Memorandum to Elting Arnold from Robert J. Schwartz, with Attachments
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OCR Page 1 of 22CONFIDENTIAL
September 14, 1951
To:
Mr. Arnold
From:
Robert J. Schwartz
Subject: TFR-603 and 604 Reports Filed by Bank of China, New York Agency
In accordance with your request of September 7, 1951, copies or
summaries of all the TFR-603 and 604 reports filed by the Bank of China,
New York Agency are attached. Altogether, the Agency filed 93 TFR-603
forms and one TFR-604 form, the latter showing the interest of the Bank
of China, head office in its New York Branch.
The TFR-603 self-report of the Bank of China, New York Agency, shows
total assets of $30,032,676. Against these assets are the following lia-
bilities as shown by TFR-603 reports filed by Bank of China, New York
Agency for others:
Due to head office
6,972,205
Due to branch offices
10,325,876
Due to other Chinese (Mainland) & Formosan nationals
9,563,942
TOTAL
$26,862,023
The balance of $3,170,653 is assumed to consist of liabilities to
persons for whom no reports were required under the Foreign Assets
Control Regulations.
Generally, in the tabulation of census data, in order to show total
U.S. assets of Chinese nationals, only the reports by the Bank of China,
New York Agency, for the account of others are included, and the Bank of
China, New York Agency self-report is excluded. The assets of the New
York Agency, except for a difference of approximately $3 million, equal
the assets of the Chinese nationals for whom they filed reports and
inclusion of the Bank of China, New York Agency's self-report would
have resulted in counting most of the same assets twice.
TROMAN
HARRY
ARCHIVES NATIONAL RECORDS LIBRARY
DECLASSIFIED
U.S.
SERVICE
DOVERTMENT
E.O. 12065, Sec. 3-402
State Dept. Guideline, LTR. June 12, 1979
By
NLT
NARS,
CONFIDINTIAL
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