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At a meeting of the Executive Committee of trio
Fedurul Reserve Beard held in the office of the Governer
on Taesday, September 18, 1917, at 3:35 P. M.
Present:
.

Mr. Harding,
Mr. Warburg.,

•

Mr. Delano,
Mr. Willis, Secretary.

Present also:
Mr. Albert Strauss representing the Treasury Departwent.
Mr. Warburg made a general report with reference
to the Java sugar situation and the question of arrangements
to provide exchun7,e based thereon.

It was agreed that Mr.

Warburg reply, morelv stating that it is- the understanding of the Board that the Government will not be in the market for Java sugar.
Application for permission to export coin, currenCY
and bullion were then taken up and passed upon as fellows:
97.

El Potosi Mining Co., El Paso, Texas, 425,000 U.

S. Currency or Federal Reserve notes, per month, 40,000
gela, Mexican Coin, or equivalent amount of currency or
notes, El. Vase to Mexico.

Approved, if shipment is made in

Fe-deral Reserve notes or other form of currency except gold
• Certificates.




ch,.-nts National Bank, Boston,

96.

c„trrncy, to Dpntreal.
n.

Canadian

Approvea.

Liaine Railroad Co., Bo3ton, ::!;,500 per

Boston

.oJk, Boston to CanAda.

Approved if in Canadian currncy

or Aucrican currency othir than

o1

cartifilatas.

100. North Ada_s iAtional Bank, North Adams,
nctes, and “450 Canadian 3ilver, North
Auame to -cntraal.
11

Approveu.

Unknown banker, (care Feueral Reserve Agent
Ave rovad.

Naeth) 4,000 Cunadian currency.
1C2

Farmar3 National Bank, -taone, N. Y., Canadian
alone to ,..ontreal.

currency,
103

American

41,rovad.
Now York, to :Lontreal,

pro313

Canadian currency, 4prcva.
104

York to Ottua.

roncy, N,3

4provu.

Unitou i„.)tals Sellin.7 Cc., 75C,000 c'dricee eilver,

105

worth .:7:,o,c00, New York to London.
1C)6
celona.
107

Canadian cur-

C,..nadian Bank of Comwerce,

Trenlari Suceeores, .#.22,CCO

Approved.
clu, New York to Bar-

Declined.
RoT.11 ir

of 0anau,a

:30,000 currJn,cy, San Juan

to Puerto Plata, ai:proved.if not in gold certificates.
10

i1eia, Gomez & Co.,

Barralona.




Declineu.

50,000 gold, New York to

A: t, ••••:'Li

109

Farmers Loan & Trust Co., 4220,000 gold, New York

to Barcelona, Declined.
110

Chase National bank, ,50,000 currency, Now York
ApproveU for any form except gold or

to Camaguey, Cuba.
golU certificates.
111

Equitable Trust Co., Now York, 4,725,000 go

Savannah to Barcelona.
112

Declined.

Equitable Trust Co., New York, to Cadiz, $1 5,C00

golu,
113

Equitable True L Co., N br. York, to Cauiz.

025,006

golu, Declined.
114

Equitable Trust Cc.

Pcv York to Coruna, 4125,000

gold. Declined.
115

Equitable Truet Co., Now York, to B:Arcolona, t725,000

gold. Declinsu.
116

Equitable Trust Co., No

ton to Barcelona.
117

York, $725,000 gold Calves-

Declined.

Equitable Trust Co., New York, ;725,000 golu, Norfolk

to Bilboa, Declined.
118

Equitable Trust Co., New York, ;72b,CUU co1d, Norfolk,

to bilbob. Declined.
li

Equituble Trust Co., New York,

725,00C go1:.1, Norfolk

to 1-i1bou. Declined,
120

Equitable Trust Co.

to bilboa. Declined.




New York, ;725,00U gold, Norfolk

4i7.4*

121

Equitable Trust Co.., No

York,

65U,O0O

cici, Norfolk

toBarceloa. Declined.
122

EJluitable Trust Co., New York, ::(20G,CX(,, f,clu, Calves—

ton to harcelona.
123

Equitable Trust Cc., New York,

to Barcelona..
124

Declined.
41e,000 gold, Norfolk

Declined.

National City Bank, 4150,000 go1i, to Callao, Peru,

suspended for further information.
125

Royal bank of Canada, frolL Lew York to Port of Si,ain,

,.40,000 gold. Declined.
126

Royal Bank of CanaUu, New York to Cuba and Donlinican

Republic, arunt not statod.

Approveu for shipLent in United

States currency except 6olu cortificares, reports to be made
to the Federal Reserve hank of Ne4 York.
127

Guaranty Trust Corlipany, No44 York, 000,000 gold bars,

Sr Francisco to Bombay.
128

Declined.,

J. Zaragoza, t300,000 gold, Now York to Barcelona.

Declined.
129

Equitable ri'rust Compaq, New York, :;1,000,CCO San

Francisco to Japan or India.
130

Equitable Trust Copany, Nov York, ;1,000,CC0 San

Francisco to Japan.
131

Declined.

Equitable Trust

Francisco to Japan or India.




Declined.

:;ew York,
Declined.

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It was agreed that

r, J. F. Curtis of

York be

requested to confer with' the 1..eroan iIe bu,k of the Americas
i. 1. Grace 6: Ccmpany,

and with

r1u cbtain a statement frcn,

them relative to the chief ccmL:A)ities e;cing frcm the Unite°
States to South ArLerica, anu back s ar,. thus fcruini- a ba3is
cf mutual trade.

;u

off by cur i.ro3Lnt pclic

to inquire '.,hether we are no* cutting
:,1rticaus wh_ch fcrr.,

nec ssry

of
On motion, at 4:45 P. L., th3 CcmlAttee acijøurned..

APPROVED:




Chairman.

Secretary.

bais