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a meeting of the Lecztive ,:ommittee of the ?ederal Reserve Board held in the office of the Iovernor at 150 n.m., on Tuesday, October 30, 1917, P.LZE2TT: La% Delano, . Harding, :Ir. Allen. Ni'. .'arbarg, "Tomlin, Present also, 'trauss. applications for permission to export coin, bullion and currency and papers in connection therewith were presented and acted upon as follows: letter from the ,:ar Trade Board tronsmittin0 letter from Morgan, HastinL;s of Philadelphia, 14 dated September 19, making iniairy relative to the exportation of dental letter. to certain countries named in their The secretary to write a letter stating that none can be shipped or exported except in exchange for gold. letter from the Manufacturers efining o., of Providence, 1.I., with reference to the return of certain gold to be imported into the 'hilted States from ,,luba for refining, concerning which they wrote on October 9, to which letter the Board replied on October le file 416, attached) - Secretary to write a letter stating that sold itay be e.I.Torted if it comes in for ref1nin3. eerve Ban letter from Y:r. Kent, of the Federal of :Tew York, rejestin13 advice as to whether or not the Board will approve shillment by South Porto Ilico SuFsar 10 000.in coin in lieu of like amount of censeo 210, coverinz shipment o ompany of trrency under li- total of 0J,U0O to Porto dico in rlontAly instalrlents letter from Isclin ral ny relative to the shi ment of )600,000 L;old to Zexical .;overnment through :7 ,,aredo, was ordered filed. on with reference to their 1 tter from Icad former application '.,:o. 2‘GC. to export ::exican for rerI sold to :,:exico, which hzs been declined, &nd makin:s certAIn This letter dated Uctoberand from tonio office. letter from Load to the export of Son, eico, with reference 2.25,000 -exicn :;old coinheld. ztZan ,:,n- tonio. 470. 0zstomns Tieriot do, co., Lared mw,as, to ::. ;100,000 IT. . ,lold coin. Declined with sues ion that if shipment is for the rovcrnrr.ent, it should rake application. lean xican 479. Farmers- Loan n Trt o., pania Fzzport ,ior,.. de Vera ,;raz, Vera ::rew Yor, to ,^;om- ;fAL, :e;jJC,, y 500 J. J. .gold 460. aoyal ik of ' -nada, New York, to Royal Bank of 0anada, 7ontreal, :,000 to sold coin. To be referred r. Pease, President, 0.B.., under azreement-with Jarad- ian Bankers ,soolation, and appliction returned to 7ederal leserve Bank of New York for sash reference. . 461. Handy Harman custom1;ew York, to .;anadian . ers, silver bullion in bars, sheet and granulated, not to exceed 60,000 ounces, Troy.. 4proved. ":.t2,: York, to Janadian customers, silver bullion inT,nd :21nu1LIted, not to exceed 10,000 ounces, 7royl ,Tproved. 46. ::tio1 it' ink,7.ew Bank of New York, .allya a* York, to liat1o;-.1 Jity 000 -old bars. Du Pont de 1:eiloars 1. 3c2.) for future ir4fornation. 46:1. ,„Zeu7lond Jo., kew 'fork, to 3ank, ;T:hanz.hai, aboutsilver bullion, between ::*ovember O nd October is. 4pproved. 465. Roy41 Bank-ofmda, row York, to Royal Bank of nada, :"ontreal, $,960 7.1;.told. coin. To be referred to :Tr. Pease, President of Canadian Bankers J..ssociation, under asTewilent with that isapciation, and application returned to eserve Bank of 1:ew York for such reference. 2edera1 The fo1loin It W4S atters are presented by :Ir. ::,trauss: tentatively z.ireed that from .A0,000,000 to ,42,000,000 per year was an eq,uitLble.amount of ::old to be alloaed to be exported to Chile. k. :attele3"ram from Jollector ' /14;Obb at. El Paso callInc tention to the faJt that checks were being Presented to certain banks on the border for sold ard suiestin.L.; that smug.,operations mijlt be thereby indicated, was referred to c;lin3 (1,overnor - memorandum from Lord et* ein to .issistant . L.ecretary of the Treasury Crosby covering a plan for rupee credits in. the United states up to j0,000,000 rupees was: presented and tacit approval jven to the openin • of credit as outlined for 10,000,000 rupees. report from an attache of the ?rench Inbassy statina. that .1,mrican notes are be1ng.-par4hased in :7;witLerlandpresumably for i7rerm4n acJount and s'azvsting that, re- ,juest be made that this be stopped was presented, proval to sach action. ommunicat ion frorn the wavy censor ;; .* Iving res. lations ;overnin the British ravy censor regarding corr.- munictionz coverInc; e:xport of sold nd nldb1lion was presented, and siilr rez1ations for the rrnited 3tates appro* intercepted cablegram fror the Jeflt of th or :.:etal Jo. in Pris to Eew York,etin of 5)0 000,000 ables v the sale ea and no objec- tion Int rrosed to the delivery of the ca. le3. zJ.m. letter from the 7'ostmz. ster 3eneral to the 3ecretary the reasury relative to the arraneents which 1 be made t or the payment of Postal money orders in s,_ it .beinz; stated ti t the a:nount now V/L.s in-the vicinity of ,500,000 ,_was pre- .17o :Action WaS tAken. motion, tA - 1.30 p.m. Chathan ingaUoLlrr1ed.
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