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a meeting of the Executive Committee of the
?ederal _. ieserve Board held in the office of the Board
on Tuesday, January 15, 191E, at 10.45 a.m.,

ijr. Harding,

:Ir. Hamlin,
itnen, .Lssistant
Secretary.

.

Present also, :r. Ltrauss.
..!tpplic:.tions for permission to export coin, currency and bullion, too;ether with papers in connection
there:.-ita, were presented and acted upon as follows:
orresnondence with the
ish imerica,

omtiercial Bank of Span-

td., re issue of notes in Peru. :Toted.

letter from the aar Trade Board requebt ng that
all applications for permission to export coin, bullion
or currency to To1ld, Jweden, ::orway, Denmark, 2aero
Islknds, Iceland, be referred to it before per-lits are
issued in order that the ,:ar Trade board may cooperate
fully with the British lovernment in supervising cqch
shipments.

roted and will comply.

955.

Halla, San !ran isco, to Jodolfo

Huila, 2ochatal, Oaxaca, :lex., .1,500 L';old coin.

Declined.

956.

L;. Barrera y Jia, through Liiimo liational sank,

...dared°, to J. Barrera y Jia, icew Baredo,
1916, 40,030 gold coin.
957,

ex., daring. January,

Granted.

Janadian Bank of Jomerce, (Jan 2rancisco, to

lint, Bombay, approximately .400,000 ounces silver about January 23.

Granted.
Governor Harding presented a m m randum from the (Jec-

retary of State forwarding a copy of a te1e3ram from Jollector
of JastorAs Jobb, 1.7,1 Paso, Texas, in which he statcd that the
refusal of the United :Jtates to perrlit exports of gold had resulted in direction on the part of :,:exico that deposits in the
United States be no longer made, and recommended further that
no gold. be allmed to be exported ahile ,merican silver is
tiscounted by the ',lexicon Government.

It was agreed that Gov-

3°11- if any action on the
ernor Hardin7, should ask 3olicitor'
'art of the Board is desired.
11 a.m. the Jo,nmittee adjourned.
;0T-1:




;jecretary.