Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, May 1, 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 Wednesday, May 1, 1918, at 10:35 A.

PRESENT:
Mr. Harding, presiding,

Mr. Miller,

Mr. Hamlin,

Mr. Willis, Secretary.
Mr. Strauss.

Present also:

L

Applications for permission to export coin,
bullion and currency, with papers relative thereto,

ip

were presented and acted upon as follows:
A memorandum re applicability of Executive
Order on Foreign Exchange to Philippine Islands,
Hawaii, etc.
Affairs).

(Inquiry from Bureau of Insular

Tabled at meeting of April 30th.

Re-

ferred to Mr. Strauss.
A telegram from Federal Reserve Bank of
Dallas, recommending extension of time within which
shipments may be completed under license No. 1585,
favor First National Bank, Nogales, $20,000 silver
and $200,000 currency except gold certificates, to
Jose Mazon, Mexico.




Granted.

A telegram from Federal Reserve Bank of




Dallas, recammding extension of time within which
shipments ma:7 be completed under license No. 1595,
favor First National Bank, Nogales, "40,000 silver,
to A. C. Dixon, Mexico.

Granted.

Application F. G. Garcia, Brownsville,
$5,000 silver to Mexico(#1733) for purchase cattle.
Tabled April 30.

Granted.

Joplication Miss Mary E. Smith, Board's
Staff, to carry $100 gold to France.

Tabled April

30th with suggestion to buy Francs.

Declined.

A telegram A. E. Hatton, First National
Bank, Del Rio, Texas, re license No. 1666.

Referred

to Secretary.
A letter Geo. C. Sherman, requesting extension of time within which exportation of 505,000
roubles may be made under License No. 1635.
red to Secretary to consult with Miles.

Refer-

(0.F. if ap-

proved by him).
Letter from F. L. Childs re E. A. Hatton.
Noted.

(Bring to attention of Secretary).
Letter from M. M. Parker re operations of

Camphuis and Rives.
1740.

Noted.

D. Edelstein, San Francisco, to F.

Fainberg, Kobe, Japan, ;3,500 (50,000 roubles)
Russian paper currency.

Referred to Secretary to

consult with Miles, State Department.

0. K. if he

approves.
1741.

D. Edelstein, San Francisco, Cal.,

to Mendel Fainberg, Harbin, China, ;2,700 (45,000
roubles) Russian paper currency.
1742.

Same as 1740.

Director of the Mint, (U. S.) to

Mint Master, Calcutta, India, from San Francisco,
May 4th, 1918, approximately 011,000,000 silver
bullion.

Approved.
1743.

United Sugar Company, Nogales, to

Mexico, $4,000 silver coin.

Granted - notify

Dallas.
1744.

First National Bank, Nogales, Ariz.,

to H. B. Scott, La Colorado, Mexico, during May
and June, 1918, $5,000 Federal Reserve notes.
Granted.
1745.

Manuel Espinoza, Nogales, Arizona,

to same, Nogales, Mexico, during May and June,
$20,000 gold coin.
1746.

Granted.

R. Leon, Brownsville, Texas, to

same, 0,500 gold during May. (Granted).




0




At 11:50 A. U., thb meeting adjourned.
APPROVED:
'<54744417
Secretary