The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
At a meet:+ng of the Gold Export Committee
of the Federal Reserve Board held in the office of
the Board on Thursday, June 20, 1918, at 10:30
--SE1TT:
Mr.
Mr. ':arburc, presiding,
Secretary.
Mr. Miller,
?resent also:
11r. Straus4, Mr. Kent.
Applications for permission to export coin,
bullion and currency, with papers relative thereto,
were presented and acted upon as follows:
Memorandum from state Department re intercepted letters from H. nevig and Company to Den Norske
Handelsbank, Christiania.
Referred to Mr. Kent.
Memorandum from State Department re establishment of a branch of the Yokohama Specie Bank of Tokio,
Japan, at Buenos Aires.
Circulate.
Letter from :Jr. Kent re Hamilton Cotton
Company's trade with Italian spinners.
Read and
ordered. filed.
Letter from Bank of the Manhattan Company, New
York, transmitting letter from Hollinger Consolidated
Cold Mines, Toronto, re export of gold coin in return
for gold bullion coming into the United States from
4
1O
Canada.
Read and agreed to release gold equivalent
but in future notice must be given.
Lemorandum from
Trade Board re applica-
tions of Handy lc Harman for export to Yorway and the
undertakings which accompanied their applications.
!'.oted; Secretary statin,J that the "undertakings" referred to had never been returned.
Lp)lication
of Thomas Cook & Son for per-
mission to export foreign currency not to exceed .,200,000
per month to various correspondents of theirs.
tion No. 2131, tabled June 17th.
4p1ica-
Tabled until June 21st.
("dr. Strauss has 2apers).
2147.
1,pplication of Louis Fenchler, 51 Paso.
Texas, for permission to export „;500 paper currency except gold or silver certificates and ;80 gold coin
(total ,580) to Juarez, :lexico.
Tabled June lth.
Granted for currency only.
Telegram from Governor Lynch re transactions of
Hongkong & Shanghai Banking Corporation, asking advice.
Referred to Yx. Strauss for report (papers in his hands).
Telegram from Federal Reserve Bank of Dallas
asking extension of time for shipment of „;4,000 paper
currency authorized 2irst 'National Bank of Del Rio for
1
1
- 82
export to Lexi,,o Wool
Juno 19th.
Liohair Growers.
Granted
Ilatifiod.
Letter from Chilean Lmbassy concerning the application of the National City Bank of New York to
export „1,3 0,470.50 gold to Chile (2125 - approved
conditionally June 17th, license issued June 19th).
Noted.
A letter from Federal Reserve Bank of New York
transmitting letter from Farmers Loan & Trust Co., requesting reconsideration of their application to export
2.5,000 gold to 2,1exico.
(No. 2126)
Noted; same de-
cision as before.
2156.
International Banking Corporation, San
Francisco, to same, Shanghai, China, during June,
2100,000 silver bullion.
2157.
Granted.
Yokohama ,:ijecie Bank, Ltd., Honolulu, to
same, Japan, Japanese gold bank notes to the amount of
Yen 25,000.
Granted.
2158.
Standard Oil Co., New York, to same,
,6,000 paper currency except gold or silver
Tampi'
certificates, via steamer sailing from Baton houge.
Granted.
2159.
Standard Oil Co.,Nov; York, to Compania
;15,000
Transcontinental de 2etro1eo, Tampico, Lexie°,„.
paper currency except gold or silver certificates, via
steamer sailing from Baton :Rouge.
2160.
Granted.
American Metal Co., Ltd., New York, to
Jamuel ::.ontague & Co., London, itingland,
bullion during June or July.
2161.
11.1 2otosi
00,000 silver
Granted.
Company, New York, from
21 Paso or Laredo, Texas to same, Mexico, .;10,000 gold
coin.
Granted.
2162.
Chase National Bank, New York to Loyal
Bank of Canada, Camaguey, Cuba, ,200,000 paper currency
except gold or silver certificates.
2163.
Granted.
L'ercantile Bank of the Americas, New York
to Mercantile Cversea Corporation for transmission to
the American Lercantile Bank of Colombia, Bogota, :500,000
gold coin.
Granted; period to be six months from time of
issue of license.
:7:r. jtrauss was recorded as not par-
ticipating in dismission of
2164.
o. 21.63.
International Banking Corporation, Lan
Francisco, to sane, Shanghai, ,e2,JJ0 silver bullion.
2150.
Kountze Bros., New York, to Banco Territorial
y a:ejricola de _uorto hico,
and pennies.
June 20th.
Granted.
an Juan, 2.L., ,?2,8u0, 5. pieces
Leforred to Mr. jtrauss June l'ith; granted
A letter from _Assistant Secretary Leffinuell
re travellers' funds to certain countries was read
and the policy therein ordered into effect.
A letter from B. E. Barlow to D. C. Roper transmitting a letter to :.;enator Owen was presented and ordered
filed.
Acretary to reply.
lo:57
the meeting adjourned.
422::01LLD:
:3ecretary,
Chairman.
@FedFRASER