for preparing reports on Series K. The circular includes not only general instructions
to all persons reporting on the series, but also additional instructions for certain groups of
persons holding specified kinds of property.
Reports need not be made with respect to property of persons entitled to the benefits
of General License No. 80, General License No. 81, or General License No. 82, nor is a
report required if the total value of the property of a national otherwise reportable by a
particular person was less than $1,000. General License No. 80 exempts the property of
nationals of the Philippine Islands residing in the United States. General License No. 81
relates to certain banking institutions. Under General License No. 82, no report need be
filed respecting property of the Philippine Government or its subdivisions, the United
States High Commissioner to the Philippine Islands, or any officer of the United States in
the Philippines.
In addition, no report is required concerning the property of citizens of the United
States who are nationals of the Philippine Islands solely because of residence there as
representatives, agents, or employees of the United States, or as members of the armed
forces of this country, nor need reports be made of property belonging to the family of
any such person.
Since each report must be filed in quadruplicate and the person filing the report should
retain a copy for his files, five copies of the form should be obtained for each report. All
requests for Form TFR-300, Series K, and Public Circular No. 4B should be addressed to
Foreign Funds Control Department, Federal Reserve Bank of Dallas, Station K, and should
indicate the number of copies desired, and the name of the person to whom forms should
be sent.
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)


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