[General License No. 23 Under Executive Order #8389]

Total Page：16

File Type：pdf, Size：1020Kb

[General License No. 23 Under Executive Order #8389]

FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, July 16,1940 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary of the Treasury has issued the following general license (Code of Federal Regulations, Title 31, Money and Finance, Treasury, Chapter 1, Monetary Offices, Part 153): GENERAL LICENSE NO. 23 UNDER EXECUTIVE ORDER NO. 8389 of April 10, 1940, as amended, and Regulations issued pursuant thereto, relat ing to transactions in foreign exchange, etc.* “ General Licenses Nos. 1, 2, 4, 5, 9, 11, and 12, as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, are hereby further amended so that as of the date hereof there shall be substituted for the words ‘Norway, Denmark, the Netherlands, Belgium, Luxembourg, or France,’ wherever they appear in such general licenses, the words ‘Norway, Denmark, the Netherlands, Belgium, Luxembourg, France, Latvia, Estonia, or Lithuania.’ “ General License No. 12, as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, is hereby further amended by substituting a comma for the semi-colon at the end of subdivision 2 thereof and adding thereafter the following: ‘or subject to the property interests therein as of July 10, 1940, of Latvia, Estonia, or Lithuania, or any national thereof.’ D. W. BELL Acting Secretary of the Treasury” July 15, 1940 "Part 153— Sec. 5(b) 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Congress; 12 U.S.C. 95a; Ex. Order 6560, Jan. 15, 1934; Ex. Order 8389, April 10, 1940; Ex. Order 8405, May 10, 1940; Ex. Order 8446, June 17, 1940; Ex. Order 8484, July 15, 1940; Regulations, April 10, 1940, as amended May 10, 1940, June 17, 1940, and July 15, 1940. Yours very truly, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]).

Copy Link

Recommended publications

Economic Sanctions Law and Public Policy
Economic Sanctions Law and Public Policy Kern Alexander Economic Sanctions This page intentionally left blank Economic Sanctions Law and Public Policy Kern Alexander © Samuel Kern Alexander III 2009 Softcover reprint of the hardcover 1st edition 2009 978-0-230-52555-9 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2009 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978-1-349-35775-8 ISBN 978-0-230-22728-6 (eBook) DOI 10.1057/9780230227286 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources.
[Show full text]
Exiles and Constituents: Baltic Refugees and American Cold War Politics, 1948-1960
Exiles and Constituents: Baltic Refugees and American Cold War Politics, 1948-1960 Jonathan H. L’Hommedieu A dissertation submitted to the Faculty of Social Sciences of the University of Turku in fulfillment of the requirements for the degree of Doctorate of Social Sciences in the Department of Contemporary History Turku 2011 Serial: Humaniora B 338 ISBN 978-951-29-4811-6 ISSN 0082-6987 Abstract Jonathan H. L’Hommedieu: Exiles and Constituents: Baltic Refugees and American Cold War Politics, 1948-1960 This dissertation explores the complicated relations between Estonian, Latvian, and Lithuanian postwar refugees and American foreign policymakers between 1948 and 1960. There were seemingly shared interests between the parties during the first decade of the Cold War. Generally, Eastern European refugees refused to recognize Soviet hegemony in their homelands, and American policy towards the Soviet bloc during the Truman and Eisenhower administrations sought to undermine the Kremlin’s standing in the region. More specifically, Baltic refugees and State Department officials sought to preserve the 1940 non-recognition policy towards the Soviet annexation of the Baltic States. I propose that despite the seemingly natural convergence of interests, the American experiment of constructing a State-Private network revolving around fostering relations with exile groups was fraught with difficulties. These difficulties ultimately undermined any ability that the United States might have had to liberate the Baltic States from the Soviet Union. As this dissertation demonstrates, Baltic exiles were primarily concerned with preserving a high level of political continuity to the interwar republics under the assumption that they would be able to regain their positions in liberated, democratic societies.
[Show full text]
Twenty-Seventh Annual Report of the Federal Reserve Bank Of
Annual Twenty-seventhc. Report of the FEDERAL RESERVE BANK OF PHILADELPHIA 1941 Third Federal Reserve District 1ý \oft Twenty-seventh Annual Xeport of the FEDERAL RESERVE BANK OF PHILADELPHIA 1941 Third Federal Reserve District CONTENTS Page General 1 summary ".............. ..................... """. S Business conditions """"... "". ".. ..................... 10 Consumer credit "". ................................ 14 War Savings Bonds .................. Foreign 18 funds control ................................. °ney 20 rates ............................................ Banking 26 and credit conditions ......... Bank ..................... 26 reserves ........................................ Federal Bank 27 Reserve ................................. Member banks 27 ....................................... Condition banks 30 of member .............................. Deposits 31 .......................................... 32 Loans discounts and ................................... Investments 37 ......................... Capital funds 38 ....................................... Earnings 38 and expensesi. - L... .................................core rI, P A11ni-:----ymb - Ur_r IncinUC1 uaun-. .,.aJJ\ ýJ , "" ý""" -.lichr b___ of_- current banking 39 problems .................................... 40 The the analysisof bank assets approach to ............... 41 POsition banks of all member ........................... 45 Variations banks among groups of ....................... Summar 49 FederalReserveY 4 Bank Reserve .............................
[Show full text]
Exchange Control and the Conflict of Laws: an Unsolved Puzzle
EXCHANGE CONTROL AND THE CONFLICT OF LAWS: AN UNSOLVED PUZZLE By ROBERT M. CABOT t The debenture accounts of Czechoslovakia's Skoda Works for 1930 record a purchase of three of their London sterling issue bonds by Dr. Richard Weiner, Prague. This entry is a part of a story of moderate professional success, of an admixture of faith in the strength of a new nation, in its vast munitions works, and of the bitterness of centuries of persecution which, in the midst of Europe's resurging anti- Semitism, caused cautious investment. For Dr. Weiner had bought these bonds through his Prague bank, the Anglo-Prague Credit Bank, with the stipulation that the actual purchase be made by the bank's London branch to be kept there on deposit, and that no evidence of the whereabouts of this deposit be left in writing. He died in 1935, leaving his entire estate to his sister, Mrs. Frankman. , Supplemental to the inherited deposit contract stipulating that the bonds were pay- able in Prague, by the Prague bank, Mrs. Frankman received a con- ditions-of-business contract to the effect that the bonds were held for her in London and subject to English law. Mrs. Frankman escaped the Aryan wave and died in England in 1945. The administrator of her estate turned to the London branch bank for payment of the debenture deposit. Fear of retaliation against family and friends in a newly totalitarianized Russia-oriented Czecho- slovakia caused the officers of the London branch to ask for an English court order. Their defense in the subsequent litigation was that such payment would be illegal under Czechoslovakian exchange regulations, in force for two decades, requiring a license for all such payments in foreign currency by a Czechoslovakian citizen to a non-resident.
[Show full text]
Latvia-Usa Economic Relations 1918–19401
5 https://doi.org/10.22364/hssl.27.1.01 LATVIA-USA ECONOMIC RELATIONS 1918–19401 Viesturs Pauls Karnups Dr. oec. Abstract Prior to the establishment of the Latvian state in 1918, Latvian economic contacts with the USA were minimal, confined to the USA trade with Tsarist Russia. Latvia declared its independence on 18 November 1918; nevertheless, the US hesitated in recognising Latvia de iure. In economic terms, the main problem was war debts. Latvia’s war debt was set in 1925 at 5132287 dollars, which together with interest at 4 1/4 per cent, came to 5779562 dollars. The United States of America recognised the Republic of Latvia de iure on 28 July 1922. On 24 September 1925, Latvia signed an “Agreement Relating to the Funding of the Indebtedness of Latvia to the United States”. Latvia ceased repaying war debts in 1934. In the interwar years, Latvian and USA economic relations was mainly confined to foreign trade and investment although other forms of economic relations such as shipping and tourism were also important. On 1 February 1926, Latvia signed a Provisional Commercial Agreement with the USA, which contained the Baltic and Russian clause and a reciprocal clause in respect of Cuba and the Panama Canal Zone. On 20 April 1928, Latvia and the USA signed a “Treaty of Friendship, Commerce, and Consular Rights”, which contained all the provisions of the 1926 Agreement, as well as detailed provisions regarding consular rights, shipping and other provisions. This Treaty was in operation for the whole of the interwar period. In general, Latvia had a negative trade balance with the USA throughout the interwar period.
[Show full text]
Current Problems of Freezing Control
Fordham Law Review Volume 11 Issue 1 Article 22 1942 Current Problems of Freezing Control Arthur Bloch University of Greifswald Werner Rosenberg University of Breslau Follow this and additional works at: https://ir.lawnet.fordham.edu/flr Part of the Law Commons Recommended Citation Arthur Bloch and Werner Rosenberg, Current Problems of Freezing Control, 11 Fordham L. Rev. 71 (1942). Available at: https://ir.lawnet.fordham.edu/flr/vol11/iss1/22 This Comment is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Law Review by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. CURRENT PROBLEMS OF FREEZING CONTROL* ARTHUR BLOCH AND WERNER ROSENBERGt Public attention these days is being focused on the spectacular and stirring events of military actions, yet there are legal developments in the field of economic defense less dramatic but nonetheless vital to the ultimate goal, viz. the defeat of the aggressor nations. The United States of America through all its history, fighting for, economic individualism, has now been forced to create a system of limitations and restrictions on foreign financial transactions. In establishing a foreign funds control, it has equipped itself with the most important weapon in economic defense. While some European countries established foreign funds control many years ago, this country has now created a control system which, in effect, "subjects to regulation and scrutiny all transactions in which blocked countries or their nationals have any type of interest."1 But the American system did not follow the European pattern of restrictions.
[Show full text]
2016 ILARI Economic Warfare. the Western Way of Warfighting
1 «Economic Warfare» The Western Way of Warfighting by Virgilio IIari Gasoline ration stamps being inspected at the United States Bureau of Engraving and Printing in Washington, D.C., 31 January 1974 It is part of a collection donated to the Library of Congress. Per the deed of gift, U.S. News & World Report dedicated to the public all rights it held for the photographs in this collection upon its donation to the Library. 2 «Economic Warfare» The Western Way of Warfighting by Virgilio IIari A detailed chronological and bibliographical fact-finding of the most relevant treaties, agreements, political decisions, legislation, definitions, theories, public documents and scientific studies in the field of the economic and financial warfare and their tools and tactics [market penetration, trade agreements, international aid (foreign economic as- sistance), preclusive purchasing (buying), dollar diplomacy, monetary policy, world investment banking, shipping assurance, economic and financial intelligence, business intelligence, economy as statecraft, foreign economic policy, geoeconomics, national emergencies, export/import controls, foreign asset control (freeze), proclaimed listing, sanctions and countersanctions, embargos, boycott, lawfare, extraterritorial jurisdic- tion, shipping insurance, predatory pricing, dumping and antidumping, bankrupting, counterfeiting, smuggling, color revolution, human rights, responsibility to protect, blockade, bombing, sabotage, espionage, covert operations] since 1900 ongoing. Contents I Offensive Economic Warfare (1900-1945) p. 3 Phase I – Imperialism (1900-1914) p. 5 Phase II – Great War (1914-1921) p. 11 Phase III – Interwar (1919-1939) p. 19 Phase IV – Second World War (1939-1945) p. 37 II The Economic Weapons of the Cold War (1945-1991) p. 56 Phase I – Containment (1945-1962) p.
[Show full text]
Inventory of Historic Research Materials
IV^eas. Z 1249 .E9 T71 Inventory of Historic Research Materials The Treasury Library Departmental Offices • Department of the Treasury Front cover illustration: engraved portrait of Alexander Hamilton (Bureau of Engraving and Printing) 1 mi .a INTRODUCTION Til The U.S. Department of the Treasury is one of the oldest cabinet departments in the federal government. Although formally established as an executive department to manage the government's finances by the First Session of Congress in 1789, many functions of the Department of the Treasury were being carried out before the signing of the Declaration of Independence. In the two centuries since the Department was first created, its responsibilities have evolved and at times have included a wide range of activities including the enforcement of prohibition laws, collection of income taxes, the design of public buildings, and presidential protection. Accordingly, the holdings within the Treasury Library collection reflect the diverse responsibilities of the Department and provide a unique perspective of the Department's 200 year history. The idea for this inventory of historic materials was first conceived in 1996 as a way to highlight the rich history of the Treasury Department. The goal of the project was to produce a searchable database and a published inventory of the significant historic books and documents within the Treasury Library and the Office of the Curator. Included in this project were materials dating from the eighteenth century to 1945. It is the judgment of the library and curatorial staff that these materials have great scholarly value and would be of interest to researchers both inside and outside the Department.
[Show full text]
[General License No. 34 Under Executive Order #8389]
FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, October 11,1940 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary of the Treasury has issued the following general license (Code of Federal Regulations, Title 31, Money and Finance, Treasury, Chapter 1, Monetary Offices, Part 164): GENERAL LICENSE NO. 34 UNDER EXECUTIVE ORDER NO. 8389 of April 10, 1940, as amended, and Regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.* “ General Licenses Nos. 1, 2, 4, 5, 9, 11 and 12, as amended, issued under Execu tive Order No. 8389 of April 10, 1940, as amended, are hereby further amended so that as of the date hereof there shall be substituted for the words ‘Norway, Denmark, The Netherlands, Belgium, Luxembourg, France, Latvia, Estonia or Lithuania/ wherever they appear in such General Licenses, the words ‘any of the foreign coun tries designated in Executive Order No. 8389 of April 10, 1940, as amended.’ “ General License No. 12, as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, is hereby further amended by substituting the follow ing for subdivision (2) thereof: (2) In the event that any money or evidences of indebtedness or evidences of ownership of property are to be removed from such box, such access shall be permitted only in the presence of an authorized representative of a bank ing institution within the United States, which may be the lessor of such box, which receives into its custody immediately upon removal from such box the money or evidences of indebtedness or evidences of ownership of property removed from such box and which holds the same subject to the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, for the account of the lessee of such box and subject to the property interests therein as of the respective dates specified in such Order, as amended, of the foreign countries designated in such Order, as amended, or any national thereof; D.
[Show full text]
How OFAC Licensing Optimizes Holistic Sanctions
NORTH CAROLINA JOURNAL OF INTERNATIONAL LAW Volume 38 Number 3 Article 2 Spring 2013 Leveraging the Three Core Competencies: How OFAC Licensing Optimizes Holistic Sanctions Court E. Golumbic Robert S. Ruff III Follow this and additional works at: https://scholarship.law.unc.edu/ncilj Recommended Citation Court E. Golumbic & Robert S. Ruff III, Leveraging the Three Core Competencies: How OFAC Licensing Optimizes Holistic Sanctions, 38 N.C. J. INT'L L. 729 (2012). Available at: https://scholarship.law.unc.edu/ncilj/vol38/iss3/2 This Article is brought to you for free and open access by Carolina Law Scholarship Repository. It has been accepted for inclusion in North Carolina Journal of International Law by an authorized editor of Carolina Law Scholarship Repository. For more information, please contact [email protected]. Leveraging the Three Core Competencies: How OFAC Licensing Optimizes Holistic Sanctions Cover Page Footnote International Law; Commercial Law; Law This article is available in North Carolina Journal of International Law: https://scholarship.law.unc.edu/ncilj/vol38/ iss3/2 Leveraging the Three Core Competencies: How OFAC Licensing Optimizes Holistic Sanctions Court E. Golumbicf Robert S. Ruffllff I. Introduction ......................... ....... 730 II. OFAC and the Evolution of the U.S. Sanctions Regime... 735 A. Early Sanctions Efforts..... ................ 736 B. TWEA and the Office of Foreign Funds Control.......739 C. Establishment of OFAC and Cold War Anti- Communism Sanctions ................ ..... 742 D. IEEPA and the Expanding Scope of Sanctions...........745 III. Modem U.S. Sanctions Policy...................750 A. New Tricks for Old Dogs in Cuba ....... ...... 752 B. Nonproliferation from North Korea to Iran................756 C.
[Show full text]
Federal Register Volume 31 • Number 98
FEDERAL REGISTER VOLUME 31 • NUMBER 98 Friday, May 20,1966 • Washington, D.C. Pages 7329-7369 Agencies in this issue— Agriculture Department Alien Property Office Civil Aeronautics Board Civil Service Cbmmission Consumer and Marketing Service Engineers Corps Federal Aviation Agency Federal Home Loan Bank Board Federal Power Commission Federal Trade Commission Food and Drug Administration Foreign Assets Control Office Housing and Urban Development Department Indian Affairs Bureau Interstate Commerce Commission Land Management Bureau Maritime Administration National Park Service Saint Lawrence Seaway Development Corporation Securities and Exchange Commission Veterans Administration Detailed list of Contents appears inside. Just Released CODE OF FEDERAL REGULATIONS (As of January 1, 1966) "Title 7—Agriculture (Parts 945-980) (Revised) $0.70 Title 32A—National Defense, Appendix (Revised) $1.00 Title 46—Shipping (Parts 150-199) (Revised) $1.25 [A cumulative checklist of CFR issuances for 1966 appears in the first issue of the Federal Register each month under Title 11 Order from Superintendent of Documents, United States Government Printing Office, Washington, D.C. 20402 r r n r D l l HLJLJii Published daily, Tuesday through Saturday (no publication on Sundays,• Mondays, or 1 E111. II /A I j|E1 II i t 1 E l l on the day after an official Federal holiday), by the Office of the Federal Register, National “ - Archives and Records Service, General Services Administration (mail address National Area Code 202 V,1934 Phone 963—3261 Archives Building, Washington, D.C. 20408), pursuant to the authority contained in the (49 Stat. 500, as amended; 44 U.S.C., ch. 8B ), under regulations prescribed by the Admin- Federal Register Act, approved July 26, 1935 |j - — Distribution is made only by the Superintendent istrative Committee of the Federal Register, approved by the President (1 CFR Ch.
[Show full text]
Records of Organizational Units
General Records of the Department of State 39 PART II: RECORDS OF ORGANIZATIONAL UNITS Part II of this inventory describes records created and/or separately maintained within units of the Department of State or by individual officials with special assignments or duties. In some cases the records were kept by units with specialized functions, such as the Bureau of Rolls and Library, the Passport Division, and the Visa Division. In other cases the office files may duplicate records in the central files. However, because the records were maintained as reference or working papers, their arrangement differs from those in the central files, and the officials in the offices where these records were kept sometimes made notations on or attached memorandums to their copies. The records in this section are arranged alphabetically according to the name of the office or individual responsible for creating or maintaining them. Records of the Office of American Republic Affairs (Later, the Bureau of Inter-American Affairs) The Division of Latin American Affairs was created in 1909. In 1937 the name was changed to the Division of American Republics. At the same time, the Division of Mexican Affairs, which had been established in 1915, was incorporated into the Division of American Republics. In 1944 the Division became the Office of American Republic Affairs. In 1950 the Office of American Republic Affairs became the Bureau of Inter-American Affairs. These records are office records maintained by the various administrative units. RECORDS OF THE OFFICE OF AMERICAN REPUBLIC AFFAIRS, ITS PREDECESSORS, AND ITS SUCCESSORS 209. MEMORANDUMS RELATING TO INDIVIDUAL COUNTRIES.
[Show full text]