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Treasury Department FOREIGN FUNDS CONTROL July GENERAL LICENSE NO. UNDER EXECUTIVE ORDER NO. AS AMENDED, General (1) person WAR POWERS A C T , 1941, License is Certain through is (a) 32A is AS AMENDED, EXECUTIVE ORDER NO. terms and Such amended bank to exceed the $1,000 are payee in 9193, AS AMENDED any such only one follows: authorized. remittances within by any Italy, and remittances, complied and as expenses individual effect r e m i t t a n c e s a r e made of read authorizing any to conditions expenses to Italy for living granted authorized 1945 RELATING TO FOREIGN FUNDS CONTROL.* hereby to hereby any domestic bank following No. remittances license any d o m e s t i c the 32A, AS AMENDED, SECTION 5 ( b ) OF THE TRADING WITH THE ENEMY ACT, BY THE F I R S T A general 8389, 24, provided with: for his the necessary household calendar living and do not any one a blocked ac- month to household; (b) Such remittances in which named in paragraph has (2) All except an S t a t e s in t h e remittances (3) tance. in is held by, » such a banking name the of, payee by so A of banks remittances satisfy complied which Section When of any (i) subject General other a country Ruling No. blocked institution or in w h i c h or of within the a member of 11 account the beneficial his house- and shall are Reports through promptly (ii) from or Such r e m i t t a n c e s are e f f e c t e d o n l y by the payment of t h e d o l l a r amount of t h e r e m i t t a n c e t o a d o m e s t i c bank f o r c r e d i t t o a p o s t - 1 i b e r a t i o n b l o c k e d a c c o u n t in the name o f t h e h e a d o f f i c e o f a b a n k i n g i n s t i t u t i o n in Italy. making conditions banks 4(b)(i) D u t y o f p e r s o n s and d o m e s t i c persons such and account made citizen or United interest not any any i n t e r e s t , hold; (c) are count themselves banks such acting under domestic that such effecting remittances Form TFR-132 executed, all this banks the license. effecting foregoing terms with. domestic any and with form remittances. originate respect shall be to Domestic shall each forwarded such execute remit- promptly to Part 131; - S e c . 5 ( b ) , 40 Stat. 415 and 9 6 6 ; S e c . 2 , 4 8 S t a t . 1 ; 5 4 S t a t . J 7 9 ; 55 S t a t . 8 3 8 ; Ex. O r d e r 8 3 8 9 , A p r i l 1 0 , 1 9 4 0 . as amended b y E x . O r d e r 8 7 8 5 , June 14, 1 9 4 1 , E x . O r d e r 8832. J u l y 26, 1941, Ex. Order 8963. D e c . 9 , 1 9 4 1 , and E x . O r d e r 8 9 9 8 , D e c . 2 6 , 1 9 4 1 ; E x . Order 9193. July 6, 1942, as amended b y Ex. O r d e r 9 5 6 7 , June 8 . 1 9 4 5 ; R e g u l a t i o n s , April http://fraser.stlouisfed.org/ 1 0 , 1 9 4 0 , a s a m e n d e d J u n e 1 4 , 1 9 4 1 , and J u l y 2 6 . 1941. Federal Reserve Bank of St. Louis the domestic wise) ban! the shall repcrton which the bank bank remittances, (4 ) accounts Reports of each of any calendar (5) by (6) tiafcle to the Domestic advised bank payment of that to such Ruling shall 5A. No. covering the or amount such effected. banks to within end when be send the the Bank. refund Domestic remittances total TFER-1. blocked at license cannot institutions such promptly Reserve to to the for and therein general 5A, do- also post•1iberation report remittance No. is number Federal this a and the post- 1iberation balances Ruling banking orders the month where r e p o r t on Form banks are a u t h o r i z e d General offices the maintaining appropriate pursuant Waiver of G e n e r a l head and cases Bank remittances instructions monthly license otherlatter Reserve originate include maintaining or the calendar In payment its banks accounts, notwithstanding the in general ordered are merely banks this preceding the and number o f remittances abroad shall month, Re f u n d s . banks such domestic such remittance domestic any cable Federal the remittances. remittances to of during such Domestic pursuant establishment from bank accounts. appropriate the of (by remittance abroad transmitting such the abroad such stating which amount o f s u c h blocked to for in d u p l i c a t e , amount through ultimately izee, monthly transmitted dollar transmitting instructions submit were dollar ultimately Form T F E R - 1 , total mestic bank payment are author- and receive Italy refunds non-negoauthorized here in. (7) De f i n i t i o n s . (a) used in this The term " h o u s e h o l d " (i) those individuals f a m i l y ; or (ii) (b) As general shall (i) any i n d i v i d u a l not s h a r i n g o t h e r s as a f a m i l y . which any (ii) is established other license referring to to funds which this license ization blocked (iii) mean: sharing The term " p o s t - l i b e r a t i o n a blocked account: with or fected license or dwelling as a common dwelling with account" pursuant other may be other account; to this blocked credited only license referring to or a mean license authorization payments, dealings or expressly account; pursuant other to author- p o s t - 1 i b e r a t i on transfers, may pursuant to this other shall a and other except common blocked any expressly or a a pos t - 1 i b e r a t i o n respect to which drawals to or license: not license authorization a post- 1iberation blocked Secretary or made or expressly withor any of GASTON the efother referring account. HERBERT E . Acting be Treasury
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