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F E D E R A L R E S E R V E BAN K O F NEW YORK Fiscal A gent of the United States rCircular No. 4 0 8 2 1 L March 9, 19S4 J REPORTS OF TRANSACTIONS IN FOREIGN EXCHANGE, TRANSFERS OF CREDIT, AND THE EXPORT OF COIN AND CURRENCY Revision o f Operating Circular No. 19 T o all Baiiks, B ankers, B rokers, and Others Concerned, in the Second Federal R eserve D istrict, P u erto R ico, the V irgin Islands, and the Panam a Canal Z o n e : The Regulations of the Secretary of the Treasury, as amended, relating to transactions in foreign exchange, transfers of credit, and the export of coin and currency, are further amended effective March 31, 1954, to provide for the discontinuance of reports on Forms B -l-A and IMF-B, and the filing of reports on Form S-4 semi-annually instead of monthly. The exemption level for reports on Forms B -l, B-2 and IMF-C has also been raised from $100,000 to $500,000, and Form IMF-C has been revised and simplified. We have revised our Operating Circular No. 19 to conform to the amended regulations, and a copy of the revised circular is transmitted herewith. Additional copies of the revised operating circular will be furnished upon request. A llan S proul, President.
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