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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, September 26, 1941

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
For your information we quote below from a telegram received from the
Treasury Department in connection with Executive Order No. 8389 of April
10, 1940, as amended, and Regulations issued pursuant thereto, relating to
transactions in foreign exchange, etc:
“ It is the view of the Treasury Department that a person who was
lawfully admitted to the United States as a non-quota immigrant under
section 4(c) of the Act of May 26, 1924, 43 Stat. 155, (U.S.C. Title 8,
Sec. 204(c) ), may be licensed as a generally licensed national under
General License No. 42, if all the conditions of General License No. 42
are complied with.”
Section 4(c) of the Act of May 26, 1924, defines “ non-quota immigrant” as
follows:
“ (c) An immigrant who was born in the Dominion of Canada, New­
foundland, the Republic of Mexico, the Republic of Cuba, the Republic
of Haiti, the Dominican Republic, the Canal Zone, or an independent
country of Central or South America, and his wife, and his unmarried
children under eighteen years of age, if accompanying or following to
join him.”

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)