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At a meeting of the uold Export Committee of the Federal Reserve Board held in the office of the Board on Thursday, May 16, 1918, at 10:30 A. L., PRESENT: Mr. Sarburg, presiding, Mr. Hamlin, Mr. Miller, Mr. Willis, Secretary. Present also: Mr. Kent. Applications for permission to export coin, bullion and currency, with papers relative thereto, were presented and acted upon as follows: Telegram from Consolidated National Bank, , Tucson, asking for extension under licenses 1554 and lbb4a, authorizing exportation of 430,000 gold q1.10,000 silver and currency to Mexico. Granted. Letter from American Exchange National Bank, New York, asking reconsideration of application 1569 filed by Antonio Melillo for permission to export 44,000 gold to Naples, Italy. Tabled May 16 after having been declined April 12 and again April 16. 4 Tabled. Application of Mexico Arizona Trading Co., of Nogales, Arizona, to ship to Robt. C. Howell, San Bias, Mex., 420,000 silver coin during June, (*1841), referred uo iood Administratior Lay 13, and returned witn letter recommending issuance or license. Granted. A letter National City Bank, New York, requesting extension of time within which to make shipment under license No. 1481. (Papers herewith) Granted. letter May 14, bd Assistant Secretary of State Phillips, transmittind a letter from A. H. Parker, Phoenix, Arizona, to Senator Ashurst, and copy of letter to the Senator, re transfer of funds from ArizOna to L:exico. 1837. Noted. Application of Mercantile Bank of the Americas, for permission to ship to Mercantile Overseas Corporation, for American Mercantile Bank of Colombia, 4500,000, with correspondence relating thereto.Tabled May 14. Granted proviAed the bank imports $500,000 gold from Colombia witnin 3 months. A letter of A. O. Anderson Trading Co., of New York, referred by War Trade Board making inquiry as to shipment of silver to South America. Ordered send copy of last paragraph to Boston and New Yorli, banks. A letter War Trade Board re Harriss Irbj and Vose. Abstract to Federal Reserve Banks, New York and Boston. Messages (3opies) from Ambassador Page referred by Customs Division, re Knauth, Nachod & Kuhne, referred to gr. Kent. A letter Dayton Fan S. Motor Company re steel situation. Noted. 1863. 'gm. A. Rogers Co., Ltd., Niagara Falls, New York, to same, Toronto, Canada, 3,200 ounces silver oar. 1864. Granted. Angel Guirola, San Francisco, to Banco Salvadoreno, San Salvador, 412,000 paper currency other than gold and silver certificates. Granted. 1864L. National City Bank 4300,000 gold to correspondent in Colombia. Granted; wire no application yet filed, but state that no further applications likely to be granted. 1865. L. Vogelstein & Co., Inc., New xork, to Mocatta & Goldsmid, London, 4b0,000 silver bars. Granted. 1066. National City Bank, New York, to same, Valparaiso, Chile, duringy or Juno, $1,194,815.34 gold bars. Tabled. Chase National Bank, New York to Royal 1667. Bank of Canada, Havana, Cuba, $9,000 in 41's and 42'8 (paper). Granted, but ask bank to refrain if possible from use of silver certificates. 1866. Royal Bank of Canada, New York, to sane, Havana, Cuba, „i16,006 in l's and 2's (paper currency). Granted, but as bank to refrain if possible from use of silver certificates. 1869. United Fruit Co., New Orleans, to same, Puerto Barrios, Guatemala, 416,000 in paper currency. • except gold or , silver certificates. Granted. Ordered that a letter be written to Mr. D. H. G. Penny, notifying him of Ms designation as Assistant Director, Division of Foreign Lxchange. letter of Liz'. Kent re the situation in the Tampico district was ordered transmitted to the State Department. Lt 11:40 A. M., the meeting adjourned. .2ocretary chairman
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