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FEDERAL RESERVE BANK
OF NEW YORK
Circular No. 2 2 4 6 , July 23, 1941
~|
Reference to Circulars Nos. 2129, 2131, 2132, 2144, 2171, 2182, 2183,
2185, 2187, 2188, 2194, 2195, 2207, 2208, 2216, 2219, 2221, 2222,
2223, 2226, 2229, 2232, 2233, 2238, 2241, 2242, 2244 and 2245. J

Executive Order No. 8389, as Amended, and Regulations Issued Pursuant Thereto,
Relating to Transactions in Foreign Exchange, Etc.

To all Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

For your information we quote below the text of a telegram received today from the
Treasury Department:
The following is the text of General Ruling No. 9, issued today pursuant to Executive Order
No. 8389, as amended:
TREASURY DEPARTMENT
Office of the Secretary
July 23, 1941.
GENERAL RULING NO. 9 UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.

Inquiry has been made as to whether a person within Tangiers may engage in transactions pursuant to General License No. 52 relating to Spain.
General License No. 52 does not permit such transactions and, accordingly, any such
transactions which are not authorized by a general license other than General License
No. 52 may only be effected pursuant to a specific license.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.

Attention is directed to the fact that Tangier assets are blocked.
Additional copies of this circular will be furnished upon request.




ALLAN SPROUL,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102