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itt 4

meetin; of the 4:4xecative _;ommittee of the

?ederal Aeserve board yield in the office of the kyverhor
at 4.30 p.m. on Thursday, October 11, 1917,
PJETz
'qarbar3
., presidinfj,
3ecretar7.
Present also

r. Abert Etraass.

-pplications for permibsion to export coin, b.iilion and currency were presented and acted apon as follows:
364.
jouth

to British Bank of

Bank of Lew fork,

erica,

td., Buenos

ires,

0,0OO sold coin.

aid on table.
365.

International Bankins. Corporation, ,an ;'ran-

cisco, to same corporation, Jalcatta, A27,000 :;old coin.
Laid on table.
366.

The Lmerican Ietal Co., Levi York, to Jom-

pania de :ancrales y -etales, S. . 1.:exico City, not exceedinz ci500,000 per month ;old coin.

pproved for Oct-

ober.
J67.

Balbach Smelting

., to Lmerican

defining Co.,

wark, N.

Case Co., Toronto, Janada, 5500

ounces cold bullion,(approximately :::1113,605).

pproved.

The :.:erhants National Bank, St. Paul, Linn.,

368.

to 2. -. Bauer, etc., shanghai, China, .300 monthly, gold
coin.

Declined.
369. ;ells Fargo Nevada National Bank,

an ?rancisco,

to rederlandsche Handel :laatschappij, Batavia, 4;12,000 gold
coin.

Declined.
J70.

li'irst rational Bank, 'lint, Mich., to :Lahaffy

3ros., Ltd., Bracebridge, Ont., iy1,600 U.S. and Canadian currency.
345.

Lexican :Torthwestern .lailroad Jo., 4;1500 cur-

rency, 44500 gold. ,pproved for October.
371.

2irst :Tational Bank, Nogales, .25,000 through

Douglas to L:e.Aico.
372.
to Mexico.

1.pproved.

Lnglo and :4ondon-Paris National Bank, 4;75,000

approved.

Letters from the Bemis Brothers Ba

Company with

reference to their application for the exportqtion of 3old
were read, and the 2ecretary directed to explain that negotiations are on foot for the narpose of providing Indian
change, and suggesting that they consult with

2tone of

the Ludlow -ssociatcs for further information.




,letter from the Post Office Department asking whether




the provisions for the exportation of coin, bullion and currency apply to the United States Postal Agency at Shanghai,
China, was ordered answered with the statement that the
agency at Shanghai should be regarded as a foreign country
for all purposes.
A letter from Governer moDeagal addressed to Governor Harding and setting forth the situation in Janada,
was read and noted.
On motion at 5 p.m. the k;ommittee adjourned.
APPliOVED:

Chairman.