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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal A g e n t of the United States
f Circular No. 2 6 9 9 , September 28, 1943 "1
LReference to Circulars Nos. 2688 and 2698. J

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

For your information we quote below the text of General License No. 13, as amended, dated
September 28, 1943, and the text of a press statement released by the Treasury Department
for publication on September 28, 1943.
TREASURY DEPARTMENT
Foreign Funds Control
September 28, 1943
GENERAL LICENSE NO. 13, AS AMENDED,
UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193,
SECTION 5(b) OF T H E TRADING W I T H T H E ENEMY ACT, AS AMENDED BY THE
FIRST W A R POWERS ACT, 1941, RELATING TO FOREIGN FUNDS CONTROL.*
General License No. 13 is hereby amended to read as f o l l o w s :
A general license is hereby granted licensing as generally licensed nationals:
(a) the B o m b a y and Calcutta offices of the Nederlandsch Indische Handelsbank;
( b ) the Djeddah, Calcutta, B o m b a y and Paramaribo offices of the Nederlandsche
Handel Maatschappij;
( c ) the Willemstad (Curacao) offices o f :
(i) the Curacaosche Bank,
(ii) the Maduro & Curiel's Bank,
(iii) the Edwards Henriquez & C o . ;
( d ) the Oranjestad ( A r u b a ) office of the Aruba B a n k ;
( e ) the Buenos Aires, Caracas and Maracaibo offices of Banco Holandes U n i d o ;
( f ) the R i o de Janeiro, Santos and Sao Paulo offices of Banco Hollandez U n i d o ;
( g ) the Willemstad and Oranjestad offices of Hollandsche Bank-Unie;
( h ) the Haifa and Istanbul offices of Holland Bank U n i o n ;
(i) the Netherlands Trading Society East, Ltd., L o n d o n ;
( j ) the L o n d o n office of the Banque Beige pour l'Etranger (Overseas), L i m i t e d ;
( k ) the offices within the generally licensed trade area, as defined in General License
No. 53, of the H o n g K o n g and Shanghai Banking Corporation.
RANDOLPH

PAUL

Acting Secretary of the Treasury
* Part 131;—Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order
8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex.
Order 8963, Dec. 9, 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, July 6, 1942; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.




(OVER)

TREASURY DEPARTMENT
Press Release
Press Service
No. 38-68

FOR RELEASE MORNING NEWSPAPERS
September 28, 1943.

The Treasury Department took action today to simplify and consolidate outstanding
general licenses which conferred generally licensed national status upon domestic and
foreign offices of certain foreign banking institutions subject to the freezing orders. Today's
action does not change in any material way the status of such foreign banks under the
freezing order.
Twelve former general licenses (Nos. 13, 14, 18, 19, 21, 22, 40, 43, 62, 66, 69 and 81) are
now consolidated into General Licenses Nos. 13 and 13A. General License No. 13A covers
the offices of foreign banks located in the United States and Hawaii which have generally
licensed national status and General License No. 13 pertains to the foreign offices of such
banks.
Treasury Department officials pointed out that under paragraph (3) of General License
No. 53, as amended, a bank within the generally licensed trade area may engage in any
transaction for the account of a blocked national located within such area as if the transaction were solely for the account of such bank, so long as there is no withdrawal or payment from a blocked account. It was observed that this recent amendment made possible
the simplification of the documents involved.
The Treasury Department also announced that reports relating to American-owned
property in foreign countries on Form TFR-500 which are executed in the United States
need no longer be made under oath.

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