View PDF

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.

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