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FEDERAL RESERVE BANK OF NEW YORK r Circular No. 2 2 7 1 , September 9, 1941 "1 LReference to Circulars Nos. 2262 and 2269. 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: General License No. 28, issued under Executive Order No. 8389, as amended, has been amended as follows: CODE OF FEDERAL REGULATIONS Title 31—Money and Finance: Treasury TREASURY DEPARTMENT Office of the Secretary Chapter I—Monetary Offices, Department of the Treasury Part 131—General Licenses under Executive Order No. 8389, April 10, 1940, as amended, and Regulations issued pursuant thereto. Section 131.28 9 + h Q 104.1 Septemoer y, iy<U. GENERAL LICENSE NO. 28, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.* General License No. 28 is hereby amended to read as follows: (1) A general license is hereby granted licensing as a generally licensed national any individual who is: (a) a citizen of the United States and residing only in the United States; and (b) a national of any foreign country solely by reason of having been domiciled or resident therein on or since the effective date of the Order; provided, however, that this license shall not be deemed to license as a generally licensed national any individual citizen of the United States who is a national of a foreign country by reason of any fact other than that such individual has been domiciled or resident in such foreign country on or since such effective date. (2) Reports on Form TFR-300 are not required to befiledwith respect to the property interests of any individuals licensed herein as generally licensed nationals. (3) This general license shall not be deemed to affect securities or evidences thereof delivered, or required to be delivered, to a Federal Reserve Bank under the provisions of General Ruling No. 5, as supplemented, or to authorize any transaction with respect to any such securities or evidences thereof or the proceeds thereof. E. H. FOLEY, JR. Acting Secretary of the Treasury. * Part 131;—Sec. 5(b), 40 Stat. 415 and 966; Sec 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941. Additional copies of this circular will be furnished upon request. ALLAN SPROUL, President.
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