Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, June 12, 1918, 10:35 AM, Volume 5, Part 2

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At a meeting of the Gold Export Committee
of the Federal Reserve Board held in the office
of the Board on 'Lednesday, June 12,

1910,

at 10:35 A.M.,

PELSLNT:
Mr. Willis.

Mr. Warburg, presiding,
T

. Miller,
Present also:

Mr.

Strauss.

Appli a ions for permission to export coin,
bullion and currency, with papers relative thereto,
were presented and acted upon as follows:
Letter from Messrs. Ames y ,;utierrez of the
American Grocery Co. in Mexico re their application
No. 1963 for permission to export 42,00 gold coin to
Mexico; declined May 27th.

Noted.

Memorandum re letter of May 17th to Ambassador
Fletcher.

Ordered duplicate sent in diplomatic pouch.

Letter from Panama; Canal re granting of license
to 1.1r. P. G. Crespo to take 300 pounds sterling to
Spain.

Previous correspondence attached.

Noted.

Letter from Federal Reserve Bank of New York
re policy of Board regarding shipments of gold to Jpain.
Previous correspondence attached.

Yoted.

Letter from Assistant Secretary Leffingwell approving the circular on Travellers' Regulations.

Noted.




Report as to Greene Cananea Copper Company.
- Rendered by Secretary and noted.
Report on import licenses for bullion.

Rendered

by Secretary andnoted.
Letter from Faust & Wilson re application of
Mexican Gulf Oil Company for permission to export10,000
gold to Mexico; declined June 4th; reconsidered and
tabled June 5th, 7th and 8th; reconsidered June 11th,
and declined if gold can be had in Tampico.
Secretary directed to write letter to 7.ar
Trade Board re Board's understanding of its position
re import licenses.
2095.

Hongkong and Shanghai Banking Corpor-

ation, San Francisco to Shanghai, 1,100,000 ozs. silver
bullion.

Granted.

2096.

American Express Company, New York to

same, Montreal, not to exceed 45,000 French and English
notes weekly.
2097.

Correspondence herewith.
Fargo & Company for Handy & Harman,

New York, to either Agent of Peninsular & Orient
Steamer Company, Hongkong, or Master of
425,000 silver bullion from San Francisco.
2098.

Calcutta,
Granted.

Handy & Harman, New York to Mocatta & .

"P2




•

Goldsmid, London, $1,000,000 silver bullion.
Granted.
2099.

Booth (5: Co., New York to same,

Iquitos, Peru, 13 3,000 gold coin, (4;14,400

44.80).

Declined.,
2100.

Irvington Smelting & Refining Co.,

Irvington,

to Canadian Seamless Are Co.,

Toronto, 3,000 ozs.

Troy fine si1ver(446,015..)

Granted.
Application of Faust & Wilson for Lexioan
Gulf Oil Company for 0.0,000 gold to Lexico subject
to such conditions as chairman may attach.
At 1110
APPROVED:

Chairman.

the meeting adjourned.