The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular Xo. 2 5 8 3 . February 9, 1943 *I L Reference to Circulars Xos. 2573 and 2581. J FOREIGN FUNDS CONTROL To all Banking Institutions, and Others Concerned, in the Second Federal Beserve District: For your information we quote below from a telegram received from the Treasury Department: The following is the text of an amendment to General License No. 32 issued today: CODE OF F E D E R A L R E G U L A T I O N S Title 31—Money and Finance: Treasury 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 131.32 TREASURY DEPARTMENT Office of the Secretary February 9, 1943 GENERAL LICENSE NO. 32, A S A M E N D E D , U N D E R E X E C U T I V E ORDER NO. 8389, A S A M E N D E D , E X E C U T I V E O R D E R NO. 9193, SECT I O N S 3 ( a ) A N D 5 ( b ) OF T H E T R A D I N G W I T H T H E E N E M Y ACT, AS A M E N D E D BY T H E FIRST W A R P O W E R S ACT, 1941, R E L A T I N G T O FOREIGN FUNDS CONTROL.* General License No. 32 is hereby amended by the deletion of paragraph ( l ) ( a ) thereof and the substitution of the following paragraph in lieu thereof: " ( a ) Such remittances are made only for the necessary living expenses of the payee and his household and do not exceed $500 in any one calendar month to any one household; provided, however, that if the payee is within Portugal, Spain, Finland, Sweden, or Switzerland and such payee is a national of any blocked country other than Portugal, Spain, Finland, Sweden or Switzerland, the total of all remittances effected in any calendar month under this general license may not exceed $100 to such payee and his household, except that additional sums not exceeding $25 in any one calendar month may be remitted for each member of such payee's household in addition to the payee, provided that in no case shall a sum in excess of $200 per calendar month be remitted to any such payee and his household;" RANDOLPH PAUL Acting Secretary of the Treasury. * Part 131;—Sec. 5 ( b ) , 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Congress, 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8832, Julv 26, 1941, Ex. Order 8963, December 9, 1941, and 1941; Ex. Order 9193, July 6, 1942; Regulations, April 10, 1940, as amended Stat. 179; Public No. 354, 77th Ex. Order 8785, June 14, 1941, Ex. Order 8998, December 26, June 14, 1941, and July 26, 1941. Additional copies of this circular will be furnished upon request. ALLAN SPROUL, President.
@FedFRASER