Full text of Federal Reserve Bank of New York Circulars : 9984. Blocking Libyan Government Property

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FEDERAL RESERVE B A *
OF NEW YORK
Fiscal Agent of the United States
No.
January 8, 1986
[ Circular

9984 Tj

BLOCKING LIBYAN GOVERNMENT PROPERTY

To All Banks, and Others Concerned,
in the Second Federal Reserve District:

President Reagan today issued the following Executive Order blocking property of the Govern­
ment of Libya:
EXEC U TIV E ORDER
BLOCKING LIBYA N GOVERNM ENT PRO PERTY IN THE UNITED STA TES
OR HELD B Y U .S. PERSONS
By the authority vested in me as President by the Constitution and laws of the United States,
including the International Emergency Economic Powers Act (50 U .S.C . 1701 et seq.), the National
Emergencies Act (50 U .S. C. 1601 etseq.) and section 301 of title 3 of the United States Code, in order to
take steps with respect to Libya additional to those set forth in Executive Order No. 12543 o f January 7,
1986, to deal with the threat to the national security and foreign policy of the United States referred to in
that Order,
I,
RONALD REAGAN, President of the United States, hereby order blocked all property and inter­
ests in property of the Government of Libya, its agencies, instrumentalities and controlled entities and
the Central Bank of Libya that are in the United States, that hereafter come within the United States or
that are or hereafter come within the possession or control of U .S. persons, including overseas branches
of U .S. persons.
The Secretary of the Treasury, in consultation with the Secretary of State, is authorized to employ
all powers granted to me by the International Emergency Economic Powers Act, 50 U .S .C . 1701 etseq . ,
to carry out the provisions of this Order.
This Order is effective immediately and shall be transmitted to the Congress and published in the

Federal Register.
Ronald Reagan
The White House
January 8, 1986

Inquiries on this matter should be directed to Telephone No. 212-791-5041.
E. G era ld C o rr ig a n ,

President.