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41




-neetin,=; o

ti ExLative Coiriitee of the

Federal Rcatrve Board held in the office of the

overnor

at 4.15 p. m., on Tuesday, October 9, 1917,
PRBSENT:
Ur. iLruu1g, presiding

Mr. Willis, Secretary.

Ur. Delano,
Present also, Mr. Albert :>trauos.
Applications for pernieion to export coin, bullion
and currency were presented and anted upon as
347.

follaus!
ir4

Ti Hung Lung Co., San Francisco, to Tai

Wo & Co., Hongkong, 426,000 gold

coin, October 1.

)eçlifl

but would approve silver sh1pront.
348.

Cu.ranty Trubt Co., New

marte & Co., Barcelona, 4100,000 gold
349.

York, to
coin.

areia

Oala-

Declined.

Guttag Bros., New York, to Alloway,

Champ-

ion, Ltd., Winnipeg, . 250 U, S. gold coin (100 one dollar
gold pieces).
350.

Approved.
Bank of British North

rnerica,

ow

York to

same bank, Toronto, Canada, c5,000 U. S. currency.sipproved for 412,000.
351. :Taller Saban & Co., New York to Amer' an
Colonial Bank, San Juan, P.JL Blanket license for ship-

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0.

United 2rait •o., New Orleans to 7elr

40,000 U.S. Crrenoy other than cold or ;.old
i,pproved.
Janadian Bank of 2,ommerce 200,000 ounces of
bar

fctober 11 to Bombay, India, and approximtely

same anent (900,000 ounces) to jal-tta: 4proved.
321. ,ITplication of -Art rational Bank of Douglas, on Ladf of S.

:lardanier, for rermiion to ex-

port ,:old was-rcconi.dere,:1 and the Secretor:7 airected to
reaffiin the Board's ref

1, explaining the action taken.

presented a memorandum with reference
to gold shipments to

which was inforally approved

by the Jommittee.
The Secretary of the Board was wthoriLed to reiaest the Customs Division of the Treasary to release
1N),000 United States currency,not iT,old or
now on board Ship at Lob lie in favor of the
Petroleum Co., which is endeavorin,1,7 to ex-

, lc .
to the

r from the 0

of State addressed

.7 of the Treasury with reference to cir-

culation of United States currency in :::exico, ai-lso

3overnor 7-rdin2"L reply to came, was presented and noted.
he application of the Javasche Banl: to e::-nort and
'1,o to earmark _7;old was taken ap and the Secretary dirtcted
Yent for transmission to the Ta-r,lity Trust

to c-y to

,;()., that the Board sests th,t the funds of the Javasche
Bank be left on ,-;cneral account crrent, vith the understandinj; that no obstacles to their e:Tortatinn three months after
the concLision of ye.ace \maid be interposed.

remission to

e-port 4300,000 7old coin 'as ain refused.
- epaty governor Kent of rew York with
- letter fro-, ")
reference to the South Porto lico Facpx Jompan:Tes alioaima

i other matters, and in,,airin,; whether the permit

lrcady issued for the exportation of 7nited States currency
included silver certificates, was ordered answered in the .
affirmative.
letter from the 'ashburn-[2r sbL

jo., with refer-

ence to the jute situation was read and ordered answered
by the Secretary.
letter from the A)11ector of Customs at '.;.ale.xico
describing his method of handlinL: small shipments of currency
across the frontier was read and the plan set forth by him
approved;







On motion, at 4.00 p.m. the Jommittee adjourned.

Secretary.
Jhairman.