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Volume 544 A, June 30, 1942
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Volume 544 A, June 30, 1942
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Henry Morgenthau, Jr. Papers
Diaries of Henry Morgenthau, Jr.
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DIARY
Book 544-A
Inter-American Conference
June 30, 1942
Regraded UInclassified
DOCUMENTS RELATING TO WARTIME
FINANCIAL AND PROPERTY CONTROLS
OF THE UNITED STATES GOVERNMENT
INTER-AMERICAN CONFERENCE
ON SYSTEMS OF ECONOMIC
AND FINANCIAL CONTROL
JUNE 30, 1942
WASHINGTON, D.C.
DOCUMENTOS RELATIVOS A LAS MEDIDAS DE
CONTROL QUE SOBRE BIENES Y FINANZAS ESTA-
BLECE EL GOBIERNO DE LOS ESTADOS UNIDOS
EN ÉPOCA DE GUERRA
CONFERENCIA INTERAMERICANA
SOBRE SISTEMAS DE CONTROL
ECONÓMICO Y FINANCIERO
WÁSHINGTON, D. C.
30 DE JUNIO DE 1942
CONTENTS
EXECUTIVE ORDER No. 8389, as amended.
REGULATIONS, issued under Executive Order No. 8389.
PROCLAMATION, dated July 17, 1941.
TREASURY DECISIONS
T. D. 50433. Regulations-Restrioted Exportations and Importations.
T. D. 50530. Restricted exportations and importations-Procedure.
GENERAL RULINGS
No. 1. Term "Denmark" not applicable to Iceland.
No, 2. Transfer of stock certificates and custody of securities.
No. 3. Transactions regarding securities registered or inscribed in name of a designated foreign
country or national thereof.
No. 4. Definitions and rules of interpretation used in rulings, licenses, instructions, etc.
No. 5. Control of imported securities.
No. 6. Delivery of imported securities by Federal Reserve Banks to General Ruling No. 6 accounts
in domestic banks.
No. 6A. Control of certain imported currency.
No. 7. Securities coming from the Philippine Islands and the Panama Canal Zone.
No. 8. Certain payments to designated foreign countries and nationals thereof.
No. 9. General License No. 52 inapplicable to persons within Tangiers.
No. 10. Control of Philippine paper currency and securities.
No, 11. Transactions involving trade or communication with enemy nationals.
No. 12. Voiding of certain transfers.
No. 13. Hearings on requests for unblocking of accounts
GENERAL LICENSES
No. 1. Payments to blocked accounts in domestic banks.
No. 1A. Transfers of securities to blocked accounts in domestic banks.
No. 2. Entries in certain accounts for normal service charges.
No. 4. Sale of securities on & national securities exchange.
No. 5. Payments to the United States, States and Political Subdivisions.
No. 9. Commodity futures contracts.
No. 11. Payments for living, traveling and similar personal expenses in the United States.
No. 11A. Living and personal expenses of Japanese nationals in United States.
No. 12. Access to safe deposit boxes.
No. 13. Certain offices of certain Netherlands banks-generally licensed nationals.
No. 14. Certain offices of certain banks in Netherlands West Indies-generally licensed nationals.
No. 15. Transactions incident to trade between the United States and the Netherlands West Indies,
No. 18. New York Office of French American Banking Corporation-a generally licensed national.
No. 19. Certain South American, West Indian and Near Eastern Offices of certain Netherlands
banks-generally licensed nationals.
No. 20. Payments from accounts of United States citizens domiciled or residing in Netherlands West
Indies.
No. 21. Netherlands Trading Society East, Ltd., and Netherlands Trading Society East, Inc.-
generally licensed nationals.
No. 22. London and New York Offices of Banque Belge pour L'étranger (Overseas), Limited-
generally licensed nationals.
No. 25. Effect of attachment of Form TFEL-2 to securities.
No. 26. Transactions in certain American Depositary Receipts and American Shares.
No. 27. Payments of dividends and interest on, and redemption and collection of, securities.
No. 28. Individuals who are citisens of, and residing only in, United States-generally licensed
nationals.
GENERAL LICENSES (Continued).
No. 29. Application of certain general licenses to General Ruling No. 6 accounts.
No. 30. Payments from, and transactions in the administration of, certain trusts and estates.
No. 31. Collection of coupons from certain securities bearing stamps of designated foreign countries.
No. 32. Certain remittances for necessary living expenses.
No. 33. Certain remittances to United States citizens in foreign countries.
No. 34. Extension of certain general licenses to any blocked country.
No. 37. Payments from accounts of United/States citiseris fn employ of United States in foreign
countries.
No. 40. New York offices of certain Greek controlled banks-generally licensed nationals.
No. 42. Certain individuals residing in United States on February 23, 1942, and certain corporations
and other organisations-generally licensed nationals. Filling of reports on Form TFR-42,
No. 43. New York offices of certain Swiss banking institutions-generally licensed nationale,
No. 44. Roman Curia & generally licensed national.
No. 49. Transactions on behalf of, or involving property of, Sweden and its nationals.
No. 50. Transactions on behalf of Switzerland or the Banque Nationale Buisse.
No. 51. Union of Soviet Socialist Republics a generally licensed country.
No. 52. Transactions on behalf of, or involving property of, Spain and its nationals.
No. 53. Transactions incident to trade with members of "The Generally Licensed Trade Area
not involving persons named in "The Proclaimed List of Certain Blocked Nationals"
No. 54. Transactions involving property interests of China or Japan, or any national thereof, prior
to but not on or since July 26, 1941.
No. 56. Certain transactions by commercial organizations within Territory of Hawaii which are
nationals of China or Japan (Partially revoked).
No. 58. Transactions incident to trade between the United States and any part of China other
than Manchuria (Partially revoked).
No. 59. Offices of certain New York banks and certain other institutions within Hong Kong and
China, except Manchuria-generally licensed nationals (Partially revoked).
No. 60. National Government of the Republic of China and Central Bank of China-generally
licensed nationals (Partially revoked),
No. 61. Offices of certain Chinese banks outside the United States and not within any blocked
country other than China-generally licensed nationals (Partially revoked).
No. 62. Certain Chinese institutions in Washington, D. C., and in New York, N. Y.-generally
licensed nationals.
No. 66. Hawaiian offices of certain banks-generally licensed nationals (Partially revoked)
No. 68A. Japanese nationals residing continuously within Continental United States since June
17, 1940, and certain Japanese business interprises-generally licensed nationals. Reports to
be filed.
No. 69, California and Washington offices of certain Chinese and Japanese banks generally
licensed nationals (Partially revoked).
No. 70. Transactions on behalf of, or involving property of, Portugal and its nationals.
No. 71. Payment for subscriptions to United States periodicals.
No. 72. Filing and prosecution of applications for letters patent in the United States and blocked
countries-filing of reports on Form TFR-172.
No. 73. Certain Chinese partnershipe-generally licensed nationals.
No. 74. Payments for subscriptions to United States periodicals.
No. 75. Remittances through domestic banks to persons in any part of China except Manchuria
(partially revoked).
No. 76. Transactions involving property interests of Thailand, or any national thereof, prior to
but not on or since December 9, 1941.
No. 77. Japanese nationals engaged in production, marketing or distribution of food in United
States.
No. 78, Transactions involving property interests of Hong Kong, or any national thereof, prior
to but not on or since December 25, 1941.
No. 80. Philippine citisens residing only in United States or in generally licensed trade area-
generally licensed nationals.
No. 81. New York office of Philippine National Bank and certain offices of Hong Kong and Shanghai
Banking Corporation-generally licensed nationals.
Regraded, Unclassified
PUBLIC CIRCULARS
No. 1. Extension of time for filing reports on Form TFR-300.
No. 2. Certain drafts or other orders for payment not to be presented, accepted or paid except
pursuant to license.
No. 3. Transactions authorised under General Licenses Nos. 15, 53 and 58 irrespective of control
of vessel involved and prepayment of freight.
No. 4. Instructions for preparation of reports on Form TFR-300 of all foreign-owned property
subject to the jurisdiction of the United States.
No. 4A. Instructions for preparation of reports on Form TFR-300, Series J, by certain nationals
of Japan.
No. 4B. Instructions for preparation of reports on Form TFR-300, Series K, of property in which
nationals of the Philippine Islands had any interest.
No. 5. Necessity of, and applications for, specific licenses relating to patents and interests therein.
Filing of reports on Form TFR-300.
No. 6. Attachment of Form TFEL-2 to obligations issued by governments and corporations of
blocked countries.
No. 7. Remittances to individuals in any part of China, except Manchuria, under General Licenses
Nos. 32 and 33 to be effected M prescribed in paragraph (1) (c) of General License No. 75.
No. 8. Revocation of Japanese licenses and authorizations.
No. 8A. Certain general licenses, which were revoked by Public Circular No. 8, reinstated.
No. 9. Revocation of licenses and authorizations regarding certain obligations of Government of
Denmark and certain other obligors.
No. 10. Revocation and modification of certain licenses involving Hong Kong and generally
licensed trade area.
No. 11. Freezing of Philippine assets and reports on Form TFR-300 regarding such assets. Rev-
ocation of General Licenses Nos. 63 and 65 and amendment of General Licenses Nos. 13 and 75.
No. 12. Inclusion in "Proclaimed List" of names of persons within neutral European countries.
No. 13. Amendment of General Licenses Nos. 13, 14, 15, 19, 21 and 27 by deleting certain reporting
No. requirements. 14. Prohibiting purchases, without special license, for any blocked account of more than 1
percent of outstanding shares of any one issue of any corporation. Filing of Form TFR-4.
No. 15. Amendment of General Licenses Nos. 49, 50, 52 and 70, requiring reports on Forms TFR-
149 and TFER-1.
No. 16. Extension of Executive Order to British Malaya.
No. 17. General Licenses Nos. 13, 15, 20, 21 and 53 no longer applicable to Netherlands East
Indies.
No. 18. Standard of conduct which United States concerns doing business within Latin America
are required to follow with respect to transactions involving enemy nationals.
General License issued by the President under Section 3(a) of the Trading with the enemy act, as
amended.
Executive Order No. 9095, establishing the office of Alien Property Custodian.
Sections 301 and 302, First War Powers Act, 1941.
Regraded Unclassified
40 of
.04.0%
$1.0%
extend
INDICE
00.07
ORDEN EJECUTIVA No. 8389.
.16.0M
REGLAMENTOS sobre La Orden Ejecutiva.
PROCLAMA de fecha 17 de julio de 1941.
$8.0%
DECISIONES DE LA SECRETARIA DEL TESORO.
T. D. 50433.
.88.0%
T.D. 50530.
30.00
DISPOSICIONES GENERALES
30.0%
No. 1.
00.0%
No. 2.
.10,0%
No. 3.
No. 4.
20.02
No. 5.
A80.02
No. 6.
.90.07
No. 6A.
No. 7.
17.07
No. 8.
21.07
No. 9.
No. 10.
M.M.
No. 11.
ST.o%
No. 12.
No. 13.
LICENCIAS GENERALES
state
No. 1.
08.07
No. 1A.
18.0%
No. 2.
NATURAN
No. 4.
1.00
No. 5.
& oM
No. 9.
.8%
No. 11.
No. 11A.
LICENSIAS GENERALES
No. 12.
No. 13.
No. 14.
J.ok
No. 15.
8.00
No. 18.
A8.02
No. 19.
M.o%
No. 20.
No. 21.
.11.0M
No. 22.
St.o%
No. 25.
.61.0M
No. 26.
.M.o%
No. 27.
.M.oM
No. 28.
.01.0%
No. 29.
Л.ОЙ
No. 30.
.81.02
No. 31,
AT Aa M mane JA noth Adresses ADDRESS
No. 32.
as XUD NA rul A&B the
No. 33.
,0000 ,on AVITOGALS
an AMANDA ad 123 24 20 are T TOR наиогорий
LICENSIAS GENERALES-Continued.
No. 34.
No. 37.
No. 40.
No. 42.
No. 43.
LICENSIAS GENERALES
No. 44.
No. 49.
No. 50.
.0888 all изено
No. 51.
minO ad order
No. 52.
JARI db ollot ob TI assont ob AMAZON
No. 53.
are A.I 10
No. 54.
28105 ,€1 I
No. 56.
DEADE
No. 58.
INTABRYAD associal
No. 59.
1.0%
No. 60.
S.o%
No. 61.
No. 62.
And
No. 66.
3.0%
No. 68A.
20%
No. 69.
No. 70.
N.o%
No. 71.
No. 72.
2.0%
No. 73.
.01.6%
No. 74.
.H.o%
No. 75.
St.o%
No. 76.
No. 77.
No. 78.
J.S%
No. 80.
No. 81.
ALLOW
CIRCULARES PÚBLICAS
Suz
No. 1.
+ o%
No. 2.
4.0%
No. 3.
2.0%
No. 4.
-11.0%
No. 4A.
No. 4B.
national
No. 5.
21.0M
No. 6.
.61,0M
No. 7.
No. 8.
31.0%
No. 8A.
.81.0%
No. 9.
.01.0%
No. 10.
No. 11.
No. 12.
St.o%
No. 18.
No. 14.
.00M
No. 15.
No. 16.
.88.0%
No. 17.
No. 18.
.08.6%
LICENCIA GENERAL EXPEDIDA POR EL PRESIDENTE Smoun LAS DISPOSICIONES DE LA SECCIÓN 3(A) of
DE LA LEY DE COMERCIO CON EL ENEMIGO.
of
ORDEN EJECUTIVA No. 9095.
.80%
SECCIONES 201 Y 309 DE LA PRIMERA LEY BOBRE DE GUERRA DE 1941.
EXECUTIVE ORDER NO. 8389, AS AMENDED
REGULATING TRANSACTIONS IN FOREIGN EXCHANGE AND FOREIGN-OWNED PROPERTY,
PROVIDING FOR THE REPORTING OF ALL FOREIGN-OWNED PROPERTY,
AND RELATED MATTERS
By virtue of and pursuant to the authority vested in me by Section 5 (b) of the Act of
October 6, 1917 (40 Stat. 415), as amended, by virtue of all other authority vested in me, and
by virtue of the existence of a period of unlimited national emergency, and finding that this
Order is in the public interest and is necessary in the interest of national defense and security,
I, FRANKLIN D. ROOSEVELT, PRESIDENT of the UNITED STATES OF AMERICA, do prescribe
the following:
Executive Order No. 8389 of April 10, 1940, as amended, is amended to read as follows:
SECTION 1. All of the following transactions are prohibited, except as specifically
authorized by the Secretary of the Treasury by means of regulations, rulings, instruc-
tions, licenses, or otherwise, if (i) such transactions are by, or on behalf of, or pursuant
to the direction of any foreign country designated in this Order, or any national thereof,
or (ii) such transactions involve property in which any foreign country designated in this
Order, or any national thereof, has at any time on or since the effective date of this Order
had any interest of any nature whatsoever, direct or indirect:
A. All transfers of credit between any banking institutions within the United
States; and all transfers of credit between any banking institution within the United
States and any banking institution outside the United States (including any prin-
cipal, agent, home office, branch, or correspondent outside the United States, of a
banking institution within the United States);
B. All payments by or to any banking institution within the United States;
C. All transactions in foreign exchange by any person within the United States;
D. The export or withdrawal from the United States, or the earmarking of gold
or silver coin or bullion or currency by any person within the United States;
E. All transfers, withdrawals or exportations of, or dealings in, any evidences of
indebtedness or evidences of ownership of property by any person within the United
States; and
F. Any transaction for the purpose or which has the effect of evading or avoiding
the foregoing prohibitions.
SECTION 2.
A. All of the following transactions are prohibited, except as specifically author-
ized by the Secretary of the Treasury by means of regulations, rulings, instructions,
licenses, or otherwise:
(1) The acquisition, disposition or transfer of, or other dealing in, or with
respect to, any security or evidence thereof on which there is stamped or im-
printed, or to which there is affixed or otherwise attached, a tax stamp or other
stamp of a foreign country designated in this Order or a notarial or similar seal
which by its contents indicates that it was stamped, imprinted, affixed or attached
within such foreign country, or where the attendant circumstances disclose or
indicate that such stamp or seal may, at any time, have been stamped, imprinted,
affixed or attached thereto: and
(2) The acquisition by, or transfer to, any person within the United States
of any interest in any security or evidence thereof if the attendant circumstances
disclose or indicate that the security or evidence thereof is not physically situated
within the United States.
Regraded Unclassified
B. The Secretary of the Treasury may investigate, regulate, or prohibit under
such regulations, rulings, or instructions as he may prescribe, by means of licenses or
otherwise, the sending, mailing, importing or otherw bringing, directly or indirectly,
into the United States, from any foreign country, of any securities or evidences thereof
or the receiving or holding in the United States of any securities or evidences thereof
so brought into the United States. CIVIA
SECTION 3. The term "foreign country designated in this Order" means a foreign country
included in the following schedule, and the term "effective date of this Order" means with
respect to any such foreign country, or any national thereof, the date to specified in the to following supply 748
schedule:
to ai has tarratri offiting odi or AI Into)
(a) April 8, 1940 To .CI .1
Norway and
ad)
Denmark; (II lingA to OMBE m/r0 withoutH
(b) May 10, 1940- will in NA .1 Morrise
The Netherlands, odo to customer mails zd
Belgium and Ann (i) If THE - Amoid
Luxembourg; (I) Children expired you to odj of
(c) June 17, 1940 could ni viord doese 00 70
France (including Monaco);
(d) July 10, 1940- invoiced nutan US to THE THE mino led
and
lowerds
Invoice
10
Latvia, subted VOI reportal Them to BA .
Estonia and miximul YOR account albuts to lis has :-
Lithuania; goiding into citai8
(e) October Rumania; 9, 1940 TO untod
between add midDine
(f) March 4, 1941- misland of TO d ITA IT
Bulgaria; you of instruction 112
(g) March 13, 1941 4
Hungary; To GREAT wills in
(b) March Yugoslavia; 24, 1941- 11A 20
[v] to
(i) April 28, 1941-
las
Greece; stordw TO you A
(j) June 14, 1941-
Albania,
ad:
Andorra,
Korrad
belidhtony code Tu DA A
Austria, Czechoslovakia, to annoid to (10) di of lians
Danzig,
If
Amount
10 In individual TO noT OFF
Finland, Iff) YOU 202
valued
Italy, Germany TO III delive 03 TO houring
to
bedection
E
Liechtenstein, daidw
DI bestenglest as to (Plate
Portugal, Poland, his minitw
San Marino,
ymo
tada
bita
Industria
20
heads
Spain, euro of volument TO X sap res
Switzerland, and
Sweden, TO Y/JA ni Name The to
oil)
Union of Soviet Socialist Republics;
will
whother
to
coolomic
barint) ails validation
Regraded Unclassified
(k) June 14, 1941-
China, and
Japan;
(1) June 14, 1941-
Thailand;
(m) June 14, 1941-
Hong Kong.
The effective date of this Order" with respect to any foreign country not designated in this
Order shall be deemed to be June 14, 1941.
SECTION 4.
A. The Secretary of the Treasury and/or the Attorney General may require, by means
of regulations, rulings, instructions, or otherwise, any person to keep & full record of, and to
furrrish under oath, in the form of reports or otherwise, from time to time and tany time or
times, complete information relative to, any transaction referred to in section 5(b) of the
Act of October 6, 1917 (40 Stat. 415), 88 amended, or relative to any property in which any
foreign country or any national thereof has any interest of any nature whatsoever, direct or
indirect, including the production of any books of account, contracts, letters, or other papers,
in connection therewith, in the custody or control of such person, either before or after such
transaction is completed; and the Secretary of the Treasury and/or the Attorney General
may, through any agency, investigate any such transaction or act, or any violation of the
provisions of this Order.
B. Every person engaging in any of the transactions referred to in sections 1 and 2 of
this Order shall keep a full record of each such transaction engaged in by him, regardless of
whether such transaction is effected pursuant to license or otherwise, and such record shall
be available for examination for at least one year after the date of such transaction.
SECTION 5.
A. As used in the first paragraph of section 1 of this Order "transactions [which]
involve property in which any foreign country designated in this Order, or any national
thereof, has
any interest of any nature whatsoever, direct or indirect," shall
include, but not by way of limitation (i) any payment or transfer to any such foreign country
or national thereof, (ii) any export or withdrawal from the Unied States to such foreign
country, and (iii) any transfer of credit, or payment of an obligation, expressed in terms of
the currency of such foreign country.
B. The term "United States" means the United States and any place subject to the
jurisdiction thereof, and the term "continental United States" means the states of the
United States, the District of Columbia, and the Territory of Alaska; provided, however,
that for the purposes of this Order the term "United States" shall not be deemed to include
any territory included within the term "foreign country" as defined in paragraph D of this
section.
C. The term "person" means an individual, partnership, association, corporation, or
other organization.
D. The term "foreign country" shall include, but not by way of limitation,
(i) The state and the government thereof on the effective date of this Order as
well as any political subdivision, agency, or instrumentality thereof or any territory,
dependency, colony, protoctorate, mandate, dominion, possession or place subject to
the jurisdiction thereof,
(ii) Any other government (including any political subdivision, agency, or instru-
mentality thereof) to the extent and only to the extent that such government exercises
or claims to exercise de jure or de facto sovereignty over the area which on such effective
date constituted such foreign country, and
Regraded Unclassified
(iii) Any territory which on or since the effective date of this Order is controlled
or occupied by the military, naval or police forces or other authority of such foreign
country,
(iv) Any person to the extent that such person is, or has been, or to the extent
that there is reasonable cause to believe that such person is, or has been, since such
effective date, acting or purporting to act directly or indirectly for the benefit or on
behalf of any of the foregoing.
Hong Kong shall be deemed to be 8 foreign country within the meaning of this
subdivision.
E. The term "national" shall include,
(i) Any person who has been domiciled in, or a subject, citizen or resident of a
foreign country at any time on or since the effective date of this Order,
(ii) Any partnership, association, corporation or other organization, organized
under the laws of, or which on or since the effective date of this Order had or has had its
principal place of business in such foreign country, or which on or since such effective
date was or has been controlled by, or & substantial part of the stock, shares, bonds,
debentures, notes, drafts, or other securities, or obligations of which, was or has been
owned or controlled by, directly or indirectly, such foreign country and/or one or more
nationals thereof as herein defined,
(iii) Any person to the extent that such person is, or has been, since such éffective
date, acting or purporting to act directly or indirectly for the benefit or on behalf of any
national of such foreign country, and
(iv) Any other person who there is reasonable cause to believe is a "national" as
herein defined.
In any case in which by virtue of the foregoing definition a person is a national of more than
one foreign country, such person shall be deemed to be a national of each such foreign
country. In any case in which the combined interests of two or more foreign countries
designated in this Order and/or nationals thereof are sufficient in the aggregate to consti-
tute, within the meaning of the foregoing, control or 25 per centum or more of the stock,
shares, bonds, debentures, notes, drafts, or other securities or obligations of a partnership,
association, corporation or other organization, but such control or a substantial part of
such stock, shares, bonds, debentures, notes, drafts, or other securities or obligations is not
held by any one such foreign country and/or national thereof, such partnership, association,
corporation or other organization shall be deemed to be & national of each of such foreign
countries. The Secretary of the Treasury shall have full power to determine that any
person is or shall be deemed to be 'national" within the meaning of this definition, and
the foreign country of which such person is or shall be deemed to be a national. Without
limitation of the foregoing, the term "national" shall also include any other person who is
determined by the Secretary of the Treasury to be, or to have been, since such effective
date, noting or purporting to act directly or indirectly for the benefit or under the direction
of a foreign country designated in this Order or national thereof, as herein defined.
F. The term "banking institution" as used in this Order shall include any person
engaged primarily or incidentally in the business of banking, of granting or transferring
credits, or of purchasing or selling foreign exchange or procuring purchasers and sellers
thereof, as principal or agent, or any person holding credits for others as a direct or inci-
dental part of his business, or broker; and, each principal, agent, home office, branch or
correspondent tution". of any person BO engaged shall be regarded as & separate "banking insti-
G. The term "this Order", as used herein, shall mean Executive Order No. 8389 of
April 10, 1940, as amended.
Regraded Unclassified
SECTION 6. Executive Order No. 8389 of April 10, 1940, as amended, shall no longer be
deemed to be an amendment to or a part of Executive Order No. 6560 of January 15, 1934.
Executive Order No. 6560 of January 15, 1934, and the Regulations of November 12, 1934,
are hereby modified in so far as they are inconsistent with the provisions of this Order, and ex-
cept as so modified, continue in full force and effect. Nothing herein shall be deemed to re-
voke any license, ruling, or instruction now in effect and issued pursuant to Executive Order
No. 6560 of January 15, 1934, as amended, or pursuant to this Order; provided, however, that
all such licenses, rulings, or instructions shall be subject to the provisions hereof. Any amend-
ment, modification or revocation by or pursuant to the provisions of this Order of any orders,
regulations, rulings, instructions or licenses shall not affect any act done, or any suit or proceed-
ing had or commenced in any civil or criminal case prior to such amendment, modification or
revocation, and all penalties, forfeitures and liabilities under any such orders, regulations, rul-
ings, instructions or licenses shall continue and may be enforced as if such amendment, modi-
fication or revocation had not been made.
SECTION 7. Without limitation as to any other powers or authority of the Secretary of the
Treasury or the Attorney General under any other provision of this Order, the Secretary of the
Treasury is authorized and empowered to prescribe from time to time regulations, rulings, and
instructions to carry out the purposes of this Order and to provide therein or otherwise the con-
ditions under which licenses may be granted by or through such officers or agencies as the
Secretary of the Treasury may designate, and the decision of the Secretary with respect to
the granting, denial or other disposition of an application or license shall be final.
SECTION 8. Section 5 (b) of the Act of October 6, 1917, as amended, provides in part:
Whoever willfully violates any of the provisions of this subdivision or of any
license, order, rule or regulation issued thereunder, shall, upon conviction, be fined not
more than $10,000, or, if a natural person, may be imprisoned for not more than ten years,
or both; and any officer, director, or agent of any corporation who knowingly participates
in such violation may be punished by a like fine, imprisonment, or both."
SECTION 9. This Order and any regulations, rulings, licenses or instructions issued here-
under may be amended, modified or revoked at any time.
FRANKLIN D. ROOSEVELT.
THE WHITE HOUSE,
June 14, 1941.
EXECUTIVE ORDER NO. 8389, AS AMENDED-Regulating Foreign Exchange and Foreign-Owned Property
Executive Order No. 8389, as amended, is the basic freezing control regulation.
Section 1 of the Order prohibits, except under Treasury license, all transactions involving
any blocked country or blocked national. Included among the transactions prohibited are all
unlicensed foreign trade with blocked countries, unlicensed dealings in foreign exchange of
blocked countries, and unlicensed remittances to blocked countries.
Section 2 of the Order prohibits, except as licensed by the Secretary of the Treasury, all
transactions involving securities which have had stamps or seals of any nature attached to
them in any blocked country and the transfer to any person in the United States of any interest
in securities not physically situated within the United States. It also authorizes the Secretary
of the Treasury to regulate the importation of securities into the United States from any
country.
Section 3 of the Order lists the blocked countries. The list includes China and Japan, all
European countries (with the exception of Great Britain and the Union of Soviet Socialist
Republics), and any territories controlled or occupied by any blocked country.
Section 4 of the Order is a broad provision enabling the Secretary of the Treasury or the
Attorney General to require full information concerning financial dealings by any persons in
the United States, dealings and holdings in foreign property, and the activities of foreign
nationals. This section gives the Secretary of the Treasury and the Attorney General full
authority to investigate financial dealings and the affairs of foreign nationals by installing
auditors, managers, and supervisory personnel in business houses.
Section 4 (b) requires persons engaging in transactions referred to in sections 1 and 2 of the
Order to keep full records of such transactions for at least a year.
Section 5 of the Order defines the terms "foreign country" and "national" in a comprehen-
sive manner. The term "foreign country" includes all territory occupied by a country and any
person acting for a foreign country. The term "foreign national" includes any person who,
since the beginning of freezing control, has owed allegiance to or lived in a foreign country, any
organization organized under the laws of or having its principal place of business in a foreign
country, any organization which is controlled by a foreign national, any organization owing sub-
stantial sums to a foreign national or having a foreign national as an important shareholder,
any person acting for a national of a foreign country since the beginning of freezing control,
any person determined by the Secretary of the Treasury to be acting for a blocked country or
national, and any person who there is reasonable cause to believe is a national of & foreign
country. Under these broad definitions of "foreign country" and "national", the Treasury
Department has blocked the accounts and supervised the business and activities of many
American citizens.
Section 7 gives the Secretary of the Treasury power to issue regulations to carry out the
purposes of the Order and to delegate powers conferred upon him by the Order to such persons
ns he may choose.
Section 8 provides fine and imprisonment for willful violations of the Order. These sanc-
tions are in addition to the sanction which the Secretary of the Treasury may impose on violators
by virtue of his authority to treat them as nationals of blocked countries and to block their
accounts.
Section 9 provides that the Order and any documents issued thereunder may be amended,
modified, or revoked at any time.
Regraded Unclassified
ORDEN EJECUTIVA NO. 8389, SEGÚN QUEDÓ ENMENDADA-Psra reglamentar el cambio sobre el
exterior y la propledad que pertenezca a extranjeros
La Orden Ejecutiva No. 8389, según quedó enmendada, es el reglamento básico del sistema
de "congelación" 0 inmovilización de fondos.
La Sección 1 de la Orden prohibe, excepto con licencia del Tesoro, todas las transacciones
en las cuales estén afectados países o nacionales bloqueados. Quedan incluídas entre las trans-
acciones prohibidas todo comercio extranjero sin licencia con países bloqueados, operaciones sin
licencia sobre el cambio extranjero de paises bloqueados, y remesas sin licencia previa a países
bloqueados.
La Sección 2 de la Orden prohibe, excepto en virtud de licencia expedida por el Secretario
del Tesoro, toda transacción en la cual estén afectados valores que tengan sellos de cualquier
clase que les hayan sido puestos en cualquier país bloqueado, y la transferencia a cualquier
persona en los Estados Unidos de cualquier interés en valores que no estén físicamente radicados
en los Estados Unidos. También autoriza al Secretario del Tesoro a reglamentar la impor-
tación a los Estados Unidos de valores procedentes de cualquier país.
La Sección 3 de la Orden presenta una lista de los países bloqueados. La lists incluye a la
China y al Japón, a todos los países europeos (con la excepción de la Gran Bretaña y la Unión
de Repúblicas Socialistas Soviéticas), y a cualquier territorio dominado u ocupado por un país
bloqueado.
La Sección 4 de la Orden es una amplia disposición que autoriza al Secretario del Tesoro
o al Procurador General para solicitar información completa con relación a operaciones finan-
cieras realizadas por cualquier persona en los Estados Unidos, operaciones y posesión de pro-
piedad extranjera, y las actividades de nacionales extranjeros. La sección concede al Secre-
tario del Tesoro y al Procurador General autoridad plena para investigar las operaciones
financieras y los negocios de nacionales extranjeros por medio de interventores, administradores
y personal de vigilancia destacados en casas de comercio.
La Sección 4 (b) exige de toda persona que se dedique a las transacciones que se men-
cionan en las secciones 1 y 2 de la Orden que lleve una contabilidad completa de tales
transacciones durante un año por lo menos.
La Sección 5 de la Orden define los términos "país extranjero" y "nacional" de modo
amplio. El término "país extranjero" incluye todo el territorio ocupado por un país y cualquier
persona que actúe en nombre de un país extranjero. El término "nacional extranjero" incluye
cualquier persona que, desde que se estableció la inmovilización de fondos, haya prestado
fidelidad a un país extranjero o haya vivido en él; cualquier organización establecida al amparo
de las leyes de un país extranjero o que tenga su matriz en él, cualquier organización que esté
dominada por un nacional de un país extranjero, cualquier organización que adeude sumas
importantes & un nacional extranjero 0 que tenga un accionista principal que sea nacional
extranjero, cualquier persona que actúe a nombre de un nacional de un país extranjero desde
que se estableció la inmovilización de fondos, cualquier persona que, 8 juicio del Secretario del
Tesoro, actúe a nombre de un país o de un nacional bloqueado, y cualquier persona a quien haya
causa razonable para considerar nacional de un país extranjero. En virtud de estas amplias
definiciones de "pais extranjero" y de "nacional", la Secretaria del Tesoro ha bloqueado las
cuentas de muchos ciudadanos de los Estados Unidos, y ha puesto bajo vigilancia sus negocios
y sus actividades.
La Sección 7 autoriza al Secretario del Tesoro a promulgar reglamentos para realizar los
fines de la Orden y a delegar aquellos poderes que le conceda la Orden en las personas que él elija.
La Sección 8 dispone que se castigará con multa y prisión toda violación voluntaria de la
Orden. Estas sanciones serán sumadas & las sanciones que el Secretario del Tesoro imponga
a los infractores de la Orden, en virtud de su autoridad para tratarlos como nacionales de
países bloqueados y para bloquear sus cuentas.
La Sección 9 dispone que la Orden, así como cualquiera de los documentos que se han pro-
mulgado en virtud de ella, podrán enmendarse, modificarse, o revocarse en cualquier momento.
CODE OF FEDERAL REGULATIONS
TREASURY DEPARTMENT
Title 31-Money and Finance: Treasury
Chapter I-Monetary Offices, Department of the Treasury
Office of the Secretary
Part 130
June 14, 1941.
REGULATIONS* UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED.
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE AND FOREIGN-OWNED
PROPERTY, THE REPORTING OF ALL FOREIGN-OWNED PROPERTY
AND RELATED MATTERS.(*)
The Regulations of April 10, 1940, as amended (Sections 130.1 to 130.6), are amended to read as follows:
SECTION 130.1. Authority for regulations. These regulations are prescribed and issued under authority of
Section 5(b) of the Act of October 6, 1917 (40 Stat. 415), as amended, and Executive Order No. 8389 of April
10, 1940, as amended by Executive Order No. 8785 of June 14, 1941.(*)
SECTION 130.2. Definitions.
(a) The term "Order" shall refer to Executive Order No. 8389 of April 10, 1940, as amended.
(b) The term "regulations" shall refer to these regulations,
(c) The terms "property" and "property interest" or "property interests" shall include, but not by way
of limitation, money, checks, drafts, bullion, bank deposits, savings accounts, any debts, indebtedness or obliga-
tions, financial securities commonly dealt in by bankers, brokers, and investment houses, notes, debentures, stocks,
bonds, coupons, bankers' acceptances, mortgages, pledges, liens or other right in the nature of security, ware-
house receipts, bills of lading, trust receipts, bills of sale, any other evidences of title, ownership or indebtedness,
goods, wares, merchandise, chattels, stocks on hand, ships, goods on ships, real estate mortgages, vendors' sales
agreements, land contracts, real estate and any interest therein, leaseholds, ground rents, options, negotiable
instruments, trade acceptances, royalties, book accounts, accounts payable, judgments, patents, trademarks, copy-
rights, contracts or licenses affecting or involving patents, trademarks or copyrights, insurance policies, safe
deposit boxes and their contents, annuities, pooling agreements, contracts of any nature whatsoever, et cetera.
(d) Safe deposit boxes shall be deemed to be in the "custody" not only of all persons having access thereto
but also of the lessors of such boxes whether or not such lessors have access to such boxes. The foregoing shall
not in any way be regarded as a limitation upon the meaning of the term "custody".
(e) For the meaning of other terms reference should be made to the definitions contained in the Order.
In interpreting rulings, licenses, instructions, etc., issued pursuant to the Order and regulations, particular atten-
tion is directed to the provisions of General Ruling No. 4, as from time to time hereafter amended.(*)
SECTION 130.3. Licenses. Applications for licenses to engage in any transaction referred to in sections 1 or
2 of the Order shall be filed in triplicate with the Federal Reserve Bank of the District or the Governor or High
Commissioner of the territory or possession of the United States in which the applicant resides or has his prin-
cipal place of business or principal office or agency, or if the applicant has no legal residence or principal place
of business or principal office or agency in a Federal Reserve district or a territory or possession of the United
States then with the Federal Reserve Bank of New York or the Federal Reserve Bank of San Francisco. Appli-
cation forms may be obtained from any Federal Reserve Bank, the Governor or High Commissioner of a territory
or possession of the United States, or the Secretary of the Treasury, Washington, D. C. The original of each
application shall be executed under oath before an officer authorized to administer oaths, or if executed outside
of the United States, before a diplomatic or consular officer of the United States. The applicant shall furnish
such further information as shall be requested of him by the Secretary of the Treasury or the Federal Reserve
Bank or other agency at which the application is filed. Licenses will be issued by the Secretary of the Treasury,
acting directly or through any officers or agencies that he may designate, and by the Federal Reserve Banks,
acting in accordance with such regulations, rulings, and instructions as the Secretary of the Treasury may from
time to time prescribe, in such cases or classes of cases as the Secretary of the Treasury may determine. The
Federal Reserve Bank or other agency at which an application is filed will advise the applicant of the decision
respecting the application. Licenses for exports, withdrawals or imports, after having been cancelled by the
collector of customs or the postmaster through whom the exportation, withdrawal or importation was made, may
be returned by such collector of customs or postmaster to the licensee. Appropriate forms for applications and
licenses will be prescribed by the Secretary of the Treasury. Licensees may be required to file reports upon the
consummation of the transactions. The decision of the Secretary of the Treasury with respect to an application
for license shall be final.(*)
Sections 130.1 to 130.7:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940,
as amended by Ex, Order No. 8785, June 14, 1941.
SECTION 130.4. Reports of Property Interests of All Foreign Countries and Nationals Thereof.
(a) On or before July 14, 1941, reports shall be filed on Form TFR-300, duly executed under oath, COD
taining the information called for in such Form, with respect to all property subject to the jurisdiction of the
United States on the opening of business on June 1, 1940, and with respect to all property subject to the juris
diction of the United States on the opening of business on June 14, 1941, in which on the respective dates any
foreign country or any national thereof had any interest of any nature whatsoever, direct or indirect, regardless
of whether a report on Form TFR-100 with respect to any such property shall have previously been filed. Such
reports shall be filed by:
(1) Every person in the United States, directly or indirectly holding, or having title to, or custody,
control or possession of such property on either or both of the aforementioned respective dates.
(2) Every agent or representative in the United States for any foreign country or any national thered
having any information with respect to such property.
Provided, That no report on Form TFR-300 need be filed where the total value of all property interests of any
foreign country or national to be reported is less than $1,000.
Without any limitation whatsoever of the foregoing, reports on Form TFR-300, filed as required above,
shall be filed by every partnership, trustee, association, corporation, or other organization organized under the
laws of the United States or any state, territory, or district of the United States or having its principal place of
business in the United States, with respect to any shares of its stock or any of its debentures, notes, bonds,
coupons or other obligations or securities or any equity therein, in which any foreign country or any national
thereof had on either or both of the aforementioned respective dates, any interest of any nature whatsoever, direct
or indirect.
(b) Reports shall be executed and filed in quadruplicate with the Federal Reserve Bank of the district or
the Governor or High Commissioner of the territory or possession of the United States in which the party filing
the report resides or has his principal place of business or principal office or agency, or if such party has no legal
residence or principal place of business or principal office or agency in a Federal Reserve district or a territory or
possession of the United States, then with the Federal Reserve Bank of New York or the Federal Reserve Bank
of San Francisco. A report shall be deemed to have been filed when it is received by the proper Federal Reserve
Bank or other agency or when it is properly addressed and mailed and bears a postmark dated prior to midnight
of the date upon which the report is due. Each Federal Reserve Bank or other agency shall promptly forward
three copies of every report filed with it to the Secretary of the Treasury.
(c) (1) All spaces in the report must be properly filled in. Reports found not to be in proper form, or
lacking in essential details, shall not be deemed to have been filed in compliance with the Order.
(2) Where space in the report form does not permit full answers to questions, the information required
may be set forth in supplementary papers incorporated by reference in the report and submitted therewith
Supplementary documents and papers must be referred to in the principal statement in chronological or
other appropriate order and be described in such manner that they can be identified.
(d) A separate report under oath must be filed by each person required to file a report except that person
holding property jointly may file a joint report.
(e) The Secretary of the Treasury may, in his discretion, grant such extensions of time or exemptions as be
deems advisable for the making of any or all of the reports required by these regulations.
(f) Report Form TFR-300 may be obtained from any Federal Reserve Bank, the Governor or High
Commissioner of a territory or possession of the United States, or the Secretary of the Treasury, Washington,
D. C.(*)
SECTION 130.5. Penalties. Section 5(b) of the Act of October 6, 1917, as amended, provides in part:
Whoever willfully violates any of the provisions of this subdivision or of any license, order, rule
or regulation issued thereunder, shall, upon conviction, be fined not more than $10,000, or, if a natural
person, may be imprisoned for not more than ten years, or both; and any officer, director, or agent of any
corporation who knowingly participates in such violation may be punished by a like fine, imprisonment, or
both."(*)
SECTION 130.6. These regulations and any rulings, licenses, or instructions issued hereunder shall not be
deemed to authorize any transaction prohibited by reason of any other law, proclamation, order or regulation.
SECTION 130.7. Amendment, Modification, or Revocation. These regulations and any rulings, licenses,
instructions, or forms issued hereunder may be amended, modified, or revoked at any time. (*)
HENRY MORGENTHAU, JR.
APPROVED: June 14, 1941.
Secretary of the Treasury.
FRANKLIN D. ROOSEVELT
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
AMENDMENT TO REGULATIONS*
The Regulations of April 10, 1940, as amended (Sections 130.1 to 130.7), are hereby
amended so that reports on Form TFR-300 shall be filed with respect to all property sub-
ject to the jurisdiction of the United States on the opening of business on July 26, 1941, as
well as with respect to all property subject to the jurisdiction of the United States on the
opening of business on June 1, 1940, and with respect to all property subject to the juris-
diction of the United States on the opening of business on June 14, 1941, in which on the
respective dates China or Japan or any national thereof had any interest of any nature
whatsoever, direct or indirect. Such reports shall be filed by the persons specified in
Section 130.4 of the regulations and in the manner prescribed in the regulations.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
APPROVED: July 26, 1941.
FRANKLIN D. ROOSEVELT
Sections 130.1 to 130.7;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order
8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941.
Regraded Unclassified
REGULATIONS UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED-Relating to Transactions in
Foreign Exchange and Foreign-owned Property
These regulations define various terms used throughout the freezing control documents;
prescribe the method for obtaining licenses to engage in transactions prohibited by Executive
Order No. 8389, as amended; provide for the reporting of foreign-owned property; and set forth
certain penalties for violating the Order or any rule issued under the Order.
The most important definition is that of "property" which is defined to include all property
of any kind, including all documents evidencing or transferring property interests.
The regulations prescribe the following method for obtaining licenses:
(1) The applicant obtains license application blanks from the Treasury Department or
from one of its field agencies which administer Foreign Funds Control. The field agencies of
the Treasury Department which administer Foreign Funds Control are the Federal Reserve
Banks and the Governors and High Commissioners of the United States territories and
possessions.
(2) The applicant files a license application in triplicate with the field agency of the
Treasury Department administering Foreign Funds Control in the area in which the applicant
resides or does his main business. In the event that the applicant neither resides nor does his
main business in the United States, the application is filed with the Federal Reserve Bank of
New York or with the Federal Reserve Bank of San Francisco.
(3) Applications must be executed under oath. To avoid unnecessary notary fees, the
Treasury Department has modified this regulation by permitting banks to file unsworn applica-
tions. This relaxation of requirements was possible since under United States law a person
who gives false information to the United States may be criminally liable, even though such
information was not given under oath.
(4) Applicants must furnish additional information on request.
(5) Licenses may be issued by the Treasury Department or by its field agencies acting
under the directions of the Treasury Department.
(6) The Treasury Department's decision on a license application is final.
The regulations provide for the filing of reports concerning foreign holdings of property
in the United States. Reports must be filed in quadruplicate on Treasury Form TFR-300
with the field agencies of the Treasury Department which administer Foreign Funds Control.
The regulations require reports concerning property in the United States in which any foreign
country or national, whether blocked or not, had any interest on June 1, 1940, or on June 14,
1941.
A report must be filed by anyone in the United States having any control of or interest in
any such property. Any business organization which issued any securities to a foreign national
must report such issue. No report is required by any person holding less than $1,000 in the
United States for a particular foreign country or foreign national.
The regulations provide that willful violators of freezing control shall be fined, imprisoned,
or both. They also provide that no freezing control license permits any act illegal under any
law other than the laws relating to freezing control.
The power is reserved to amend, modify, or revoke the regulations at any time.
Regraded Unclassified
REGLAMENTOS EXPEDIDOS EN VIRTUD DE LA ORDEN EJECUTIVA NO. 8389, SEGÚN QUEDÓ
ENMENDADA-Co relación 8 las transacciones en divisas extranjeras y a la propledad de extranjeros
Estos reglamentos definen varios términos que se emplean en todos los documentos sobre la
inmovilización de fondos; prescriben el procedimiento 8 seguir para obtener licencias con el
objeto de efectuar transacciones que estén prohibidas por la Orden Ejecutiva No. 8389, según
quedó enmendada; disponen el modo de informar sobre la propiedad de extranjeros; y establecen
ciertãs sanciones para los que infrinjan la Orden o cualquier reglamento promulgado en virtud
de ella.
La definición más importante es la que se refiere B la "propiedad", la eual queda definida
para que incluya bienes de cualquier naturaleza, incluso todos los documentos que comprueben
o transfieran título sobre dichos bienes.
Los reglamentos prescriben el siguiente método de obtener licencias:
(1) El solicitante obtiene formas en blanco para solicitar la licencia en la Secretaria del
Tesoro o en una de las agencias que administran el Control de Fondos Extranjeros. Las agencias
de la Secretaría del Tesoro que administran el Control de Fondos Extranjeros son los Bancos de
la Reserva Federal y los Gobernadores y Altos Comisionados de los territorios y posesiones de
los Estados Unidos.
(2) El solicitante somete su solicitud de licencia en triplicado a la agencia de la Secretaría
del Tesoro que administre el Control de Fondos Extranjeros en la región donde dicho solicitante
resida o conduzea sus negocios. En el caso de que el solicitante ni resida ni conduzca su negocio
principal en los Estados Unidos, se someterá la solicitud al Banco de la Reserva Federal en
Nueva York o al Banco de la Reserva Federal en San Francisco.
(3) Deberá prestarse juramento al legalizar la solicitud. Para ahorrar al solicitante el
pago de honorarios de notario, la Secretaría del Tesoro ha modificado este reglamento en el
sentido de permitir a los bancos que sometan solicitudes sin juramento. Esta liberalización
de los requisitos fué factible debido a que, de acuerdo con las leyes de los Estados Unidos,
toda persons que suministre información falsa al Gobierno de los Estados Unidos puede ser
encausada criminalmente, aun cuando no se suministre dicha información bajo juramento.
(4) Los solicitantes deberán suministrar cualquier información adicional que se les pida.
(5) Podrán expedir licencias la Secretaría del Tesoro o sus agencias, actuando de acuerdo
con instrucciones de la Secretaría del Tesoro.
(6) No podrá apelarse de la decisión que la Secretaría del Tesoro tome con relación a
cualquier licencia.
Los reglamentos disponen el modo de someter informes con relación a propiedades de
extranjeros radicadas en los Estados Unidos. Los informes deben someterse en cuadruplicado,
en un formulario de la Secretaría del Tesoro (Treasury Form TFR-300), a las agencias de Is
Secretaría del Tesoro que administran el Control de Fondos Extranjeros. Los reglamentos
exigen que se sometan informes con relación a aquellas propiedades en los Estados Unidos en
las cuales tuviera interés algún país o nacional extranjero, ya fuere bloqueado 0 no, el primero
de junio de 1940, 0 el 14 de junio de 1941.
Rendirá informe todo el que en los Estados Unidos tenga control o interés alguno en dicha
propiedad. Cualquier organización comercial que haya expedido valores a un nacional extran-
jero deberá informar el hecho. No tendrá que rendir informe la persons que tenga menos de
$1,000 en los Estados Unidos a nombre de un país extranjero o de un nacional extranjero.
Los reglamentos disponen que a los que voluntariamente infrinjan las disposiciones sobre
la inmovilización de fondos se les impondrá mults, prisión, o ambas penas. También disponen
que ninguna licencia expedida de acuerdo con dichas disposiciones autoriza acto alguno que sea
ilícito de acuerdo con otras leyes que no sean las de control de la inmovilización de fondos.
Queda reservada la facultad de enmendar, modificar, o revocar los reglamentos en cual-
quier tiempo.
Regraded Unclassified
AUTHORIZING ^ PROCLAIMED LIST OF CERTAIN BLOCKED NATIONALS
AND CONTROLLING CERTAIN EXPORTS
BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
A PROCLAMATION
I, FRANKLIN D. ROOSEVELT, President of the United States of America, acting
under and by virtue of the authority vested in me by Section 5(b) of the Act of October 6,
1917 (40 Stat. 415) as amended and Section 6 of the Act of July 2, 1940 (54 Stat. 714) as
amended and by virtue of all other authority vested in me, and by virtue of the existence
of a period of unlimited national emergency and finding that this Proclamation is necessary
in the interest of national defense, do hereby order and proclaim the following:
Section 1. The Secretary of State, acting in conjunction with the Secretary of the
Treasury, the Attorney General, the Secretary of Commerce, the Administrator of Export
Control, and the Coordinator of Commercial and Cultural Relations between the Ameri-
can Republics, shall from time to time cause to be prepared an appropriate list of
(a) certain persons deemed to be, or to have been acting or purporting to act,
directly or indirectly, for the benefit of, or under the direction of, or under the juris-
diction of, or on behalf of, or in collaboration with Germany or Italy or a national
thereof; and
(b) certain persons to whom, or on whose behalf, or for whose account, the
exportation directly or indirectly of any article or material exported from the United
States, is deemed to be detrimental to the interest of national defense.
In similar manner and in the interest of national defense, additions to and deletions
from such list shall be made from time to time. Such list and any additions thereto or dele-
tions therefrom shall be filed pursuant to the provisions of the Federal Register Act and
such list shall be known as "The Proclaimed List of Certain Blocked Nationals".
Section 2. Any person, as long as his name appears in such list, shall, for the purpose
of Section 5(b) of the Act of October 6, 1917, as amended, and for the purpose of this
Proclamation, be deemed to be a national of a foreign country, and shall be treated for all
purposes under Executive Order No. 8389, as amended, as though he were a national of
Germany or Italy. All the terms and provisions of Executive Order No. 8389, as amended,
shall be applicable to any such person so long as his name appears in such list, and to any
property in which any such person has or has had an interest, to the same extent that such
terms and provisions are applicable to nationals of Germany or Italy, and to property in
which nationals of Germany or Italy have or have had an interest.
Section 3. The exportation from the United States directly or indirectly to, or on
behalf of, or for the account of any person so long as his name appears on such list of any
article or material the exportation of which is prohibited or curtailed by any Proclamation
heretofore or hereafter issued under the authority of Section 6 of the Act of July 2, 1940, as
amended, or of any other military equipment or munitions, or component parts thereof, or
machinery tools, or material, or supplies necessary for the manufacture, servicing, or
operation thereof, is hereby prohibited under Section 6 of the Act of July 2, 1940, as
amended, except (1) when authorized in each case by a license as provided for in Proclama-
tion No. 2413 of July 2, 1940, or in Proclamation No. 2465 of March 4, 1941, as the case
may be, and (2) when the Administrator of Export Control under my direction has deter-
mined that such prohibition of exportation would work an unusual hardship on American
interests.
Section 4. The term "person" as used herein means an individual, partnership,
association, corporation or other organization.
The term "United States" as used herein means the United States and any place sub-
ject to the jurisdiction thereof, including the Philippine Islands, the Canal Zone, and the
District of Columbia and any other territory, dependency or possession of the United States.
Section 5. Nothing herein contained shall be deemed in any manner to limit or restrict
the provisions of the said Executive Order No. 8389, as amended, or the authority vested
thereby in the Secretary of the Treasury and the Attorney General. So far as the said
Executive Order No. 8389, as amended, is concerned, The Proclaimed List of Certain
Blocked Nationals", authorized by this Proclamation, is merely a list of certain persons
with respect to whom and with respect to whose property interests the public is speci-
fically put on notice that the provisions of such Executive Order are applicable; and the
fact that any person is not named in such list shall in no wise be deemed to mean that
such person is not a national of a foreign country designated in such Order, within the
meaning thereof, or to affect in any manner the application of such Order to such person
or to the property interests of such person.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the
United States of America to be affixed.
Done at the City of Washington this 17 day of July, in the year of our Lord nineteen
hundred and forty-one, and of the independence of the United States of America the one
hundred and sixty-sixth.
FRANKLIN D. ROOSEVELT
By the President:
SUMNER WELLES,
Acting Secretary of State.
Regraded
PROCLAMATION NO. 2497-Authorizing a Proclaimed List of Certain Blocked Nationals and Controlling
Certain Exports
This Proclamation directs the Secretary of State, acting with the Secretary of the Treasury,
the Attorney General, the Secretary of Commerce, the Administrator of Export Control
(Board of Economic Warfare) and the Coordinator of Inter-American Affairs to prepare a. list
of persons acting for the benefit of Germany or Italy. This list shall also include any other
persons to whom exportation of materials is contrary to the interests of the United States.
Persons whose names appear on the list are to be treated as nationals of Germany or Italy for
all purposes under the freezing control Order. The exportation of strategic and critical
materials to such persons is prohibited except as licensed by the Administrator of Export Control
(Board of Economic Warfare).
PROCLAMA NO. 2497-Que Autoriza la "Lista Proclamada de Clertos Nacionales Bloqueados" , Regula
Clertas Exportaciones
Esta Proclama instruye al Secretario de Estado, en unión del Secretario del Tesoro, del
Procurador General, del Secretario de Comercio, del Administrador del Control de Exportación
(Junta de la Guerra Económica) y del Coordinador de Asuntos Interamericanos, para que
preparen una lista de personas que actúen en beneficio de Alemania y de Italia. Esta lista
incluirá también cualquiera otra persona para quien la exportación de materiales pueda resultar
en perjuicio de los Estados Unidos. Se tratará como nacionales de Alemania o Italia a las
personas cuyos nombres aparezcan en la lista, para todos los fines de la Orden que controla la
inmovilización de foncios. Se prohibe la exportación de materiales estratégicos y críticos a
aquellas personas, excepto si se obtiene licencia del Administrador del Control de Exportaciones
(Junta de la Guerra Económica).
Regraded Unclassified
(T. D. 50433)
REGULATIONS-RESTRICTED EXPORTATIONS AND IMPORTATIONS
ENFORCEMENT OF RESTRICTIONS ON IMPORTS AND EXPORTS SUBJECT TO THE PROVISIONS
OF THE PRESIDENT'S PROCLAMATION OF JULY 17. 1941, REGARDING "BLOCKED NATIONALS"
TREASURY DEPARTMENT, July 22, 1941.
To Collectors of Customs and Others Concerned:
The following regulations are hereby prescribed to give effect to the President's proclama-
tion of July 17, 1941, authorizing the publication of "The Proclaimed List of Certain Blocked
Nationals" and the list promulgated pursuant to that proclamation:
(1) In respect of all merchandise intended for exportation after July 27, 1941, there
shall be submitted with each export declaration & list or statement showing the name and
address of each ultimate consignee of the merchandise, unless such names and addresses
are set forth in the appropriate export declaration. If the ultimate consignee, consignor,
shipper or other person having an interest in the merchandise or in the transaction is
named in "The Proclaimed List of Certain Blocked Nationals", the exportation shall not
be permitted except upon presentation of a license issued pursuant to Executive Order
No. 8389, as amended, or instructions from the Treasury Department authorizing the
transaction.
(2) With respect to importations of merchandise in which any person named in the
Proclaimed List appears to have an interest as consignor, seller, shipper, or otherwise,
the acceptance of entries for consumption and withdrawals from warehouse for consump-
tion in respect of such merchandise tendered after July 27, 1941, shall be withheld pending
presentation of a license issued pursuant to Executive Order No. 8389, as amended, or
instructions from the Treasury Department authorizing the transaction.
(3) These regulations do not affect in any way the necessity for a license under the
Export Control Act of July 2, 1940. Neither an export control license nor a license under
Executive Order No. 8389, as amended, will be accepted in lieu of the other type of license.
(4) Nothing in paragraphs (1) and (2) above shall be deemed to excuse any person
from the necessity of obtaining a license in accordance with Executive Order No. 8389,
as amended, and the proclamation of July 17, 1941, covering importations from or exporta-
tions to any person whose name appears on "The Proclaimed List of Certain Blocked
Nationals".
E. H. FOLEY, JR.,
Acting Secretary of the Treasury.
Regraded Unclassified
T. D. 50433-Ultimate Consignees of Exports: Control of Shipments to or from Persons on the Proclaimed List
T.D. 50433 instructs customs officials to prevent the importation or exportation of goods
in which persons whose names appear on the Proclaimed List have an interest, unless such
shipments are licensed by the Treasury Department.
T. D. 50433 requires exporters to disclose the ultimate consignees of exports from the
United States.
An export to a person whose name appears on the Proclaimed List may require a license
from the Administrator of Export Control (Board of Economic Warfare) as well as a license
from the Treasury Department.
T. D. 50433-Destinatarios finales de las exportaciones; control de embarques con destino a, o procedentes
de, personas que aparecen en la Lista Proclamada
La Decisión del Tesoro 50433 instruye & los funcionarios de aduanas para que impidan la
importación o exportación de mercancía en la cual estén interesadas personas cuyos nombres
figuren en la Lista Proclamada, & menos que tales embarques sean autorizados por la Secretaría
del Tesoro.
T.D. 50433 exige a los exportadores que revelen los nombres de los destinatarios finales
de las exportaciones procedentes de los Estodos Unidos.
Para exportar mercancia a una persona cuyo nombre aparezca en la Lista Proclamada
podrá requerirse tanto una licencia del Administrador del Control de Exportaciones (Junta de
la Guerra Económica) como una licencia de la Secretaría del Tesoro.
(Inde
(T. D. 50530)
RESTRICTED EXPORTATIONS AND IMPORTATIONS PROCEDURE
TREASURY DEPARTMENT, December 17, 1941.
To Collectors of Customs and Others Concerned:
The following instructions are hereby prescribed and shall be followed by you in enforcing
Executive Order No. 8389, April 10, 1940, as amended:
(1) [Sec. 26.11] Whenever presentation of a special license issued pursuant to Executive
Order No. 8389, as amended, is required upon the entry, withdrawal, or exportation of mer-
chandise, two extra legible copies of the entry, withdrawal, or export declaration shall be filed
with the collector of customs at the port where the transaction is to take place. Each copy
of any such entry, withdrawal, or export declaration, including the two extra copies, shall
bear plainly on its face the number of the license pursuant to which it is filed.
(2) [Sec. 26.12] The original copy of the special license shall be presented to the collector
in respect of each such transaction and shall bear a notation in ink by the licensee or person
presenting the license showing the description, quantity, and value of the merchandise to be
entered, withdrawn, or exported. This notation should be 80 placed and 80 written that
there will exist no possibility of confusing it with anything placed on the license at the time of
its issuance. If the license in fact authorizes the entry, withdrawal, or exportation the col-
lector, or other authorized customs employee, shall verify the notation by signing or initialing
it after first assuring himself that it accurately describes the merchandise it purports to repre-
sent. The license shall thereafter be returned to the person presenting it and the two extra
copies of the entry, withdrawal, or export declaration shall be forwarded to the Federal Reserve
Bank which issued the license pursuant to which they were filed.
(3) [Sec. 26.13] The collector of customs at any port at which merchandise is to be entered,
withdrawn, or exported pursuant to the terms of some special license may waive the require-
ment of presentation of the original copy of such license provided that:
(a) The person presenting the entry, withdrawal, or export declaration presents to
the collector an affidavit stating:
(i) facts indicating that it would create great and unreasonable hardship for him
to present the original copy of the license, and
(ii) that the entry, withdrawal, or exportation is one of the large number which
are to be made pursuant to the same license, and
(iii) that all the entries, withdrawals, or exportations are to be made at the same
port; and
(b) The collector receiving such an affidavit is satisfied that the circumstances in
fact warrant the waiver; and
(c) There is presented to the collector either & photostatic copy of the original license
or a copy of the license signed by the officer who issued and signed the original.
If such waiver is granted, the collector shall retain the copy of the license presented to
him and shall note on it, or cause to be noted on it, the description, quantity, and value of all
merchandise entered, withdrawn, or exported from time to time pursuant to the authority
therein contained.
Regraded Unclassified
When such waiver is granted and all the merchandise authorized to be entered, withdrawn,
or exported under a special license has been entered, withdrawn, or exported, the copy of the
license on file with the collector shall be endorsed to indicate this fact and shall be forwarded
to the Federal Reserve Bank which issued the license. When & license expires, unless it is
renewed and the collector is advised of its renewal, any copy thereof which is on file with the
collector shall be endorsed to show the expiration and shall be forwarded to the Federal Reserve
Bank which issued the license.
(05202 .Cf .T)
(4) [See. 26.14) The requirement that two extra copies of each entry, withdrawal, or export
declaration be filed in connection with every transaction under a special license shall remain in
effect notwithstanding any waiver of the requirement of presenting the original copy of the
license.
union
T. D. 50433 issued on July 22, 1941 (6 F. R. 3672), is amended as follows: garwollot
odT
Paragraph bi 3 (19 C. F. R. 26.3) is deleted.
Paragraphs 4 and 5 (19 C. F. R. 26.5 and 26.6) are renumbered 3. and 4 (19 C.F. R. 26.3
and 26.4) respectively.
boll
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Unclassifi
T. D. 50530-Cuntoma Procedure in Handling Cases in which a Treasury Department License must be
Presented Before Goods WIII be Released From Customs Custody
This regulation prescribes customs procedure in any case in which a specific Treasury De-
partment license must be presented to the customs official in charge of a port before he will
permit goods to be forwarded.
Any person seeking to forward through customs goods for which a Treasury license is re-
quired must file with the customs official at the port of forwarding two extra copies of all customs
documents relating to such forwarding. On each copy there must be written the number of the
license authorizing the forwerding. These copies are sent to the Federal Reserve Bank which
issued the license and are used by the bank as a record of the manner in which the license has
been used.
In addition, a person seeking to forward through customs goods for which a Treasury
license is required must present the original of such license to the customs official at the port
of forwarding. If such official is satisfied that the license authorizes the shipment, he permits
the goods to be forwarded and notes on the license the extent to which it has been exhausted
by such forwarding.
The customs official in charge of 8 port has discretion in cases of great hardship to forward
any goods for which a Treasury license is required if he is supplied a photostatic copy of the
license or a copy signed by the Federal Reserve Bank officer who issued the original of the li-
cense. In such cases, the customs official retains the copy presented, notes thereon the details
of any shipments through his port under the license, and when the license is exhausted by
shipments through his port or by expiration of its time limit forwards such copy to the Federal
Reserve Bank which issued the license.
T. D. 50530-Procedimiente aduanero en Is tramitación de casos en que se debe presentar una licencia de la
Secretaría del Tesoro antes que se permita retirar la mercancía de Is aduans
Este reglamento prescribe el procedimiento aduanero en los casos en que debe presentarse
una licencia específica de la Secretaría del Tesoro al funcionario aduanero encargado del puerto
en cuestión antes que se permita el despacho de la mercancía.
Toda persona que quiera despachar por la aduana mercancías para las que se exija una
licencia del Tesoro, deberá presentar ante el funcionario aduanero del puerto de despacho dos
copias extra de todos los documentos aduaneros relativos al embarque. En cada copia deberá
hacerse constar el número de la licencia que autoriza el despacho. Estas copias se remitirán
al Banco de la Reserva Federal que expidió la licencia, y las utilizará el banco como comproba-
ción de la forms en que se hizo uso de la licencia.
Además, la persona que quiera despachar por la aduana mercancías para las que se exija
una licencia del Tesoro, deberá presentar la licencia original al funcionario aduanero en el
puerto de embarque. Si la licencia autoriza el embarque, a juicio del susodicho funcionario,
éste permitirá entonces el despacho de la mercancía y anotará en la licencia el grado en que tal
envío agota la licencia.
El funcionario aduanero 8 cargo de un puerto tendrá poderes para actuar a discreción en
aquellos casos en que pudieren causarse grandes perjuicios, y los podrá usar para permitir el
embarque de aquellas mercancías que requieran una licencia del Tesoro siempre que se le
presente una copia fotostática de la licencia o una copia firmada por el funcionario del Banco
de la Reserva Federal que expidió la licencia original. En tales casos, el funcionario aduanero
retiene la copia presentada, y anota en la misma los datos de embarque, bajo Is licencia, que se
efectden por el puerto a su cargo, y cuando la licencia expire en virtud de los embarques efectua-
dos pòr el puerto & su cargo o porque haya expirado el plazo de su validez, la remitirá al Banco
de la Reserva Federal que la expidió,
Regraded Unclassified
GENERAL RULING NO. 1 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940,
AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO
TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
The Secretary of State has advised me as follows:
"Denmark and Iceland are two separate political entities. Acting under the authority of a
provision of the Icelandic Constitution the Icelandic Parliament has within the past few days
passed a resolution stating that since the King of Iceland is not now in a position to carry
out his Constitutional duties with respect to Iceland, the Icelandic Government has assumed
for the time being the exercise of the Royal prerogatives and the entire control of Icelandic
foreign relations.
"In view of the foregoing it would not appear that Iceland falls within the definition of
the term 'Denmark' in Section 11 of the above-mentioned Executive Order."
In view of the foregoing, the Treasury Department construes the term "Denmark" as used
in the above-mentioned Executive Order and Regulations as not applying to Iceland.
H. MORGENTHAU, JR.
Secretary of the Treasury
Dated April 15, 1940
Regraded Unclassified
GENERAL RULING NO. 1-Iceland not Blocked
Iceland is not considered blocked as a part of Denmark.
DISPOSICIÓN GENERAL NO. 1-Islandia no queda bloqueada
No se considerará a Islandia bloqueada, como parte de Dinamarca.
GENERAL RULING NO. 2 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940,
AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO
TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
Inquiry has been made as to whether the following are prohibited by the Executive Order and
the Regulations issued thereunder except under license:
(a) The transfer by a banking institution within the United States of stock certificates from
or into the names of "nationals" of Norway or Denmark; and
(b) The delivery out of custody accounts or the receipt in custody accounts, by a banking
institution within the United States, of securities held or to be held in custody for "nationals" of
Norway or Denmark.
The Treasury Department construes the Executive Order and Regulations as prohibiting such
transactions, except under license.
H. MORGENTHAU, JR.
Secretary of the Treasury
Dated April 19, 1940
Regraded Unclassified
GENERAL RULING NO. 2-Transfer of Stock Certificates and Custody of Securities
No person may transfer any stock certificate belonging to a Norwegian or Danish national.
No person may transfer any stock certificate to a Norwegian or Danish national. No person
may deliver or receive securities in which any Norwegian or Danish national has any interest.
DISPOSICIÓN GENERAL NO. 2-Traspaso de Certificados de Acciones y Custodia de Valores
No se podrá traspasar ningún certificado de acciones perteneciente a nacionales noruegos
o daneses. No se podrá traspasar ningún certificado de acciones & un nacional noruego 0
danés. Ninguna persona entregará o recibirá valores en los que tuviere interés alguno un
nacional noruego o danés.
TREASURY DEPARTMENT,
Office of the Secretary,
June 17, 1940.
AMENDMENT TO GENERAL RULING NO. 3 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10,
1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
General Ruling No. 3 is hereby amended to read as follows:
"The attention of banks, brokers, transfer agents, registrars and all other persons and banking
institutions in the United States is invited to the fact that the Treasury Department construes
Executive Order No. 8389, April 10, 1940, as amended, and the Regulations issued pursuant thereto
as prohibiting the acquisition, transfer, disposition, transportation, importation, exportation, ot
withdrawal of, or the endorsement or guarantee of signatures on, or otherwise dealing in, or with
respect to, any security (or evidence thereof) registered or inscribed in the name of any country
designated in Executive Order No. 8389, April 10, 1940, as amended, or any national thereof,
except pursuant to a specific license, irrespective of the fact that at any time (either prior to, on, or
subsequent to April 10, 1940) the registered or inscribed owner thereof may have, or appears to
have, assigned, transferred or otherwise disposed of any such security. Applications for licenses
should be made in the manner provided in the Regulations issued under Executive Order No. 8389,
April 10, 1940, as amended."
D. W. BELL
Acting Secretary of the Treasury.
Regraded Unclassified
GENERAL RULING NO. 3-Securities Registered or Inscribed in the Names of Blocked Nationals
General Ruling No. 3 prevents except under specific Treasury license any dealings in
securities registered or inscribed in the name of a blocked national.
DISPOSICIÓN GENERAL NO. 3-Valores Registrados 0 Inscritos a Nombre de Nacionales Bloqueados
La Disposición General No. 3 impide, excepto con licencia específica del Tesoro, toda
negociación con valores registrados o inscritos a nombre de un nacional bloqueado.
TREASURY DEPARTMENT
Office of the Secretary
July 8, 1941.
GENERAL RULING NO. 4, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO
TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
Except as specifically provided herein or otherwise, all definitions appearing in Executive
Order No. 8389 of April 10, 1940, as amended, and the Regulations issued thereunder, shall
apply to the terms employed in all rulings, licenses, instructions, etc., and, in addition, the
following definitions and rules of interpretation are prescribed:
(1) The term "Order" shall mean Executive Order No. 8389, as amended.
(2) The term "license" shall mean a license issued under the Order.
(3) The term "interest" when used with respect to property shall mean an interest
of any nature whatsoever, direct or indirect.
(4) The term "blocked country" shall mean any foreign country designated in the
Order.
(5) The term "Netherlands East Indies" shall mean the following: Java and Madura,
Sumatra, Riouw-Lingga archipelago, Banka, Billiton, Celebes, Borneo (West, South and
East Divisions), Timor archipelago, Bali and Lombok, Lesser Sunda Islands and Dutch
New Guinea.
(6) The term "Netherlands West Indies" shall mean the following: Dutch Guiana,
Dutch St. Martin, Curacao, Bonaire, Aruba, St. Eustatius and Saba.
(7) Any person licensed as a "generally licensed national" shall, while so licensed,
be regarded as a person within the United States who is not a national of any blocked
country; provided, however, that the licensing of any person as a "generally licensed
national" shall not be deemed to suspend in any way the requirements of the Order and
Regulations relating to reports, and the production of books, documents, records, etc.
(see section 4 of the Order and section 130.4 of the Regulations).
(8) The term "blocked account" shall mean an account in which any blocked coun-
try or national thereof has an interest, with respect to which account payments, transfers
or withdrawals or other dealings may not be made or effected except pursuant to a license
authorizing such action. The term "blocked account" shall not be deemed to include free
dollar accounts of the type referred to in General License No. 32, as amended, or the
accounts of generally licensed nationals.
(9) The term "banking institution" shall have the meaning prescribed in Section
5F of the Order.
(10) The term "domestic bank" shall mean any branch or office within the United
States of any of the following which is not a national of any blocked country: any bank or
trust company incorporated under the banking laws of the United States or of any state,
territory, or district of the United States, or any private bank or banker subject to super-
vision and examination under the banking laws of the United States or of any state, terri-
tory or district of the United States. The Treasury Department may also authorize any
other banking institution to be treated as a "domestic bank" for the purpose of this
definition or for the purpose of any license, ruling, or instruction.
(11) The term "national securities exchange" shall mean an exchange registered as
a national securities exchange under section 6 of the Securities Exchange Act of 1934
(48 Stat. 885, U.S.C., title 15, sec. 78f).
Regraded Unclassified
(12) Reference to any general license or general ruling which has been amended
shall be deemed to refer to such license or ruling as amended.
(13) Any person who by virtue of any definition in the Order is a national of more
than one blocked country shall be deemed to be a national of each of such blocked
countries.
(14) In any case in which a person is a national of two or more blocked countries, 2
license with respect to nationals of one of such blocked countries shall not be deemed to
include such person unless a license of equal or greater scope is outstanding with respect
to nationals of each other blocked country of which such person is a national.
(15) The Secretary of the Treasury reserves the right to exclude from the operation
of any license or from the privileges therein conferred or to restrict the applicability
thereof with respect to, particular persons, transactions or property or classes thereof.
Such action shall be binding upon all persons receiving actual notice thereof, or construc-
tive notice if in any case notice is filed pursuant to the provisions of the Federal Register
Act (49 Stat. 500, as amended by 50 Stat. 304; U.S.C., Sup. V, title 44, sec. 301 et seq).
(16) No license shall be deemed to authorize any transaction prohibited by reason
of the provisions of any law, proclamation, order OF regulation, other than the Order
and Regulations.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
(5)
DO
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2019
Regraded Unclassified
GENERAL RULING NO. 4-Definitions and Instructions
General Ruling No. 4 sets forth the definitions of various terms used throughout the
freezing control documents.
A "generally licensed national" may, while so licensed, engage in the same activities as a
person within the United States who is not a blocked national.
The term "blocked account" is defined as an account from or to which payments cannot
be made without a Treasury license. The accounts of generally licensed nationals are not
treated as blocked.
This general ruling points out that under the freezing control a person can be a national
of several countries. In such cases he is not licensed by a general license dealing with nationals
of one country unless also licensed by general licenses dealing with nationals of the other coun-
tries of which he is a national.
This general ruling contains a provision reserving to the Treasury Department the right to
exclude any person, transaction, or property from the privileges of any license.
DISPOSICIÓN GENERAL NO. 4-Definiciones e instrucciones
La Disposición General No. 4 da las definiciones de los diferentes términos usados en los
documentos que rigen el sistema de inmovilización de fondos.
Un "nacional con licencia general" puede, mientras dure esa licencia, ocuparse en aquellas
actividades permitidas & toda persona en los Estados Unidos que no sea nacional bloqueado.
El término "cuenta bloqueada" define aquella cuenta de la que no se podrá retirar ni
ingresar partida alguna sin una licencia del Tesoro. Las cuentas de los nacionales con licencia
general no se consideran bloqueadas.
Esta disposición general indica que bajo el sistema de inmovilización de fondos una persona
puede ser nacional de varios países. En tales casos, no se le facultará por virtud de una licen-
cia general relativa 8 los ciudadanos de una nación, B no ser que se le faculte también con otras
licencias generales para las demás naciones de las que fuere nacional.
Esta disposición general reserva & la Secretaría del Tesoro el derecho & excluir a cualquier
persona, transacción o propiedad de los privilegios que otorgan las licencias.
Regraded Unclassified
TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY,
June 6, 1940.
(amended May 19, 1942)
GENERAL RULING NO. 5 UNDER SECTION 5 (b) OF THE ACT OF OCTOBER 6, 1917 (40 STAT. 411).
AS AMENDED, EXECUTIVE ORDER NO. 8389 OF APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, AND UNDER ALL OTHER AUTHORITY OF
LAW
The sending, mailing, importing or otherwise bringing into the United States, on and after
June 7, 1940, from any foreign country, of any securities or evidences thereof or the receiving
or holding in the United States of any securities or evidences thereof so brought into the United
States is prohibited, except on condition that such securities and evidences thereof be immedi-
ately delivered for examination to a Federal Reserve bank as fiscal agent of the United States.
Such Federal Reserve bank, as fiscal agent of the United States, shall hold such securities and
all evidences thereof until the Treasury Department is satisfied as to whether or not any of the
countries named in Executive Order No. 8389, as amended, or any national thereof has at any
time on or since the dates specified in such Order, as amended, had any interest of any nature
whatsoever, direct or indirect, in such securities or evidences thereof. Proof as to whether or not
any of such countries or any national thereof has had any such interest may be submitted to the
Federal Reserve bank holding such securities or evidences thereof.
Customs officers and postal employees are instructed to deliver any such securities or
evidences thereof to a Federal Reserve bank. Any articles arriving from any foreign country
on or after June 7, 1940, which in the opinion of customs officers or postal employees contain
such securities or evidences thereof, shall be subjected to customs inspection in accordance
with the Customs Regulations of 1937. If any article opened by an addressee or his agent in
the presence or under the supervision of a customs officer or postal employee is found to contain
such securities or evidences thereof, such securities or evidences thereof shall be surrendered
forthwith to such customs officer or postal employee for delivery to a Federal Reserve bank,
as above provided.
United States and foreign currency imported or otherwise brought into the United States
on and after May 19, 1942, shall be deemed to be "securities or evidences thereof" for the pur-
poses of this general ruling.
H. MORGENTHAU, JR.,
Secretary of the Treasury.
Regraded Unclassified
GENERAL RULING NO. 5-Control of Imported Securities
No foreign or domestic securities or currency may be brought into the United States from
any foreign country, except on condition that they are delivered to a Federal Reserve Bank
for examination. The Federal Reserve Bank will not release such securities unless satisfied
that no blocked national has had an interest in them.
Customs and postal authorities are directed to take appropriate steps to see that the pro-
visions of the ruling are fully enforced.
DISPOSICIÓN GENERAL NO. 5-Control de los valores importados
No podrá traerse a los Estados Unidos ningún valor o moneda, nacional o extranjero, de
ninguna nación extranjera, excepto 8 condición de entregarse para su examen & un Banco de
la Reserva Federal. El Banco de la Reserva Federal no restituirá tales valores hasta comprobar
que ningún ciudadano bloqueado posee interés alguno en los mismos.
Los funcionarios aduaneros y postales tienen órdenes de tomar las medidas apropiadas
para poner en vigor esta Disposición.
TREASURY DEPARTMENT
Office of the Secretary
June 27, 1941
GENERAL RULING NO. 6, AS AMENDED, SUPPLEMENTING GENERAL RULING NO. 5 UNDER
EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED
PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
General Ruling No. 6 is hereby amended to read as follows:
(1) The provisions of General Ruling No. 5 of June 6, 1940, and all instructions issued pur-
suant thereto, are hereby continued in full force and effect, provided, that any Federal Reserve Bank
to whom securities or evidences thereof (hereinafter referred to as securities) have been forwarded
under such general ruling may, as fiscal agent of the United States, deliver the securities, at any
time, under appropriate arrangements with the addressee of the securities, to a domestic bank.
(2) Prior to such delivery by a Federal Reserve Bank of any such security, a complete
description of the security shall be made or received and retained by such Federal Reserve Bank,
and in any case in which a security bears a stamp, seal or other mark not lending itself to precise
description, a photostat of such mark shall be made at the expense of the addressee and retained
by such Federal Reserve Bank. This requirement may be dispensed with in any case in which
appropriate arrangements are entered into for furnishing such Federal Reserve Bank with this
description within a reasonable time after such delivery.
(3) Upon the delivery of any such security by a Federal Reserve Bank to any domestic
bank, such bank shall execute such form of receipt as may be prescribed by the Secretary of the
Treasury.
(4) Any domestic bank to which any such security shall be delivered by a Federal Reserve
Bank shall place such security in a General Ruling No. 6 account in such bank.
(5) Any outstanding account in which securities or the proceeds thereof have been placed
pursuant to the provisions of General Ruling No. 6 prior to this amendment shall be deemed to
be a General Ruling No. 6 account.
(6) Federal Reserve Banks shall release any security referred to in paragraph (1) hereof, or
shall authorize the release of the contents of any General Ruling No. 6 account, if and when the
Treasury Department is satisfied that no blocked country, or national thereof, has, at any time, on
or since the effective date of the Order, had any interest in such security or in such account.
(7) Any application for a license authorizing any transaction or dealing with respect to a
General Ruling No. 6 account (including the contents thereof) shall specifically indicate that
such account is a General Ruling No. 6 account.
(8) As used in this general ruling and in any other rulings, licenses, instructions, etc., the
term "General Ruling No. 6 account" shall mean an account of the type referred to in paragraphs
(4) and (5) hereof, and no payments, transfers, or withdrawals may be made from, and no other
transaction or dealing may be effected with respect to, any such account except pursuant to para-
graph (6) above or pursuant to license, provided, that:
(a) No license shall be deemed to authorize transactions with respect to a General Rul-
ing No. 6 account unless the provisions of such license are specifically made applicable to a
General Ruling No. 6 account.
(b) In the event that any security placed in a General Ruling No. 6 account is sold or
otherwise dealt with under license, except a license of the type referred to in paragraph (8) (c)
below, the proceeds thereof shall be placed in a General Ruling No. 6 account in the same
domestic bank and in the same name in which the security sold or otherwise dealt with was
held.
(c) The contents of a General Ruling No. 6 account cannot be transferred to a blocked
account, except pursuant to a license specifically authorizing such transfer. Applications for
licenses authorizing the transfer of the contents of any General Ruling No. 6 account to a
blocked account shall be accompanied by adequate evidence respecting the interest therein of
blocked countries or nationals thereof.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Regraded Unclassified
GENERAL RULING NO. 6-Delivery of Imported Securities to Domestic Banks by Federal Reserve Banks
General Ruling No. 6 permits Federal Reserve Banks to which imported securities have
been forwarded under General Ruling No. 5, to arrange with addressees of securities imported
into the United States for the delivery of such securities into the custody of United States
banks pending determination by the Treasury Department whether there are any blocked
interests in such securities. Any Federal Reserve Bank which delivers an imported security
to a United States bank under the provisions of this ruling retains a detailed description of and
receipt for such security. Imported securities whose ownership has not been traced by the
Treasury Department are held by domestic banks in special securities accounts known as
"General Ruling No. 6 accounts." No Treasury Department license authorizes any trans-
action with respect to any General Ruling No. 6 account unless such license is expressly made
applicable to such account. Securities can also be released from any General Ruling No. 6
account upon & finding by the Treasury Department that no blocked national has had an inter-
est in such securities.
DISPOSICIÓN GENERAL NO. 6-Entrega de valores Importados a los bancos del país por los Bancos de la
Reserva Federal
La Disposición General No. 6 permite a aquellos Bancos de la Reserva Federal & los que
se hubieren remitido valores importados según la Disposición General No. 5, tramitar con el
destinatario de los valores importados & los Estados Unidos la entrega de tales valores & la
custodia de los bancos de los Estados Unidos, hasta que la Secretaría del Tesoro determine si
hay intereses bloqueados en los susodichos valores. Todo Banco de la Reserva Federal que
entregue un valor importado 8 un banco de los Estados Unidos de acuerdo con esta Disposición,
retendrá una descripción detallada del valor en cuestión y un recibo del mismo. Aquellos
valores importados cuya propiedad no hubiere establecido la Secretaría del Tesoro los retendrán
los bancos del país en cuentas especiales de valores denominadas "Cuentas de la Disposición
General No. 6." Ninguna licencia de la Secretaría del Tesoro autorizará ninguna transacción
con respecto & cuenta alguna de la Disposición General No. 6, & no ser que la susodicha licencia
se haga expresamente aplicable a la mencionada cuenta. También podrá librarse de la cuenta
de la Disposición General No. 6 cualquier valor cuando la Secretaría del Tesoro se haya cer-
ciorado de que ningún cuidadano bloqueado tiene interés alguno en dicho valor.
CONTROL OF CERTAIN IMPORTED CURRENCY
(Press release of March 13, 1942 on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
March 13, 1942.
GENERAL RULING NO. 6A, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC., AND SECTION 5(b) OF THE TRADING WITH
THE ENEMY ACT, AS AMENDED, BY THE FIRST WAR POWERS ACT.*
United States and foreign currency sent, mailed, imported or otherwise brought into
the United States from any blocked country not within the generally licensed trade area,
or from, by, or on behalf of any person whose name appears on "The Proclaimed List of
Certain Blocked Nationals", and the receiving or holding in the United States of such cur-
rency so brought into the United States shall be subject to the provisions of General Rulings
Nos. 5 and 6 in the same manner as if such currency were securities.
E. H. FOLEY, JR.,
Acting Secretary of the Treasury.
Part 132:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public, No. 354, 77th
Congress, 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex.
Order 8832, July 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941;
Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941.
to лоятиоэ
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TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE,
Press Service
Friday, March 13, 1942.
No. 30-73
in
The Treasury Department today took action to control the importation of foreign and
domestic currency into the United States from any blocked country not within the generally
licensed trade area or from any Proclaimed List national. General Ruling No. 6A subjects
all such currency to the controls extended to securities by General Rulings Nos. 5 and 6.
из
Treasury officials pointed out that under this general ruling currency from these
blocked areas or nationals would upon importation be forwarded immediately to a Federal
Reserve Bank as fiscal agent of the United States. The Federal Reserve Bank will there-
after hold the currency until the Treasury Department has authorized its release.
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Regraded Unclassified
GENERAL RULING NO. 6A-Control of Certain Imported Currency
This ruling made the provisions of General Rulings Nos. 5 and 6 applicable to any currency
brought into the United States from any blocked country not within the generally licensed
trade area or from any Proclaimed List national.
It has, in effect, been superseded by the amendment to General Ruling No. 5 on May 19,
1942, making the provisions of General Rulings Nos. 5 and 6 applicable to any currency brought
into the United States from any foreign country.
DISPOSICIÓN GENERAL NO. 6A.-Control de clertas divisas importadas
Esta Disposición hace aplicable lo dispu esto por las Disposiciones Generales Nos. 5 y 6 a toda
moneda introducida a los Estados Unidos de cualquier nación bloqueada que no estuviere com-
prendida en el área con licencia general, o de cuslquier nacional que figure en la Lista Procla-
mada.
De hecho, ha quedado subrogada por la enmienda del 19 de mayo 8 la Disposición General
No. 5, enmienda que hace aplicables los términos de las Disposiciones Generales Nos. 5 y 6 a
toda moneda introducida a los Estados Unidos de cualquier nación extranjera.
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
September 18, 1940.
GENERAL RULING NO. 7 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.
The provisions of General Ruling No. 5, as supplemented by General Ruling No. 6, have been
extended to securities or evidences thereof coming from the Philippine Islands and the Panama
Canal Zone into any other part of the United States.
D. W. BELL
Acting Secretary of the Treasury
Dearadod
GENERAL RULING NO. 7-Securities or Evidences of Securities Imported From the Philippine Islands
and the Panama Canal Zone
This ruling made the provisions of General Rulings Nos. 5 and 6 applicable to shipments
of securities from the Philippine Islands and the Panama Canal Zone to any other part of the
United States.
DISPOSICIÓN GENERAL NO. 7-Valores, o constancias de valores, importados de las Islas Filipinas y de is
Zona del Canal de Panamá
Esta disposición hace aplicables los términos de las Disposiciones Generales Nos. 5 y 6 a los
embarques de valores de las Islas Filipinas y de la Zona del Canal de Panamá a cualquier otra
parte de los Estados Unidos.
TREASURY DEPARTMENT
Office of the Secretary
September 18, 1940.
GENERAL RULING NO. 8 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.
Inquiry has been made as to whether the following is prohibited, except under license, by
Executive Order No. 8389, as amended, and the Regulations issued pursuant thereto:
A request or authorization made by or on behalf of a bank or other person within the
United States to a bank or other person in a foreign country other than one of the countries
designated in Executive Order No. 8389, as amended, as a result of which request or authoriza-
tion such latter bank or person makes a payment or transfer of credit either directly or
indirectly to one of the foreign countries designated in the Executive Order, as amended, or
a national thereof.
The Treasury Department construes the Executive Order, as amended, and Regulations as
prohibiting such a transaction except under license.
D. W. BELL
Acting Secretary of the Treasury
i
GENERAL RULING NO. 8-Request for Payment or Transfer of Credit to Blocked National
This ruling pointed out that freezing control prohibits persons in the United States from
requesting persons in any foreign country to make payments or transfers of credit to blocked
nationals.
DISPOSICIÓN GENERAL NO. 8-Requisición de pago o traspaso de créditos a nacionales bloqueados
Esta disposición señala que el sistema de inmovilización de fondos prohibe a personas en
los Estados Unidos el pedir a otras personas en cualquier país extranjero que hagan pagos o
traspasos de créditos 8 nacionales bloqueados.
TREASURY DEPARTMENT
Office of the Secretary
July 23, 1941.
GENERAL RULING NO. 9 UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.
Inquiry has been made as to whether a person within Tangiers may engage in trans-
actions pursuant to General License No. 52 relating to Spain.
General License No. 52 does not permit such transactions and, accordingly, any such
transactions which are not authorized by a general license other than General License
No. 52 may only be effected pursuant to a specific license.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Attention is directed to the fact that Tangier assets are blocked.
GENERAL RULING NO. 9-Tangiers Not 8 Part of Spain for the Purposes of General License No. 52
This general ruling excluded Tangiers from the general license relating to Spanish trans-
actions (General License No. 52). Tangiers is, however, regarded as blocked.
DISPOSICIÓN GENERAL NO. 9-Tanger no se considera parte de España para los efectos de In Licencia
General No. 52
Esta disposición general excluye & Tánger de la licencia general relativa a las transacciones
españolas (Licencia General No. 52). Tánger, no obstante, se considera bloqueada.
CONTROL OF PHILIPPINE PAPER CURRENCY AND SECURITIES
(Press releases on following pages)
TREASURY DEPARTMENT
Office of the Secretary
January 14, 1942
GENERAL RULING NO. 10 UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.
(1) The acquisition, disposition or transfer of, or other dealing in, or with respect to,
any of the following is hereby prohibited except as authorized by license expressly refer-
ring to this general ruling:
(a) Any Philippine paper currency;
(b) Any security issued by, or the obligation of, either the government of the
Commonwealth of the Philippines, including political subdivisions thereof, or any cor-
poration or other organization organized under the laws of the Philippine Islands,
unless Form TFEL-2 has been previously attached to such security by, or under the
direction of, the Treasury Department.
Form TFEL-2 will be attached to any security referred to herein if presented to any
Federal Reserve Bank on or before February 1, 1942, accompanied by a description thereof
on Form TFR-10. Subsequent to February 1, 1942, Form TFEL-2 will be attached to
such securities only in the discretion of the Secretary of the Treasury and only upon the
filing of appropriate application with a Federal Reserve Bank tracing the ownership of
such security since January 1, 1942 and satisfactorily explaining the reasons the security
was not presented to a Federal Reserve Bank on or before February 1, 1942, for the attach-
ment of Form TFEL-2. Such form will be attached to stamped securities of the type
referred to in section 2A(1) of the Order only pursuant to existing procedure relating to
stamped securities.
(2) Except as authorized by license expressly referring to this general ruling:
(a) All Philippine paper currency held within the United States is hereby required
to be deposited on or before February 1, 1942, in a blocked currency account with
either a domestic bank or with the New York office of the Philippine National bank.
(b) The bank of deposit shall hold such currency for the account, or pursuant
to the instructions, of the depositor.
(c) On or before February 15, 1942, every bank holding any blocked currency
accounts shall file a report on Form TFR-110 in triplicate with the appropriate Federal
Reserve Bank.
As used in this general ruling and in any other rulings, licenses, instructions, etc., the term
"blocked currency account" shall mean an account from which no payments, transfers, or
withdrawals may be made, and no other transaction or dealing may be effected with respect
thereto, except pursuant to a license expressly referring to such account.
(3) Philippine paper currency which prior to January 1, 1942 was of recognized special
value to collectors of rare and unusual currency, or which is held as part of any collection
of rare and unusual currency, is hereby excluded from the provisions of this general ruling.
By direction of the President.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
Wednesday, January 14, 1942
No. 29-57
Secretary Morgenthau disclosed today that prompt action by American officials in the
Philippines prevented many millions of dollars worth of securities, coin, currency, bullion,
jewelry and other property from falling into the hands of the Japanese. This is the first
application of the "scorched earth policy" which any country has as yet made to this class
of valuables.
In anticipation of the temporary occupation of Manila and other parts of the Philip-
pines and remembering the experience of unprepared European countries that permitted
hundred of millions of dollars of valuables to fall into the hands of Germany, the Secre-
tary of the Treasury, in cooperation with the Secretary of the Interior and at the direction
of the President, vested in the U.S. High Commissioner the sweeping powers of Title III
of the First War Powers Act of 1941 and authorized him to take all necessary steps to pre-
vent bullion, currency, coin, checks, securities, and similar valuables from falling into enemy
hands. The High Commissioner was authorized to destroy any of these assets or otherwise
dispose of them rather than to permit the Japanese to acquire them.
Although it is too early to state the amount of valuables within the Philippines which
were turned over to or impounded by the High Commissioner, it is certain that the amount
runs into many millions. No information has come to the Department of any significant
amount of such valuables falling into enemy hands.
Secretary Morgenthau pointed out that High Commissioner Sayre had been assisted
in executing this program by Treasury Department representatives who had been detailed
from Washington last July to assist the High Commissioner in administering the freezing
control in the Philippines. The Secretary commended the courage and ability of those
people in carrying out this program.
The Treasury today, acting in cooperation with the Department of the Interior and
at the direction of the President, issued a general ruling under the freezing regulations
imposing a strict control over Philippine securities and impounding Philippine paper cur-
rency within the United States. These measures, together with those taken simultane-
ously by the Philippine Government, are designed to choke off the market for any assets
which the Japanese may subsequently discover in their looting operations in the
Philippines.
Regraded Unclassified
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
Wednesday, January 14, 1942
No. 29-56
At the direction of the President, the Treasury Department acting in cooperation with
the Department of the Interior today issued a general ruling under the freezing regula-
tions imposing a strict control over Philippine securities and impounding all Philippine
paper currency within the United States.
These measures, taken at the request of the Philippine Government, are designed to
thwart any attempt by the Axis to dispose of looted Philippine assets in the United States.
Simultaneously the Philippine Government took action to prevent looted assets being
liquidated in markets outside the United States. It was pointed out that not only does
this interfere with the Axis war effort but in addition it may contribute materially to
minimizing Axis looting in the Philippines by removing the incentive for such action.
Under today's general ruling all Philippine paper currency within the United States
must be deposited in blocked currency accounts in banks on or before February 1, 1942.
Currency placed in such account may be removed only with permission of the Treasury
Department under a freezing control license. On or before February 15, 1942, banks must
report all Philippine currency in their possession. All dealings in such currency are
prohibited. This is intended to destroy any possible "black market" in the United States
for looted Philippine currency which might otherwise be smuggled into the country.
The general ruling also curbs all dealing in securities issued by, or the obligation of,
either the Philippine Government or any corporation organized under Philippine law unless
a "clearance certificate" known as Treasury Department Form TFEL-2 has been attached.
Persons within the United States holding any such securities will be able to have the
clearance certificates attached to their securities before February 1, 1942, with a minimum
of inconvenience since the Federal Reserve Banks will automatically attach the certificates
upon presentation of the securities accompanied by their description.
After February 1, 1942 the clearance certificates will be attached to Philippine securities.
only after the holder has satisfactorily explained his possession of the securities and the
reasons a clearance certificate was not attached prior to February 1, 1942.
The Treasury Department called attention to the notice of the Philippine Government
to all holders of Philippine securities and currency which was issued today. This notice
directed all holders of such securities and currency in all countries except enemy countries
to deposit their holdings with banks and forward a registration report through their bank
to the New York office of the Philippine National Bank. The full text of such notice is
as follows:
"In order to protect bona fide holders of Philippine currency and securities from the
effects which would otherwise result from the disposition of such securities and
currency which may have been looted during the temporary occupation of parts of the
Philippine Islands, the following notification is hereby given on behalf of the govern-
ment of the Commonwealth of the Philippines.
"All holders of Philippine paper currency elsewhere than within the Philippine
Islands are notified to deposit such currency on or before February 1, 1942 for regis-
tration and safekeeping in a reputable bank located outside, and organized under the
laws of a country other than, an enemy country, or territory occupied or controlled
by an enemy. Depositors of such currency should obtain an appropriate receipt from
such bank identifying the currency by kind, denomination and serial number. Banks
receiving such currency for such deposit or holding such currency for their own
Regraded Unclassified
account are hereby notified to hold it in safekeeping pending further instruction, Each
such bank should immediately forward to the New York agency of the Philippine
National Bank, 25 Broadway, New York, New York, a report in three counterparts,
certifying the names and addresses of the depositors of such currency, the date of
deposit, the amount so deposited by each depositor and the description (including
serial number) of the currency so deposited. Such reports should be placed in the
mail on or before February 15, 1942. Each counterpart should, if feasible, be dis-
patched by separate means.
"All holders, outside the United States and elsewhere than within the Philippine
Islands, of securities issued by, or the obligation of, either the government of the
Commonwealth of the Philippines, including political subdivisions thereof, or any
corporation or other organization organized under the laws of that government are
notified to follow a similar procedure. Banks receiving such securities for registration
and safekeeping should identify them as completely as possible in the receipts given
to depositors and in their reports which are forwarded to the New York agency of
the Philippine National Bank. Such reports should include the name and addre
of the depositor, date of deposit, and the description should include the name of the
issuing party, the issue, the total number of securities, the serial or certificate num-
bers, and the name of the registered owner, if any, and in appropriate cases, the
denomination.
"The government of the Commonwealth of the Philippines has requested the
United States Treasury Department and the Department of the Interior to make appro-
priate provision for the registration of Philippine Government and corporate securities
located within the United States, and to adopt such regulatory measures as will assist
in carrying out the purposes of this notification with respect to both currency and
securities. Compliance with the provisions of General Ruling No. 10 issued by the
United States Treasury Department, under Executive Order No. 8389, as amended,
shall be deemed to be compliance with the requirements of this notice.
"All Philippine securities and currency not registered pursuant to this notice will
be presumed by the government of the Commonwealth of the Philippines, in the
absence of clear proof to the contrary, to have come under the control of the enemy.
J. M. ELIZALDE
Resident Commissioner of the Philippines
to the United States."
GENERAL RULING NO. 10-Phillppine Currency and Securities
This ruling prohibits, except under license expressly referring to the ruling, all dealings in
Philippine paper currency or securities and requires all Philippine currency within the United
States to be deposited and held in blocked accounts. A Philippine security may be dealt with
if, after full inquiry, a Federal Reserve Bank is satisfied that no blocked national has had an
interest in such securities, and has attached to the security Form TFEL-2. Form TFEL-2 is
printed on paper which is difficult to counterfeit and is a record of the ownership of the security.
DISPOSICIÓN GENERAL NO. 10-Moneda y Valores Filipinos
Esta disposición prohibe, excepto bajo licencia que se refiera expresamente a la Disposición,
toda transacción en papel moneda de Filipinas o en valores filipinos, y ordena que toda moneda
filipina en los Estados Unidos se deposite y retenga en cuentas bloqueadas. Podrán efectuarse
transacciones en valores filipinos si, tras detenido examen, un Banco de la Reserva Federal
comprobare a satisfacción que ningún nacional bloqueado ha tenido interés en los valores
aludidos, y si el banco fijare 8 los mismos el certificado que se conoce como "Form TFEL-2,"
el cual está impreso en papel diffeil de falsificar y es una constancia del título sobre valor en
cuestión.
Regraded Unclassified
TRANSACTIONS INVOLVING TRADE OR COMMUNICATION
WITH ENEMY NATIONALS
(Press release on last two pages)
TREASURY DEPARTMENT
Office of the Secretary
March 18, 1942
GENERAL RULING NO. 11
UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, AND REGULATIONS ISSUED PUR-
SUANT THERETO, RELATING TO FOREIGN FUNDS CONTROL.
(1) No license or other authorization now outstanding or hereafter issued, unless
expressly referring to this general ruling, shall be deemed to authorize any transaction
which, directly or indirectly, involves any trade or communication with an enemy national.
(2) As used in this general ruling and in any other rulings, licenses, instructions, etc.:
(a) The term "enemy national" shall mean the following:
(i) The Government of any country against which the United States has
declared war (Germany, Italy and Japan) and the Governments of Bulgaria,
Hungary and Rumania and any agent, instrumentality or representative of the
foregoing Governments, or other person acting therefor, wherever situated (includ-
ing the accredited representatives of other Governments to the extent, and only to
the extent, that they are actually representing the interests of the Governments
of Germany, Italy and Japan and Bulgaria, Hungary and Rumania); and
(ii) The government of any other blocked country having its seat within
enemy territory, and any agent, instrumentality, or representative thereof, or
other person acting therefor, actually situated within enemy territory; and
(iii) Any individual within enemy territory and any partnership, asso-
ciation, corporation or other organization to the extent that it is actually situated
within enemy territory; and
(iv) Any person whose name appears on The Proclaimed List of Certain
Blocked Nationals and any other person acting therefor.
(b) The term "enemy territory" shall mean the following:
(i) The territory of Germany, Italy and Japan; and
(ii) The territory controlled or occupied by the military, naval or police forces
or other authority of Germany, Italy or Japan.
The territory so controlled or occupied shall be deemed to be the territory
of Albania; Austria; that portion of Belgium within continental Europe; Bul-
garia; that portion of Burma occupied by Japan; that portion of China occupied
by Japan; Czechoslovakia; Danzig; that portion of Denmark within continental
Europe; Estonia; that portion of France within continental Europe occupied by
Germany or Italy; French Indo-China; Greece; Hong Kong; Hungary; Latvia;
Lithuania; Luxembourg; British Malaya; that portion of the Netherlands within
continental Europe; that portion of the Netherlands East Indies occupied by
Japan; Norway; that portion of the Philippine Islands occupied by Japan; Poland;
Rumania; San Marino; Thailand; that portion of the Union of Soviet Socialist
Republics occupied by Germany; Yugoslavia; and any other territory controlled
or occupied by Germany, Italy or Japan.
(c) The term "The Proclaimed List of Certain Blocked Nationals" shall mean
"The Proclaimed List of Certain Blocked Nationals" as amended and supplemented,
promulgated pursuant to the President's Proclamation of July 17, 1941.
(d) The term "trade or communication with an enemy national" shall mean
the sending, taking, bringing, transportation, importation, exportation, or transmis-
sion of, or the attempt to send, take, bring, transport, import, export or transmit
(i) any letter, writing, paper, telegram, cablegram, wireless message, tele-
phone message or other communication of any nature whatsoever, or
(ii) any property of any nature whatsoever, including any goods, wares, mer-
chandise, securities, currency, stamps, coin, bullion, money, checks, drafts, proxies,
powers of attorney, evidences of ownership, evidences of indebtedness, evidences
of property, or contracts
directly or indirectly to or from an enemy national after March 18, 1942.
(3) This general ruling shall not be deemed to affect any outstanding specing
license in so far as such license expressly authorizes any transaction which involves trade
or communication with any person whose name appears on The Proclaimed List of Certain
Blocked Nationals.
(4) Any transaction prohibited by section 3(a) of the Trading with the enemy Act,
as amended, is licensed thereunder unless such transaction is prohibited pursuant to section
5(b) of that Act and not licensed by the Secretary of the Treasury. In this connection,
attention is directed to the General License under section 3(a) of the Trading with the
enemy Act, issued by the President on December 13, 1941.
E. H. FOLEY, JR.
Acting Secretary of the Treasury
TREASURY DEPARTMENT
Washington
FOR RELEASE, MORNING NEWSPAPERS,
Press Service
Thursday, March 19, 1942.
No. 30-79
3/18/42
Regulations adapting the old 1917 Trading with the enemy Act restrictions against
trade and communications under war-time conditions to the requirements of the present
war were issued today by Henry Morgenthan, Jr., Secretary of the Treasury in conjunc-
tion with Byron Price, the Director of Censorship.
Communications Ruling No. 1, issued today by the Director of Censorship, removes
many of the old 1917 restrictions on communication with the other American Republics
and certain other areas. However, this ruling does not authorize the sending or trans-
mitting of any communication to an enemy national. Communications must comply with
all regulations issued by the Office of Censorship. The Office of Censorship pointed out
that communications authorized by the ruling will be subject to censoring, the ruling
simply permitting the mailing or transmitting of the letter or other message.
Under General Ruling No. 11, issued today by the Secretary of the Treasury, all
transactions involving trade or communication with an enemy national are unlawful unless
licensed under the freezing regulations. Moreover, no freezing control license will here-
after authorize transactions involving trade or communication with an enemy national
unless the license expressly refers to this general ruling. However, the Secretary of the
Treasury does have the power to license such transactions and an appropriate license
under the freezing orders is also a license under section 3(a) of the Trading with the
enemy Act. In this manner the licensing procedure under the freezing orders is integrated
with the trading with the enemy provisions of section 3(a) of the Trading with the
enemy Act.
Today's action by the Secretary of the Treasury also has the effect of synchronizing
Communications Ruling No. 1 and General Ruling No. 11 so that the persons regarded
as "enemy nationals" for communications purposes are also to be regarded as "enemy
nationals" under the war-time prohibitions on trading with the enemy. The transmission
of any communication to an enemy national requires a license or authorization from the
Office of Censorship but only such communications as are an integral part of a trade,
financial or other commercial transaction will also require a license under the freezing
orders. Treasury officials stated that they would pursue their regular Foreign Funds Con-
trol policy of generally dealing with all phases of a transaction under one application
rather than splitting up a transaction into one application on the communication phase
and a different application on other phases.
General Ruling No. 11 also defines the terms "enemy national", "enemy territory"
and "trade or communication with an enemy national." One of the principal effects of
today's regulations is embodied in these definitions. They modify the old 1917 restric-
tions against trade and communication under war-time conditions by substituting the
new concept "enemy national" for the old "enemy" and "ally of enemy" terminology of
the last war. This change was made so that the public might be afforded a more precise
understanding of the restrictions on trade and communications under war-time condi-
tions. At the same time this change also permitted an effective adaptation of these
restrictions to the pattern of the present war.
Under today's regulations persons may not trade or communicate with an "enemy
national". This means that they may not trade or communicate with (a) enemy terri-
tory; (b) any person whose name appears on the "black list", i.e., The Proclaimed List
of Certain Blocked Nationals, or any person acting for a black-listed person; and (c)
representatives or agents of the Government of Germany, Italy, Japan, Bulgaria,
Hungary or Rumania, whether situated within or without enemy territory. "Enemy terri-
tory" was defined as meaning the territory of Germany, Italy and Japan, together with
the territory under their occupation or control. The principal areas falling into this
latter category were listed by name as a convenience to the public.
Officials explained that today's regulations were more specific as to the groups with
which trade and communication was unlawful than were the old statutory terms of
Regraded Unclassified
"enemy" and "ally of enemy". This, for example, during the last World War persons in
the United States were charged with the duty of not trading or communicating with any
from in Latin America "doing business within the territory of any nation with which the
United States is at war". While this was a commendable objective, yet in most instances
a person in the United States had no way knowing whether a Latin American firm was
in fact "doing business within the territory of any nation with which the United States is
at war". Today a person in the United States may freely trade or communicate with any
one is Latin America unless such person is on the published "black list" or is known to
be an agent or representative of such person or for one of the Axis governments or their
ratellites. Thas a person may deal with the Buenos Aires branch of an Italian firm so
long as such branch is not placed os the black list or is not known to be acting as a cloak
for a Proclaimed List national or for the Axis. Of course, a person may not trade or
communicate with such Latin American branch if in fact be intends to use this as a device
for actually communicating with the head office of the firm in Italy.
These same general rules are applicable with respect to trade and communication
with enemy nationals is the United States. It was emphasized that the provisions
against trade and communication with enemy nationals do not make it unlawful to deal with
persons in the United States merely because such persons are German or Italian aliense
or because a business house within the United States has a Japanese name. Officials also
pointed out that the activities of persons within the United States, which are inimical to
the war effort and the security of the Western Hemisphere, are dealt with by effective
internal controls, including the control of aliens by the Department of Justice, as well as
freezing control.
The Treasury Department called attention to the fact that General Ruling No. 11
imposes an additional restriction in every general and special license now outstanding or
hereafter issued under the freezing orders, The new general ruling has the effect of writ-
ing into every Foreign Funds Control license a restriction against any transaction which
directly or indirectly involves any trade or communication with an enemy national after
March 18, 1942.
Thus, for example, General Licenses Nos. 32 and 33 no longer authorize remittances
to persons in enemy territory or any other remittances involving communication with an
enemy national. Likewise, securities or trade transactions based on instructions received
after March 18, 1942, from enemy territory or enemy nationals may not be effected under
outstanding licenses.
One exception to the general restrictions was made. The general ruling does provide
that it shall not affect outstanding specific licenses which expressly authorize transactions
with Proclaimed List nationals. Officials explained that there were relatively few such
licenses outstanding and that these represented special cases such as the Government of a
Latin American country undertaking to impose special local controls on the activities of
a black-listed firm.
Upon the entry of the United States into the present war, the public telegraph and
cable companies were instructed to submit to the office of the Naval Censor all telegrams,
cablegrams, and wireless messages delivered to such companies for transmission out of
the United States. Pending the announcement of a formal procedure under section 3(c)
of the Trading with the enemy Act, the Treasury Department and the Office of Censor-
ship authorized the delivery of messages to public telegraph and cable companies and
such messages were passed upon by the Naval Censor and, if approved, authorized to be
dispatched. This informal procedure was regarded by the Treasury Department and the
Office of Censorship as licensed under section 3(c) of the Trading with the enemy Act.
Communications Ruling No. 1, issued today, supersedes this informal arrangement.
Officials called attention to the fact that, subject to today's modifications, the prohibi-
tions against trade and communication with the enemy appearing in the old 1917 Trading
jeet to heavy criminal penalties.
with the enemy Act are still in effect and that persons violating such provisions are sub-
Regraded Unclassified
GENERAL RULING NO. 11-Transactions Involving Trade or Communication With Enemy Nationals
No document issued under the freezing control, unless it expressly refers to General Ruling
No. 11, authorizes trade or communication with an enemy national. Under the ruling the
term "enemy national" includes Proclaimed List nationals and persons acting therefor, persons
actually within territory occupied by countries with which the United States is at war, and
official and unofficial agents wherever situated of countries with which the United States is at
war. This general ruling does not affect outstanding specific licenses which authorize trade or
communication with Proclaimed List nationals.
DISPOSICIÓN GENERAL NO. 11-Transacciones que envuelven comercio o comunicación con nacionales
enemigos
Ningún documento expedido bajo el sistema de inmovilización de fondos, a menos que
expresamente se refiera a la Disposición General No. 11, autoriza el comercio o la comunica-
ción con nacionales enemigos. Bajo la referida disposición el término "nacional enemigo"
incluye a los nacionales que se encuentren en la Lista Proclamada y a las personas que actúen
en su representación, las personas que se encuentren dentro del territorio ocupado por países
con los cuales los Estados Unidos estén en guerra y agentes oficiales o extraoficiales, donde-
quiera que se encuentren, de países con los que los Estados Unidos estén en guerra. Esta
disposición general no afecta aquellas licencias en vigencia que autoricen el comercio o la
comunicación con nacionales que figuran en la Lista Proclamada.
Regraded Unclassified
UNAUTHORIZED TRANSFERS OF BLOCKED ASSETS IN UNITED STATES VOID
(Press release on last two pages)
TREASURY DEPARTMENT
Office of the Secretary
April 21, 1942
GENERAL RULING NO. 12
UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, SECTIONS 3(a) AND 5(b)
OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR
POWERS ACT, 1941, RELATING TO FOREIGN FUNDS CONTROL.
(1) Unless licensed or otherwise authorized by the Secretary of the Treasury, (a) any
transfer after the effective date of the Order is null and void to the extent that it is (or
was) a transfer of any property in a blocked account at the time of such transfer; and
(b) no transfer after the effective date of Order shall be the basis for the assertion or
recognition of any right, remedy, power, or privilege with respect to, or interest in, any
property while in a blocked account (irrespective of whether such property was in a
blocked account at the time of such transfer).
(2) Unless licensed or otherwise authorized by the Secretary of the Treasury, no
transfer before the effective date of Order shall be the basis for the assertion or recog-
nition of any right, remedy, power, or privilege with respect to, or interest in, any prop-
erty while in a blocked account unless the person with whom such blocked account is held
or maintained had written notice of the transfer or by any written evidence had recognized
such transfer prior to the effective date of the Order.
(3) Unless otherwise provided, an appropriate license or other authorization issued
by the Secretary of the Treasury before, during or after a transfer shall validate such
transfer or render it enforceable to the same extent as it would be valid or enforceable
but for the provisions of section 5(b) of the Trading with the enemy Act, as amended,
and Order, regulations, instructions and rulings issued thereunder.
(4) Any transfer affected by the Order and/or this general ruling and involved in, or
arising out of, any action or proceeding in any Court within the United States shall be, so
far as affected by the Order and/or this general ruling. valid and enforceable for the pur-
pose of determining for the parties to the action or proceeding the rights and liabilities
therein litigated; provided, however, that no attachment, judgment, decree, lien, execu-
tion, garnishment, or other judicial process shall confer or create a greater right, power
or privilege with respect to, or interest in, any property in a blocked account than the
owner of such property could create or confer by voluntary act prior to the issuance of an
appropriate license.
(5) For the purposes of this general ruling:
whether or not evidenced by writing, and whether or not done or performed within
(a) the term "transfer" shall mean any actual or purported act or transaction,
the United States, the purpose, intent, or effect of which is to create, surrender,
release, transfer, or alter, directly or indirectly, any right, remedy, power, privilege,
or interest with respect to any property and without limitation upon the foregoing
shall include the making, execution, or delivery of any assignment, power, convey-
ance, check, declaration, deed, deed of trust, power of attorney, power of appointment,
bill of sale, mortgage, receipt, agreement, contract, certificate, gift, sale, affidavit, or
statement; the appointment of any agent, trustee, or other fiduciary; the creation or
transfer of any lien; the issuance, docketing, filing, or the levy of or under any judg-
ment, decree, attachment, execution, or other judicial or administrative process or
order, or the service of any garnishment : the acquisition of any interest of any nature
whatsoever by reason of a judgment or decree of any foreign country; the fulfillment
of any condition, or the exercise of any power of appointment, power of attorney, or
other power; provided, however, that the term "transfer" shall not be deemed to
include transfers by operation of law.
(b) the term "property" includes gold, silver, bullion, currency, coin, credit,
securities (as that term is defined in section 2(1) of the Securities Act of 1933, as
amended), bills of exchange, notes, drafts, acceptances, checks, letters of credit, book
credits, debts, claims, contracts, negotiable documents of title, mortgages, liens, annui-
ties, insurance policies, options and futures in commodities, and evidences of any of
the foregoing. The term "property" shall not, except to the extent indicated, be deemed
to include chattels or real property.
(c) the term "blocked account" shall refer to a blocked account (including safe
deposit box) of a party to the transfer and shall have the meaning prescribed in General
Ruling No. 4 except that it shall not be deemed to include an account not treated as
a blocked account by the person with whom such account is held or maintained.
(d) the term "effective date of the Order" shall have the meaning prescribed in
General Ruling No. 4 except that "the effective date of the Order" as applied to any
person whose name appears on the Proclaimed List of Certain Blocked Nationals
shall be the date upon which the name of such person first appeared on such list.
(e) the term "transfer by operation of law" shall be deemed only to mean any
transfer of any dower, curtesy, community property, or other interest of any nature
whatsoever, provided that such transfer arises solely as a consequence of the existence
or change of marital status; any transfer to any person by intestate succession; any
transfer to any person as administrator, executor, or other fiduciary by reason of any
testamentary disposition; any transfer to any person as administrator, executor, or
fiduciary by reason of judicial appointment or approval in connection with any
testamentary disposition or intestate succession; and any transfer pursuant (i)
Netherlands Royal Decree of May 24, 1940, and (ii) Norwegian Provisional Decree
of April 22, 1940, concerning the monetary system, etc.
(6) Nothing contained in this general ruling shall be deemed to affect in any way
criminal liability for violation of the Order, or the regulations, ruling, circulars or instruc-
tions issued thereunder, or in connection therewith, or to otherwise modify any provision
thereof.
By direction of the President:
H. MORGENTHAU, Ja.
Secretary of the Treasury
Regraded Unclassified
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE,
Press Service
Tuesday, April 21, 1942.
No. 31-28
The Treasury Department in . formal statement Issued today called attention to the fact
that all unlicensed transfers of blocked assets in the United States are void and unenforceable.
General Ruling No. 12, issued by the Secretary of the Treasury, makes clear that unlicensed
transfers of blocked assets in violation of the freezing orders, and transfers designed or having
the effect of evading such orders, always have been void and unenforceable.
Secretary Morgenthau, commenting on today's general ruling, pointed out that these unlicensed
transfers of blocked assets always have been void and unenforceable under the freezing orders
and that today's ruling serves the purpose of emphasizing this fact for the benefit of any of the
public who may have overlooked this aspect of freezing control.
He also called attention to the provisions of the ruling, making it possible for persons who
have been parties to unlicensed transfers of blocked assets to file applications for licenses to
validate these transfers.
"The Treasury, of course, wants to be reasonable about this matter," he stated, "we do not
propose to allow our regulations, intended for the protection of our country and the United
Nations, to become an instrumentality for defeating their interests or producing unconscionable
advantages or unreasonable hardships. These matters can be dealt with by licenses without undue
interference with the purposes of freezing control."
Treasury officials pointed out that there are more than seven billion dollars in blocked assets
in the United States. The Government's policy on this matter, as reflected in today's formal
ruling, has nullified attempts by the Axis to gain title to the billions of dollars in assets belonging
to nationals of the countries overrun by the Axis. It has defeated efforts of the Axis to wrest
control of such assets away from their lawful owners and hold them in the hopes that in the
post-war period it will be possible to realize on such assets if freezing restrictions are lifted. Of
equal significance is the fact that it has destroyed any possible black market in neutral countries
for blocked assets-one of the ways the Axis would like to be able to obtain the foreign credit
necessary to finance imports from neutral countries into Axis territory and also one of the ways
the Axis would like to be able to gain the funds necessary to subsidize espionage, sabotage and
fifth column activities in the United Nations, Latin America and elsewhere.
Treasury officials explained that based on the evidence of what the Axis was doing with assets
of the overrun countries within their physical control, Axis efforts in an operation of this charae-
ter would follow no single pattern. Rather they would run the gamut from outright duress-
assignments at the point of a gun, or with the Gestapo as "witnesses"-through to the more
subtle "legal" transfers-the purchase of such blocked assets against payment in local currency
obtained as occupation costs or by forced loan from banking institutions in the occupied areas.
In these latter cases the point of the gun would not be levelled at the individual but would be
levelled at the central bank and "Quisling" governments who would provide the credit for the
Axis to "buy" their country's birthright.
The net effect of such transfers would not vary however, they would be intended to mulet the
overrun countries of the very life-blood of any post-war reconstruction, namely, the foreign
exchange needed to obtain the goods and services necessary for rebuilding the economies of these
countries. Axis war psychology would be benefited also-by depriving the holders of their title
to these assets the Axis would encourage a spirit of defeatism and a willingness to succumb to
the German "new order".
Officials also explained that based on the operation of the neutral black market in looted assets
physically in the control of the Axis, it was easy to anticipate the type of black market the enemy
might try to foster for "blocked assets". This neutral black market operation would be designed
to give the Axis immediate returns on blocked assets even though the Axis could not get such
assets out from under our freezing regulations. In this case the assets would be assigned or
otherwise transferred to neutral speculators at heavy discount in order that the Axis could obtain
credit now to buy goods and services in neutral countries and thus assist the war effort. Of course
some of these black market operations would be for the obvious purpose of lining the pockets of
Axis officialdom as insurance against the day when the Axis is crushed. Neutral speculators would
either hold such assignments with the intent of salvaging on them after the war or in the hope
of being able to squeeze the blocked assets through the freezing control by one trick or another.
As was pointed out, since freezing control makes null and void or unenforceable all transfers
with respect to blocked assets unless licensed by the Secretary of the Treasury, Axis attempts to
gain title to these assets are frustrated and the true owner's interests are protected and he con-
tinues to have a valuable stake in a victory by the United Nations.
Commenting upon today's ruling, Secretary Morgenthau stated: "This government served
notice on the world when we froze the assets of Norway and Denmark on April 10, 1940, that we
did not intend to permit the Axis to realize any use or benefit from Norwegian and Danish assets
in the United States. Since that time we have consistently pursued this policy with respect to
every unequivocal. country We will not allow the Axis, directly or indirectly, to gain any interest in the seven
falling under the Axis yoke. The policy of this government interest always in has been
be used against the United Nations by the Axis. Neither will they be used Pacific.' as a part of Germany's
billion dollars in blocked assets in this country. Neither those funds nor any them will
economic new order' in Europe or Japan's 'co-prosperity sphere' in the
normal legitimate commercial transactions, still the Government was combatting of a menace of
It was emphasized that while freezing control attempted to interfere as little as possible with
licensing technique must be freely used to prevent hardship in legitimate cases. Thus, under the
loop-holes. Freezing control and the Government's policy is therefore comprehensive and the
sweeping proportions and was compelled to block all corrosive efforts infiltration through
freezing orders, more than eighty general licenses have been issued, permitting vasc categories
of transactions under appropriate safe-guards without even filing an application. In addition, more
than 400,000 specific licenses also have been issued.
Paragraph (1) of today's general ruling deals with unlicensed transfers made after the effec-
tive date of the freezing orders involving property in blocked accounts, If any such transfer
was made after the account was actually blocked, then the transfer is null and void unless licensed
Thus, if a bank blocked the account of a national of Denmark on April 10, 1940, and on June 10,
1940, the national attempted to assign title to the account to a German, the transfer would be
null and void unless the Treasury licensed it. On the other hand, if a transfer were made before
the account was actually blocked, but attempt was made to enforce it while the account was
in fact blocked, the transfer would be unenforceable. By way of example: On July 15, 1941, John
Doe, resident in Argentina, assigned his account with an American bank to Richard Roe in
the United States. On September 15, 1941, the Treasury instructed the bank to block the account
of John Doe as a national of Rumania. After September 15, 1941, the assignment would be
unenforceable against John Doe's blocked account unless the transfer were licensed by the Treas-
ury Department.
Paragraph (2) of the general ruling deals with transfers alleged to have been made before
the effective date of the freezing orders but involving accounts thereafter blocked. These trans-
fers are unenforceable against blocked accounts unless the person with whom the blocked account
was held or maintained had written notice of the transfer or had recognized it in writing prior
to the effective date of the Order. Thus, if in the example above, the national of Denmark had
assigned the bank account to the German in 1937 and the bank was not notified of the assignment
until June 10, 1940, the assignment would be unenforceable against the blocked account unless
licensed. If, on the other hand, the bank was notified in writing of the assignment before April 10,
1940, then the assignment is enforceable against the blocked account (but, of course, payment
from the blocked account could only be made pursuant to Treasury license).
Treasury officials pointed out that the policy behind paragraph (2) of the general ruling was
understandable. If the general ruling had been merely prospective in operation, it would be easy
for Axis agents to validate transfers obtained under duress by the subterfuge of dating them prior
to the effective date of the Executive Order. This would, of course, defeat one of the major pur-
poses of freezing control. Officials pointed out that in those cases where notice of the transfer
was given to the person maintaining the account in this country and where the transfer had been
accepted by that person as valid, the provisions of the general ruling are inapplicable since under
those circumstances the notice is an adequate precaution to guarantee that the transfer was made
prior to the effective date of freezing control.
Paragraph (3) of the ruling provides that a license issued by the Treasury Department, either
before or after a transfer, completely validates the transfer for the purposes of freezing control.
Of course, if an assignment would have been invalid without freezing control, (e.g., because not
properly executed) a Treasury license does not purport to remedy this type of invalidity.
Paragraph (4) is but a formal statement of the position which the Treasury Department has
always taken on litigation (including attachments) affecting blocked assets. The Treasury has no
desire to limit the bringing of suits in courts within the United States, provided that no greater
interest is created by virtue of the attachment, judgment, etc., than the owner of the blocked
account could have voluntarily conferred without a license. Thus, the Treasury does not want to
interfere with the orderly consideration of cases by the courts provided that the results of court
proceedings are subject to the same policy consideration from the point of view of freezing con-
trol as those arising through voluntary action of the parties.
Paragraph (5) defines various terms employed in the ruling. For example: the term "transfer"
is given a very comprehensive meaning, excepting only certain types of transfers by operation
of the law (e.g., transfer by intestate succession). The term "property" is broad but by and large
does not include mere chattels or real property, The term "blocked account" is in effect limited
or maintained.
to accounts actually treated as blocked accounts by the person with whom such account is held
Paragraph (6) is technical in character and reserves the full right of the Government to
prosecute for violations of the freezing orders and emphasizes that General Ruling No. 12 is
not intended to modify outstanding freezing orders, regulations, etc.
GENERAL RULING NO. 12-Effect of Unlicensed Transfers
This general ruling calls attention to the fact that transfers of blocked assets are void
except as licensed by the Treasury Department. The term "transfer" is defined very broadly
and includes such less obvious forms of transfer as the creation of & lien by court process.
Transfers may be validated by 8 license from the Treasury Department. Nothing in this
general ruling affects criminal liability for violations of freezing control.
DISPOSICIÓN GENERAL NO. 12-Efecto de las Transferencias no Autorizadas
Esta disposición general llama la atención hacia el hecho de que la transferencia de activos
bloqueados es nula excepto si se hace con la correspondiente licencia de la Secretaría -del
Tesoro. El término "transferencia" tiene un significado lato e incluye aquellas formas de
transferencia menos evidentes, como la creación de un gravamen por mandamiento judicial.
Las transferencias pueden ser convalidadas mediante licencia expedida por la Secretaría del
Tesoro. Nada de lo que contenga esta disposición general afecta la responsabilidad criminal
por infracciones al sistema de inmovilización de fondos.
Regraded Unclassified
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General Ruling No as
PROCEDURE REGARDING APPLICATIONS FOR UNBLOCKING
OF CERTAIN ACCOUNTS AND OTHER PROPERTY
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
May 22, 1942.
GENERAL RULING NO. 13
UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, SECTIONS 3(a) AND 5(b) OF THE
TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941,
RELATING TO FOREIGN FUNDS CONTROL
(1) This general ruling relates to the procedure to be followed in connection with the filing
of applications for the unblocking of accounts or other property in which applications it is
alleged that no person having an interest in the property involved is a national of a blocked
country.
(2) Any interested party is entitled to file such an application. Such application shall be
filed in the manner provided in section 130.3 of the Regulations, and shall contain full informa-
tion in support of the administrative action requested. The application for administrative action
may be filed on Form TFU-1 or on Form TFE-1 (even though the request for administrative
action is not a request for a license), and any documents or other data as may be relevant to the
application should be attached to and made a part of the application.
(3) The applicant is entitled to be heard on the application. If the applicant desires to be
heard on the application, either before or after the Treasury Department has taken action on
such application, he should so notify the Treasury Department. Such notice should contain an
appropriate reference to the application involved and the names of the parties desiring to be
heard with respect to the application.
E. H. FOLEY, JR.,
Acting Secretary of the Treasury.
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE,
Press Service
Friday, May 22, 1942.
No. 31-74
The Treasury Department in a formal statement issued today called attention to the fact
that any interested party is entitled to file an application for the unblocking of accounts or other
property on the grounds that no blocked national has an interest in the property, and is entitled
to be heard on such application. General Ruling No. 13, issued today, makes this clear and sets
forth the procedure for filing applications.
The Treasury Department noted that in this situation, as in all other situations arising
under the freezing control, full opportunity will continue to be afforded to anyone desiring a
hearing on an application.
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The
GENERAL RULING NO. 13-Hearings on Unblocking
This Sech ruling provides that any interested person may file an application for the unblocking
of an account and is entitled to be heard on such application.
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DISPOSICIÓN GENERAL NO. 13-Audiencias sobre la "descongelación" de las cuentas of
Esta disposición estatuye que cualquier persona interesada puede presentar una solicitud
para la "descongelación" de una cuenta y tiene derecho & ser oída en relación con tal solicitud.
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1945,
GENERAL RULING NO. 13-Hearings on Unblocking
This ruling provides that any interested person may file an application for the unblocking
of an account and is entitled to be heard on such application.
DISPOSICIÓN GENERAL NO. 13-Audiencias sobre la "descongelación" de las cuentas
Esta disposición estatuye que cualquier persona interesada puede presentar una solicitud
para la "descongelación" de una cuenta y tiene derecho & ser oida en relación con tal solicitud.
TREASURY DEPARTMENT,
Office of the Secretary,
June 14, 1941.
GENERAL LICENSE NO. 1, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 1 is hereby amended to read as follows:
A general license is hereby granted authorizing any payment or transfer of credit to a
blocked account in a domestic bank in the name of any blocked country or national thereof
providing the following terms and conditions are complied with:
(1) Such payment or transfer shall not be made:
(a) From any blocked account in a domestic bank; or
(b) From any other blocked account if such payment or transfer represents, directly
or indirectly, a transfer of the interest of a blocked country or national thereof to
any other country or person.
(2) This general license shall not be deemed to authorize:
(a) Any payment or transfer to any blocked account held in a name other than that
of the blocked country or national thereof who is the ultimate beneficiary of such
payment or transfer; or
(b) Any foreign exchange transaction including, but not by way of limitation, any
transfer of credit, or payment of an obligation, expressed in terms of the currency
of any foreign country.
This general license should not be employed to make any payment or transfer of credit com-
prising an integral part of a transaction which cannot be effected without the subsequent issu-
ance of a further license.
D. W. BELL
Acting Secretary of the Treasury
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 1-Payments to Blocked Accounts In Banks
General License No. 1 permits payments to blocked nationals to be made by paying into
blocked accounts in United States banks. The license may not be used by one blocked national
to pay another, nor may it be used by anyone to pay one blocked national for the account of
another blocked national. The license may not be used to effect any part of a foreign exchange
transaction nor any part of any other transaction requiring a further freezing control license.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 1-Pagos a las cuentas bloqueadas en los bancos
La Licencia General No. 1 permite que se hagan pagos & los nacionales bloqueados por
medio de pagos hechos a las cuentas bloqueadas en bancos de los Estados Unidos. La licencia
no podrá ser usada por un nacional bloqueado para pagarle a otro, ni podrá ser usada por persona
alguna para pagarle a un nacional bloqueado en favor de otro nacional bloqueado. La licencia
no podrá ser usada para llevar a cabo parte alguna de una transacción de cambio sobre el exte-
rior, ni parte alguna de cualquier otra transacción que requiera una licencia ulterior de acuerdo
con el sistema de inmovilización de fondos.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio 0 comunicación
de ninguna naturalesa con un nacional enemigo.)
TRANSFERS OF SECURITIES TO BLOCKED ACCOUNTS IN DOMESTIC BANKS
TREASURY DEPARTMENT
Office of the Secretary
October 9, 1941
GENERAL LICENSE NO. 1A, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted authorizing transactions ordinarily incident to the
transfer of securities from a blocked account in the name of any person to a blocked
account in the same name in a domestic bank, provided both of the following terms and
conditions are complied with:
(1) Such securities shall not be transferred from any blocked account in a
domestic bank; and
(2) Such securities shall not be transferred from any other blocked account if
such transfer represents, directly or indirectly, a transfer of the interest of a blocked
country or national thereof to any other country or person.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
GENERAL LICENSE NO. 1A-Tranafer of Securities to Blocked Accounts in Banks
This general license permits persons holding securities for a blocked national to place them
in a blocked account in a bank in the name of the national. It also permits securities held in a
blocked account with a securities broker to be transferred to a blocked account with a bank,
providing there is no change in the ownership of the account.
(This license in subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 1A-Traspaso de valores a cuentas bloqueadas en bancos
Esta licencia general permite a personas poseedoras de valores pertenecientes a un nacional
bloqueado depositarlas en una cuenta bloqueada en un banco & nombre de dicho nacional.
También autoriza el traspaso de valores en una cuenta bloqueada con un corredor de
valores, a una cuenta bloqueada en un banco, siempre y cuando que no se haga cambio alguno
en el título de la cuenta.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
ENTRIES TO CERTAIN ACCOUNTS FOR SERVICE CHARGES
TREASURY DEPARTMENT
Office of the Secretary
October 9, 1941
GENERAL LICENSE NO. 2, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 2 is amended to read as follows:
(1) A general license is hereby granted:
(a) Authorizing any banking institution within the United States to debit any
blocked account with such banking institution (or with another office within the United
States of such banking institution) in payment or reimbursement for normal service
charges owed to such banking institution by the owner of such blocked account;
(b) Authorizing any banking institution within the United States to make book
entries against any foreign currency account maintained by it with a banking institu-
tion in any blocked country for the purpose of responding to debits to such account for
normal service charges in connection therewith.
(2) Any banking institution within the United States which during any quarterly
period makes any entries to any account in an aggregate amount in excess of $25 under the
authority of this general license shall file promptly with the appropriate Federal Reserve
Bank a report showing the name of such account and the aggregate amount of the entries
to such account under the authority of this general license during such quarterly period.
(3) As used in this general license, the term "normal service charges" shall include
charges in payment or reimbursement for interest due; cable, telegraph, or telephone
charges; postage costs; custody fees; small adjustment charges to correct bookkeeping
errors; and, but not by way of limitation, minimum balance charges, account carrying
charges, notary and protest fees, and charges for reference books, photostats, credit reports,
transcripts of statements, registered mail insurance, stationery and supplies, checkbooks,
and other similar items.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations.
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 2-Entries for Bank Service Charges
This license permits a bank to debit blocked accounts for normal service charges assessed
against the accounts. It also permits banks to pay banks in blocked countries for normal
service charges arising in connection with authorized transactions.
Reports are required on items in excess of $50.
(This license is subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 2-Cargos por servicios bancarios
Esta licencia le permite a un banco cargar & las cuentas bloqueadas los servicios normales
imputables & dichas cuentas. También permite & los bancos pagarles & otros bancos en países
bloqueados por servicios normales que surjan en relación con transacciones autorizadas.
Se exige la rendición de informes en el caso de partidas que excedan de cincuenta dólares
($50.00).
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT,
Office of the Secretary,
October 10, 1940.
GENERAL LICENSE NO. 4, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.®
A general license is hereby granted authorizing the bona fide sale of securities on a national
securities exchange by banking institutions within the United States for the account, and pursuant
to the authorization, of nationals of any of the foreign countries designated in Executive Order
No. 8389 of April 10, 1940, as amended, and the making and receipt of payments, transfers of credit,
and transfers of such securities which are necessary incidents of any such sale, provided that:
(a) the proceeds of the sale are credited to an account in the name of the national for whose
account the sale was made and in the banking institution within the United States which held the
securities for such national; and
(b) this general license shall not be deemed to authorize the sale of any security registered or
inscribed in the name of any of the foreign countries designated in Executive Order No. 8389 of
April 10, 1940, as amended, or any national thereof, irrespective of the fact that at any time
(whether prior to, on, or subsequent to April 10, 1940) the registered or inscribed owner thereof
may have, or appears to have, assigned, transferred or otherwise disposed of the security.
Each banking institution making any sales herein authorized is required to file promptly with
the appropriate Federal Reserve bank weekly reports showing the details of the transactions,
including a description of the securities sold, the dates of sales, the persons for whose account the
sales were made, and the prices obtained.
This amendment of General License No. 4 shall not be deemed to prevent the completion on
or prior to June 6, 1940 of purchases and sales, which were made prior to June 4, 1940 pursuant to
General License No. 4, of securities other than securities registered or inscribed in the name of
any of the foreign countries designated in Executive Order No. 8389 of April 10, 1940, as amended,
or any national thereof.
D. W. BELL
Acting Secretary of the Treasury
Part 134:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex. Order 8493, July 25, 1940;
Regulations, April 10, 1940, as amended May 10, 1940, June 17, 1940 and July 15, 1940.
GENERAL LICENSE NO. 4-Sale of Securities on National Securities Exchange
This general license permits banks and brokers, on appropriate instructions of the owner,
to sell securities held by them in a blocked account providing the proceeds of such sales are
placed in the blocked account of the owner of the securities. Such sales are only authorized
on a national securities exchange, and the license does not apply to securities registered in the
name of a national. Weekly reports are required of all sales.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 4-Venta de valores en las bolsas nacionales
Esta licencia permite a los bancos y a los corredores, a tenor de las instrucciones del dueño
sobre el particular, vender valores mantenidos por ellos en una cuenta bloqueada, siempre que
el importe de esas ventas sea colocado en la cuenta bloqueada del dueño de los valores. Tales
ventas sólo se autorizan en una bolsa nacional y la licencia no se aplica a valores registrados a
nombre de un nacional. Se requieren informes semanales de todas las ventas.
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio o comunicación
de ninguna naturalesa con us nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
June 30, 1941.
GENERAL LICENSE NO. 5, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.®
General License No. 5 is amended to read as follows:
(1) A general license is hereby granted authorizing the payment from any blocked
account to the United States or any agency or instrumentality thereof or to any state,
territory, district, county, municipality or political subdivision in the United States, of customs
duties, taxes, fees, and other obligations, owed thereto by the owner of such blocked account.
(2) Banking institutions within the United States making any such payments shall file
promptly with the appropriate Federal Reserve Bank monthly reports setting forth the
details of such transactions during such period.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
* Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
GENERAL LICENSE NO. 5-Payments to the United States and Political Subdivisions From Blocked
Accounts
This general license was issued to permit taxes or other fees to be paid by blocked nationals
to the Government. Monthly reports are required from banking institutions regarding the
details of such payments.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 5-Pages a los Estados Unidos y a sus subdivisiones políticas con fondos pro-
venientes de cuentas bloqueadas
Esta licencia general fué expedida para permitirles & los nacionales bloqueados el pago de
impuestos y otros derechos al Gobierno. Se requiere de las instituciones bancarias la presenta-
ción de informes mensuales detallados sobre tales pagos.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio 0 comunicación
de ninguns naturalesa con un nacional enemigo.)
COMMODITIES FUTURES CONTRACTS
TREASURY DEPARTMENT
Office of the Secretary
October 24, 1941
GENERAL LICENSE NO. 9, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 9 is amended to read as follows:
(1) A general license is hereby granted authorizing the bona fide purchase and sale
of commodity futures contracts and of evidences of ownership of actual commodities on an
exchange or board of trade within the United States by banking institutions within the
United States, for the account of nationals of any blocked country, pursuant to the instruc-
tions of such nationals, and necessary transfers or other dealings in evidences of ownership
of commodities, transfers of credit and payments between accounts in banking institutions
within the United States as required in connection with such purchases or sales or because
of fluctuations in the market value of the commodities covered by such contracts or evi-
dences of ownership, provided that:
(a) No such purchase shall be made except for the purpose of covering a short
position taken prior to October 25, 1941, in the account of the national for whom the
purchase is made;
(b) No such sale shall be made except for the purpose of liquidating a long posi-
tion taken prior to October 25, 1941, in the account of the national for whom the sale
is made; and
(c) In the case of either purchase or sale the net proceeds of the transaction
are credited to a blocked account in the name of the national for whose account the
transaction was effected and in the banking institution within the United States which
maintains the account for which the transaction was effected.
(2) Each banking institution engaging in any transaction herein authorized is required
to file promptly with the appropriate Federal Reserve Bank monthly reports showing the
details of each such transaction, including a description of the commodity futures contracts
or evidences of ownership of actual commodities purchased or sold, the dates of the pur-
chases or sales, the persons for whose account the purchases or sales were made, the price
at which each purchase was made, the name of the exchange or board of trade on which
each such transaction was effected, and the net market position in the commodity in ques-
tion of the national for whose account the transaction was effected before such transaction
and after such transaction.
E. H. FOLEY, JR.
Acting Secretary of the Treasury
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex, Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941: Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
3.1
GENERAL LICENSE NO. 9-Commodity Futures
This general license permits blocked nationals to deal in commodity futures on national
commodity exchanges solely for the purpose of liquidating future contracts entered into prior
to October 25, 1941, providing the proceeds are placed in a blocked account. Reports are re-
quired of transactions effected.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 9-Artículos de entrega futura
Esta licencia general les permite & los nacionales bloqueados comerciar en artículos de
entrega futura en lonjas nacionales a los solos efectos de liquidar contratos futuros concertados
antes del 25 de octubre de 1941, siempre que el producto de la transacción sea colocado en una
cuenta bloqueada. Se requieren informes sobre las transacciones efectuadas.
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
October 10, 1940.
GENERAL LICENSE NO. 11, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted authorizing payments and transfers of credit in the United
States from accounts in banking institutions within the United States in which a national of
any of the foreign countries designated in Executive Order No. 8389 of April 10, 1940, as amended,
has a property interest within the meaning of the Executive Order of April 10, 1940, as amended.
and the Regulations issued thereunder, to or upon the order of the person in whose name the
account is held, provided that (a) the banking institution making any such payments or trans-
fers of credit satisfies itself that such payments and transfers of credit are needed for living.
traveling and similar personal expenses in the United States, (b) such payments and transfers
of credit by such banking institution do not exceed $500 in any one month to or for the account
of any one depositor, and (c) each banking institution making any such payments or transfers
of credit shall file promptly with the appropriate Federal Reserve bank monthly reports showing
the details of such payments and transfers of credit,
D. W. BELL,
Acting Secretary of the Treasury.
Part 141;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 12 U. S. C. 95a; Ex. Order 6560, Jan. 15, 1934; Ex. Order 8389, April 10, 1940; Ex. Order 8405,
May 10, 1940; Regulations, April 10, 1940, as amended May 10, 1940.
GENERAL LICENSE NO. 11-Payments From Blocked Accounts for Living, Traveling, and Similar Personal
Expenses in the United States
This general license permits payments up to $500 in any one month to be made from blocked
accounts for the living and personal expenses in the United States of blocked nationals. The
banking institution making such payments must satisfy itself that the payments are needed for
living, traveling, and similar personal expenses in the United States and must file monthly reports
showing the details of such payments.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 11.-Pagos de las cuentas bloqueadas para gastos de subsistencia, de viaje y
otros gastos personales de parecida naturaleza en los Estados Unidos
Esta licencia general permite que se hagan pagos hasta la suma de quinientos dólares
($500.00) en cualquier mes con cargo a las cuentas bloqueadas para cubrir los gastos personales
y de subsistencia en los Estados Unidos de los nacionales bloqueados. La institución bancaria
que efectúe tales pagos deberá asegurarse de que los pagos son necesarios para la subsistencia,
viajes o parecidos gastos personales incurridos en los Estados Unidos y deberá presentar
informes mensuales en que se detallen tales pagos.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
LIVING AND PERSONAL EXPENSES OF JAPANESE NATIONALS
IN UNITED STATES
TREASURY DEPARTMENT
Office of the Secretary
December 11, 1941
GENERAL LICENSE NO. 11-A UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.®
(1) A general license is hereby granted authorizing payments out of the blocked
account of any national of Japan in the Continental United States for the living and
personal expenses of such national and his household; provided that the total payments
under this general license from all the blocked accounts of any one national shall not
exceed $100 in any one calendar month.
(2) Banks, employers and other persons making any such payments shall satisfy
themselves, through affidavits or otherwise, that payments out of blocked accounts for
living expenses for any one national and his household do not exceed $100 in any one
calendar month.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, and Ex. Order 8963,
December 9, 1941; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941.
The following is the text of a press release issued today respecting General Licenses
Nos. 11-A and 77:
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE,
PRESS SERVICE
Thursday, December 11, 1941
No. 29-0
The Treasury Department today announced regulations governing living expense
and wages for Japanese nationals in the United States and regulations governing Japanese
nationals engaged in the production, marketing and distributing of food and agricultural
products within the United States.
Under General License No. 11-A any Japanese national in the Continental United
States may receive up to $100 per month for living and personal expenses for him and his
family. This license permits such payments from either the national's bank account or
from his employer in the form of wages. Banks and employers making such payments
are required to make certain that the Japanese national is not drawing more than $100
under the license. Thus a Japanese national cannot draw $100 per month in the form of
wages and at the same time withdraw $100 per month from his bank accounts.
Under General License No. 77 Japanese nationals engaged in the business of pro-
ducing, marketing or distributing food or agricultural products may, with minor excep-
tions, engage in all transactions incident to the normal conduct of such business. However,
under the license a Japanese national cannot withdraw from his accounts during any one
week for such enterprises sums in excess of his average weekly withdrawals during the
last six months. Moreover, the license covers only Japanese nationals who were previ-
ously licensed under General License No. 68. This action is intended to permit the orderly
movement of fresh vegetables and other food in areas such as the Pacific coast in order
to supply the needs of our civilian population and military forces.
Regraded Unclassified
GENERAL LICENSE NO. 11A-Payments From Blocked Accounts of Japanese Nationals for Living and
Personal Expenses in the United States
This license is similar to General License No. 11 but limits the payments from blocked
Japanese accounts to $100 in any one calendar month for living and personal expenses in the
United States. Reports are required.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 11A-Pagos de cuentas bloqueadas de nacionales japoneses para gastos de
subsistencia y otros gastos personales
Esta licencia es parecida a la Licencia General No. 11, pero limita a cien dólares ($100.00)
por mes los pagos que se hagan de cuentas japonesas bloqueadas para gastos personales y de
subsistencia en los Estados Unidos. Se requiere que se rindan informes al respecto.
(Esta licencia queda supeditada a la Disposición General No. 11 7 no permite comercio 0 comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 8, 1941.
GENERAL LICENSE NO. 12, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.®
A general license is hereby granted authorizing access to safe deposit boxes leased by any of
the foreign countries designated in Executive Order No. 8389 of April 10, 1940, as amended, or a
national thereof within the meaning of the Executive Order of April 10, 1940, as amended, and
the Regulations issued thereunder, or containing property in which any of the foregoing has an
interest of any nature whatsoever, direct or indirect, and the deposit therein or removal there-
from of any property, but in each case only on the following terms and conditions:
(1) Such access shall be permitted only in the presence of an authorized representative
of the lessor of such box;
(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 banking 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 speci-
fied in such Order, as amended, of the foreign countries designated in such Order, as amended,
or any national thereof;
(3) In the event that any money or evidences of indebtedness or evidences of ownership
of property are removed from such box the banking institution which receives into its custody
any money or evidences of indebtedness or evidences of ownership of property removed from
such box shall file promptly with the appropriate Federal Reserve bank a report showing the
details of the transactions; and
(4) The lessee of such box or other person granted access to such box shall furnish to
the lessor of such box a certificate in triplicate, one copy of which shall be executed under
oath, that he has filed or will promptly file a report on Form TFR-300 with respect to such
box and the contents thereof; and the lessor of such box shall deliver the sworn copy of
such certificate, and one conformed copy thereof, to the appropriate Federal Reserve bank.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
* Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10, 1940,
as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 12-Access to Safe Deposit Boxes Leased by or Containing Property of any
Blocked Country or Blocked National
This general license permits access to blocked safe deposit boxes only in the presence of a
representative of the lessor of such box. Property removed from such safe deposit boxes must
be immediately placed in the custody of a bank which must promptly file & report on the entire
transaction. Any further transactions concerning the property of blocked nationals 80 removed
from the boxes must be specifically licensed by the Treasury Department. Persons granted
access to the above-mentioned safe deposit boxes must certify that they have or will file &
foreign property census report with respect to the box and its contents.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 12-Acceso a cajas de seguridad arrendadas por o que contengan propledad
perteneciente a eualquier país 0 nacional bloqueado
Esta licencia general permite el acceso a las cajas de seguridad bloqueadas, pero sólo en
presencia de un representante del arrendatario de la referida caja. Los bienes que sean remo-
vidos de la caja de seguridad deberán ser puestos inmediatamente bajo la custodia de un banco,
el cual deberá presentar con prontitud un informe sobre la transacción. Cualquier transacción
ulterior relacionada con los bienes de nacionales bloqueados retirados de las cajas deberá
ser específicamente autorizada por medio de una licencia expedida por la Secretaría del Tesoro.
Las personas a quienes se dé acceso & las cajas de seguridad antes mencionadas deberán certificar
que han presentado o que presentarán al censo de la propiedad extranjera un informe relativo
8 la caja y su contenido.
(Esta lleencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
CERTAIN OFFICES OF CERTAIN NETHERLANDS BANKS- GENERALLY
LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended March 13, 1942*
GENERAL LICENSE NO. 13, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing as generally licensed nationals:
(a) the Bombay and Calcutta offices of the Nederlandsch Indische Handelsbank;
Revised
March 13, 1942
(b) the Djeddah, Rangoon, Calcutta and Bombay offices of the Nederlandsche Handel
Maatschappij.
Any transaction engaged in by any such office of any such bank pursuant to the order of or for the
account of any other national of the Netherlands is also hereby authorized to the same extent, and
under the same circumstances, as though such transaction were solely for the account of such
office of such bank; provided, however, that this authorization shall not be deemed to permit any
payment, transfer or withdrawal from any blocked account.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
*
By Public Circular No. 17.
Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex.
Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10, 1940, as amended
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 13-Indian Offices of Certain Dutch Banks Licensed as Generally Licensed
Nationals
General License No. 13 permits the Bombay and Calcutta offices of the Nederlandsch
Indische Handelsbank (Dutch national) and the Djeddah, Calcutta, and Bombay offices of
the Nederlandsche Handel Maatschappij (Dutch national) to do business for their own account
and for the account of Dutch nationals in the areas in which they are located.
(This license in subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 13-Considera nacionales con licencia general a las oficinas en Is India de
clertos bancos holandeses
La Licencia General No. 13 permite a las oficinas del Nederlandsch Indische Handelsbank
(nacional holandés) en Bombay y Calcuta y a las oficinas del Nederlandsch Handel Maat-
schappij (nacional holandés) en Djeddah, Calcuta y Bombay hacer negocios por su propia
cuenta y por cuenta de los nacionales holandeses en los lugares en que se encuentran radicadas.
(Esta licencia queda supeditada a. la Disposición General No. 11 , no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
CERTAIN OFFICES OF CERTAIN BANKS IN NETHERLANDS WEST INDIES-
GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended January 20, 1942*
GENERAL LICENSE NO. 14, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.
General License No. 14 is amended to read as follows:
(1) A general license is hereby granted licensing as generally licensed nationals:
(a) the Willemstad (Curacao) offices of:
(i) the Curacaosche Bank;
(ii) the Maduro & Curiel's Bank;
(iii) the Edwards Henriquez & Co.; and
(b) the Oranjestad (Aruba) office of the Aruba Bank.
Any transaction engaged in by any such office of any such bank pursuant to the order of or
for the account of any other national of the Netherlands is also hereby authorized to the
same extent, and under the same circumstances, as though such transaction were solely for
the account of such office of such bank; provided, however, that this authorization shall
not be deemed to permit any payment, transfer or withdrawal from any blocked account.
Deletion
January 20, 1942
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
* By Public Circular No. 13 which affects Parts 130 and 131 and will be included in appendices to
those parts.
See. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
GENERAL LICENSE NO. 14-Certain West Indian Offices of Certain Dutch Banks Licensed as Generally
Licensed Nationals
This general license permits the Oranjestad office of the Aruba Bank (Dutch national)
and the Willemstad offices of the Curacaosche Bank, the Maduro & Curiel's Bank, and the
Edwards Henriquez & Co. (Dutch nationals) to do business for their own account and for the
account of Dutch nationals in the areas in which they are located.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 14-Considers nacionales con licencia general a clertas oficinas de bancos
holandeses en las Indias Occidentales
Esta licencia general permite a la oficina de Oranjestad del Aruba Bank (nacional holandés)
y & las oficinas de Willemstad del Curaçaosche Bank, al Maduro & Curiel's Bank, y a Edwards
Henríquez & Cla. (nacional holandés) llevar a cabo transacciones comerciales por su propia
cuenta y por cuenta de los nacionales holandeses en los lugares en que se encuentran radicados,
(Esta licencia queda supeditada a. la Disposición General No. 11 7 no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TRANSACTIONS INCIDENT TO TRADE BETWEEN THE UNITED STATES AND THE
NETHERLANDS EAST INDIES AND THE NETHERLANDS WEST INDIES
TREASURY DEPARTMENT
Office of the Secretary
As amended January 20, 1942*
GENERAL LICENSE NO. 15, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.
General License No. 15 is amended to read as follows:
(1) A general license is hereby granted authorizing all transactions ordinarily incident
to the importing and exporting of goods, wares and merchandise between the United States
and the Netherlands East Indies and between the United States and the Netherlands West
Indies, provided the following terms and conditions are complied with:
(a) Imports and exports between the United States and such areas shall not be
financed, directly or indirectly, from any blocked account in which any blocked
country or any national thereof, other than the Netherlands or any national
thereof, has an interest; and
(b) Imports and exports between the United States and such areas shall not
involve, directly or indirectly, property in which any blocked country or any
national thereof, other than the Netherlands or any national thereof, has an
interest, or has had an interest since the effective date of the Order.
Deletion
January 20, 1942
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
* By Public Circular No. 13 which affects Parts 130 and 131 and will be included in appendices to
those parts.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex. Order 8389, April 10, 1940, as amended by "Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941: Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 15-Trade With Netherlands West Indies
General License No. 15 authorizes any trade with Dutch nationals in the Netherlands
West Indies.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 15-Comercio con las Indias Occidentales Holandesas
La Licencia General No. 15 autoriza cualquiera operación comercial con los nacionales
holandeses radicados en las Indias Occidentales Holandesas.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio 0 comunicación
de ninguns naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
June 7, 1941.
GENERAL LICENSE NO. 18, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.®
General License No. 18 is amended to read as follows:
A general license is hereby granted licensing the New York Office of the French Amer-
ican Banking Corporation as a generally licensed national.
D.W.BELL,
Acting Secretary of the Treasury.
Part 148;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex. Order 8493, July 25,
1940; Ex. Order 8565, October 10, 1940; Ex. Order 8701, March 4, 1941; Ex. Order 8711, March 13, 1941;
Ex. Order 8721, March 24, 1941; Ex. Order 8746, April 28, 1941; Regulations, April 10, 1940, as amended
May 10, 1940, June 17, 1940, July 15, 1940, October 10, 1940, March 4, 1941, March 13, 1941, March 24,
1941 and April 28, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 18-New York Office of French American Banking Corpoçation-Licensed as
Generally Licensed National
General License No. 18 permits the New York office of the French American Banking
Corporation (French national) to do business for its own account.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 18-Considera nacional con licencia general 8 Is oficina en Nueva York de in
French American Banking Corporation
La Licencia General No. 18 permite a la oficina de Nueva York de French American Bank-
ing Corporation (nacional franées) efectuar transacciones por su propia cuenta.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
CERTAIN SOUTH AMERICAN, WEST INDIAN AND NEAR EASTERN OFFICES OF CER-
TAIN NETHERLANDS BANKS-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended January 20, 1942*
GENERAL LICENSE NO. 19, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.
General License No. 19 is amended to read as follows:
(1) A general license is hereby granted licensing as generally licensed nationals:
(a) the Buenos Aires, Caracas and Maracaibo offices of Banco Holandes Unido;
(b) the Rio de Janeiro, Santos and Sao Paulo offices of Banco Hollandez Unido;
(c) the Willemstad and Oranjestad offices of Hollandsche Bank-Unie; and
(d) the Haifa and Istanbul offices of Holland Bank Union.
Any transaction engaged in by any such office of any such bank pursuant to the order of or
for the account of any other national of the Netherlands is also hereby authorized to the
same extent, and under the same circumstances, as though such transaction were solely for
the account of such office of such bank; provided, however, that this authorization shall
not be deemed to permit any payment, transfer or withdrawal from any blocked account.
Deletion
January 20, 1942
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
By Public Circular No. 13 which affects Parts 130 and 131 and will be included in appendices to
those parts.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 19-Certain South American, West Indian, and Near Eastern Offices of Certain
Dutch Banks Licensed as Generally Licensed Nationals
General License No. 19 permits the Buenos Aires, Caracas, and Maracaibo offices of
Banco Holandes Unido (Dutch national); the Rio de Janeiro, Santos, and Sao Paulo offices
of Banco Hollandez Unido (Dutch national); the Willemstad and Oranjestad offices of Hol-
landsche Bank-Unie (Dutch national); and the Haifa and Istanbul offices of Holland Bank
Union (Dutch national). to do business for their own account and for the account of Dutch
nationals in the areas in which they are located.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 19-Considera nacionales con licencia general a clertas oficinas de clertos bancos
holandeses en la América del Sur, en las Indias Occidentales y en el Cercano Oriente
La Licencia General No. 19 permite & las oficinas del Banco Holandés Unido (nacional ho-
landés) radicadas en Buenos Aires, Caracas y Maracaibo; & las oficinas del Banco Holandés
Unido (nacional holandés) radicadas en Rio de Janeiro, Santos y São Paulo; & las oficinas del
Hollandsche Bank-Unie (nacional holandés) radicadas en Willemstad y Oranjestad y & las
oficinas de la Holland Bank Union (nacional holandés) en Haifa y Estambul, efectuar transac-
ciones por su propia cuenta y por cuenta de nacionales holandeses en los lugares en que están
radicadas.
(Esta licencia queda supeditada a Is Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
PAYMENTS FROM ACCOUNTS OF UNITED STATES CITIZENS DOMICILED
OR RESIDING IN NETHERLANDS WEST INDIES
TREASURY DEPARTMENT
Office of the Secretary
As amended March 13, 1942*
GENERAL LICENSE NO. 20, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
A general license is hereby granted authorizing banking institutions within the United States
Revised
March 13, 1942
to make all payments, transfers and withdrawals from accounts in the name of any individual who
is a citizen of the United States and who is domiciled in, or resident of, the Netherlands West
Indies; provided that no foreign country named in Executive Order No. 8389, as amended, or any
national thereof (other than such citizen of the United States) has, or has had at any time
(whether prior to, on, or subsequent to April 10, 1940), any interest of any nature whatsoever,
direct or indirect, in such account.
Banking institutions within the United States making such payments, transfers or with-
drawals shall file promptly with the appropriate Federal Reserve bank weekly reports showing
the details of the transactions during such period.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
By Public Circular No. 17.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex.
Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941: Regulations, April 10, 1940, as amended
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 20-Payments From Accounts of United States Citizens Domiciled or Residing
In Netherlands West Indies
General License No. 20 frees the accounts of American citizens in the Netherlands West
Indies.
(This license la subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 20-Pagos a cargo de cuentas de cludadanos de los Estados Unidos que tengan
su domicilio o que residan en las Indias Occidentales Holandesas
La Licencia General No. 20 pone en circulación las cuentas de ciudadanos de los Estados
Unidos en las Indias Occidentales Holandesas.
(Esta licencia queda supeditada a la Disposición General No. 11 7 no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
NETHERLANDS TRADING SOCIETY EAST, LTD., AND NETHERLANDS TRADING
SOCIETY EAST, INC-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended March 13, 1942*
GENERAL LICENSE NO. 21, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.
General License No. 21 is amended to read as follows:
(1) A general license is hereby granted licensing the Netherlands Trading Society East,
Revised
March 13, 1942
Ltd., London and the Netherlands Trading Society East, Inc., Delaware as generally licensed
nationals. Any transaction engaged in by the Netherlands Trading Society East, Ltd., Lon-
don pursuant to the order of or for the account of any other national of the Netherlands, or
by the Netherlands Trading Society East, Inc., Delaware pursuant to the order of or for the
account of any person in the Netherlands West Indies, is also hereby authorized to the
same extent, and under the same circumstances, as though such transaction were solely
for the account of such banking institutions; provided, however, that this authorization
shall not be deemed to permit any payment, transfer or withdrawal from any blocked
account.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
.
By Public Circular No. 17.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th
Congress; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832,
July 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 21-Netherlands Trading Society East, Ltd., and Netherlands Trading Society
East, Inc.-Licensed as Generally Licensed Nationals
General License No. 21 permits the Netherlands Trading Society East, incorporated in
Great Britain and in the United States (Netherlands national) to do business for itself and for
persons residing in the Netherlands West Indies.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 21-Considera nacionales con licencia general a la Netherlands Trading Society
East., Ltd., y a la Netherlands Trading Society East, Inc.
La Licencia General No. 21 permite a la Netherlands Trading Society East, incorporada
en la Gran Bretaña y en los Estados Unidos (nacional holandés), efectuar transacciones finan-
cieras por su propia cuenta y por cuenta de personas que residan en las Indias Occidentales
Holandesas.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
June 7, 1941.
GENERAL LICENSE NO. 22, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.®
General License No. 22 is amended to read as follows:
A general license is hereby granted licensing the London and New York offices of the
Banque Belge pour l'Etranger (Overseas), Limited as generally licensed nationals. Any
transaction engaged in by the London office of such bank pursuant to the order of or for
the account of any other national of Belgium is also hereby authorized to the same extent,
and under the same circumstances, as though such transaction were solely for the account
of such office of such bank; provided, however, that this authorization shall not bé deemed
to permit any payment, transfer or withdrawal from any blocked account.
D. W. BELL,
Acting Secretary of the Treasury.
Part 152;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex. Order 8493, July 25,
1940; Ex. Order 8565, October 10, 1940; Ex. Order 8701, March 4, 1941; Ex. Order 8711, March 13, 1941;
Ex. Order 8721, March 24, 1941; Ex. Order 8746, April 28, 1941; Regulations, April 10, 1940, as amended
May 10, 1940, June 17, 1940, July 15, 1940, October 10, 1940, March 4, 1941, March 13, 1941, March 24,
1941 and April 28, 1941.
GENERAL LICENSE NO. 22-London and New York Offices of Banque Belge Pour L'étranger (Overseas),
Ltd.-Licensed as Generally Licensed Nationals
General License No. 22 permits the London and New York offices of the Banque Belge
Pour L'étranger (Belgian national) to engage in business on the same basis as a United States
bank.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 22-Considera nacional con licencia general a las Oficinas de Londres y de Nueva
York de la casa Banque Belge Pour l'étranger (overseas), Ltd.
La Licencia General No. 22 permite a las oficinas de la casa Banque Belge Pour L'étranger
(nacional belga) 'efectuar transacciones en las mismas condiciones que un banco de los Estados
Unidos.
(Esta licencia queda supeditada & la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
June 30, 1941.
GENERAL LICENSE NO. 25, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted under section 2A (1) of Executive Order No. 8389, of April
10, 1940, as amended, authorizing the acquisition, disposition or transfer of, or other dealing in, or
with respect to, any security or evidence thereof, to which Treasury Department Form TFEL-2
has been previously attached or affixed by, or under the direction of, the Treasury Department:
provided, that this general license shall not be deemed to authorize any transaction prohibited by
reason of any provision (or ruling or regulation thereunder) of such Order other than section 2A
(1).
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
GENERAL LICENSE NO. 25-Attachment of Form TFEL-2
General License No. 25 permits persons who are not blocked nationals to deal in securities
bearing the stamp of a blocked country provided that a Federal Reserve Bank has attached
Form TFEL-2 to such securities.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 25-Formulario TFEL-2
La Licencia General No. 25 permite & las personas que no sean nacionales bloqueados
traficar en valores que lleven el timbre de un país bloqueado siempre que un Banco de la
Reserva Federal haya adjuntado el Formulario TFEL-2 a dichos valores.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio 0 comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
July 8, 1941.
GENERAL LICENSE NO. 26, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted under section 2A (2) of Executive Order No. 8389, of
April 10, 1940, as amended, authorizing the acquisition by, or transfer to, any person within the
United States of any interest in any American Depositary Receipt or American Share physically
situated within the United States representing any security or evidence thereof not physically
situated within the United States which Receipt or Share was admitted to dealings on a national
securities exchange on and prior to July 25, 1940; provided, however, that this general license shall
not be deemed to authorize the issuance of American Depositary Receipts or American Shares
against the deposit after July 25, 1940 of any security or evidence thereof not physically situated
within the United States; and, provided that this general license shall not be deemed to authorize
any transaction prohibited by reason of any provision (or ruling or regulation thereunder) of such
Order other than section 2A (2).
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940,
as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
GENERAL LICENSE NO. 26-Transactions in Certain Deposit Receipts
General License No. 26 permits persons who are not blocked nationals to deal in certain
designated deposit receipts located within the United States representing securities located
outside the United States. The license permits such dealings only with respect to those
receipts which were admitted to dealings on American securities exchanges prior to July 25, 1940.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 26-Transacciones relativas a ciertos recibos de depósito
La Licencia General No. 26 permite a personas que no sean nacionales bloqueados negociar
con determinados recibos de depósito que se encuentren en los Estados Unidos y que representen
valores en el extranjero. La licencia permite transacciones sólo con respecto & aquellos recibos
que con anterioridad al 25 de julio de 1940 fueron admitidos a las bolsas de valores de los
Estados Unidos.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
PAYMENTS OF DIVIDENDS AND INTEREST ON, AND REDEMPTION
AND COLLECTION OF, SECURITIES
TREASURY DEPARTMENT
Office of the Secretary
As amended January 20, 1942*
GENERAL LICENSE NO. 27, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
General License No. 27 is hereby amended to read as follows:
A general license is hereby granted authorizing:
(1) The payment to, and receipt by, a banking institution within the United States
of funds or other property representing dividends or interest on securities held by such
banking institution in a blocked account, provided that the funds or other property are
credited to or deposited in a blocked account in the name of the national for whose
account the securities were held, and in the banking institution within the United
States which held such securities; and
(2) The payment to, and receipt by, a banking institution within the United States
of funds payable in respect of securities (including coupons) presented by such bank-
ing institution to the proper paying agents within the United States for redemption
or collection for the account and pursuant to the authorization of nationals of any
blocked country, provided that:
(a) the proceeds of the redemption or collection are credited to a blocked
account in the name of the national for whose account the redemption or collec-
tion was made and in the banking institution within the United States which
held the securities for such national; and
(b) this general license shall not be deemed to authorize the presentment for
redemption of any security registered or inscribed in the name of any blocked
country, or any national thereof, irrespective of the fact that at any time (whether
prior to, on, or subsequent to April 10, 1940) the registered or inscribed owner
thereof may have, or appears to have, assigned, transferred or otherwise dis-
posed of the security ;
and
(3) The performance of such other acts, and the effecting of such other trans-
actions, as may be necessarily incident to any of the foregoing.
This general license shall not be deemed to authorize any payment, transfer or with-
drawal from a blocked account in which the issuer of, or other obligor with respect to, a
security has an interest if such issuer or obligor is a blocked country or national thereof.
Deletion
January 20, 1942
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
- By Public Circular No. 13 which affects Parts 130 and 131 and will be included in appendices to
those parts.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
GENERAL LICENSE NO. 27-Payment of Dividends and Interest and Redemption of Securities
General License No. 27 authorizes the payment into blocked accounts of interest or divi-
dends on securities owned by blocked nationals. This license also permits the redemption of
securities owned by blocked nationals and the payment of the proceeds of redemption into
blocked accounts. This license does not authorize transactions relating to securities issued by
blocked nationals; neither does it authorize transactions relating to securities registered or
inscribed in the names of blocked nationals.
(This license is subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 27-Pago de dividendos e Interés y redención de valores
La Licencia General No. 27 autoriza el pago, & favor de cuentas bloquedas, de intereses o
dividendos sobre valores propiedad de nacionales bloqueados. Esta licencia también permite
la redención de valores de propiedad de nacionales bloqueados y el pago del producto de la
redención a favor de las cuentas bloqueadas. Esta licencia no autoriza transacciones relacio-
nadas con valores emitidos por nacionales bloqueados; tampoco autoriza transacciones relaciona-
das con valores declarados o inscritos a nombre de nacionales bloqueados.
(Esta licencia queda supeditada & la Disposición General No. 11 7 no permite comercia e comunicación
de ninguna naturalesa con un nacional enemigo.)
INDIVIDUALS WHO ARE CITIZENS OF, AND RESIDING ONLY IN, UNITED STATES,
AND CERTAIN OTHER PERSONS-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
September 9, 1941.
GENERAL LICENSE NO. 28, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 28 is hereby amended to read as follows:
(1) A general license is hereby granted licensing as a generally licensed national any
individual who is:
(a) a citizen of the United States and residing only in the United States; and
(b) a national of any foreign country solely by reason of having been domiciled
or resident therein on or since the effective date of the Order:
provided, however, that this license shall not be deemed to license as a generally licensed
national any individual citizen of the United States who is a national of a foreign country
by reason of any fact other than that such individual has been domiciled or resident in such
foreign country on or since such effective date.
(2) Reports on Form TFR-300 are not required to be filed with respect to the property
interests of any individuals licensed herein as generally licensed nationals.
(3) This general license shall not be deemed to affect securities or evidences thereof
delivered, or required to be delivered, to a Federal Reserve Bank under the provisions of
General Ruling No. 5, as supplemented, or to authorize any transaction with respect to any
such securities or evidences thereof or the proceeds thereof.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941: Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded
GENERAL LICENSE NO. 28-United States Citizens Residing Only In the United States and Who Are
Nationals of a Foreign Country Solely Because of Domicile or Residence Thereln-Generally Licensed
Nationals
General License No. 28 permits American citizens returning to reside in the United States
to engage in the same activities as American citizens who are not blocked nationals. The
privileges of this general license are conferred only on those American citizens who are blocked
nationals solely because they have lived in blocked countries. This general license made it
unnecessary to file foreign property census reports with respect to the property of such persons.
This general license did not limit the applicability of General Ruling No. 5 to securities im-
ported by American citizens returning to the United States.
(This license is subject to General Buling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 28-Concede licencia general a los cludadanos de los Estados Unidos que
mantlenen residencia sólo en este país y que son nacionales de un país extranjero meramente por razón
de tener su domicilio o residencia en aquél.
La Licencia General No. 28 permite a los ciudadanos de los Estados Unidos que regresan
para establecer residencia en este país dedicarse a las mismas actividades & que se dediquen
los ciudadanos que no-son nacionales bloqueados. Se confieren los privilegios de esta licencia
general solamente a aquellos ciudadanos que son nacionales bloqueados por el mero hecho de
haber vivido en países bloqueados. Esta licencia general evita el tener que someter informes al
censo de la propiedad extranjera con respecto a la propiedad de tales personas. Esta licencia
general no limita la aplicación de la Disposición General No. 5 a los valores importados por
ciudadanos de los Estados Unidos que regresan al país.
(Esta licencia queda supeditada & la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Inli
TREASURY DEPARTMENT
Office of the Secretary
June 27, 1941
GENERAL LICENSE NO. 29, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 29 is hereby amended to read as follows:
The provisions of the following general licenses are hereby made applicable to General Rul-
ing No. 6 accounts to the extent that such general licenses are not otherwise applicable by reason
of their specifying blocked accounts or accounts of blocked countries or nationals thereof:
General License No. 1
General License No. 2
General License No. 4
General License No. 5
General License No. 27
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 29-Certain General Licenses Made Applicable to General Ruling No. 6 Accounts
General License No. 29 makes General Licenses Nos. 1, 2, 4, 5, and 27 applicable to General
Ruling No. 6 accounts.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 29-Aplica clertas licencias generales a las "Cuentas de la Disposición General
No. 6"
La Licencia General No. 29 dispone que las Licencias Generales Nos. 1, 2, 4, 5 y 27
pueden aplicarse a las "Cuentas de la Disposición General No. 6."
(Esta licencia queda supeditada a la Disposición General No. 11 7 no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
August 14, 1940.
GENERAL LICENSE NO. 30 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted authorizing any bank or trust company incorporated under
the laws of the United States or of any state, territory or district of the United States, or any private
bank subject to supervision and examination under the banking laws of any state of the United
States, acting as trustee of any trust administered in the United States or as legal representative
of any estate administered in the United States, in which trust or estate one or more persons who
are nationals of one of the foreign countries designated in Executive Order No. 8389, as amended,
have an interest, beneficial or otherwise, or are co-trustees or co-representatives, to engage in the
following transactions:
(a) payments of distributive shares of principal or income to all persons legally entitled
thereto who are not nationals of any of the foreign countries designated in such Executive
Order, as amended and
(b) other transactions arising in the administration of such trust or estate which might
be engaged in if no national of any of the foreign countries designated in such Executive Order,
as amended, were a beneficiary, co-trustee or co-representative of such trust or estate;
provided, however, that this general license shall not be deemed to authorize such trustee or legal
representative to engage in any transaction at the request, or upon the instructions, of any bene-
ficiary, co-trustee or co-representative of such trust or estate or other person who is a national of
any of the foreign countries designated in such Executive Order, as amended.
HERBERT E. GASTON
Acting Secretary of the Treasury
.
Part 160:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 45 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex. Order 8493, July 25,
1940; Regulations, April 10, 1940, as amended May 10, 1940, June 17, 1940 and July 15, 1940.
Regraded Unclassified
GENERAL LICENSE NO. 30-Administration of Certain Blocked Estates and Trusts
Banks acting as trustees or legal representatives of blocked trusts and estates adminis-
tered in the United States are authorized to perform all acts required in the administration
of such trusts and estates. The license does not permit payments to blocked nationals or
transactions effected at the request of blocked nationals.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 30-Administración de clertos testamentarios y Adelcomisos bloqueados
Los bancos que actúan como fideicomisarios o representantes legales de testamentarios
y fideicomisos bloqueados administrados en los Estados Unidos quedan autorizados para
ejecutar todos aquellos actos que requiera la administración de dichos fideicomisos y testa-
mentarios. La licencia no permite pagos a nacionales bloqueados ni transacciones efectuadas
a petición de nacionales bloqueados.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comerelo o comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
July 8, 1941.
GENERAL LICENSE NO. 31, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted authorizing banking institutions within the United States
to detach coupons from securities of the type referred to in section 2A (1) of Executive Order
No. 8389, as amended, when such securities have been in the custody or possession of such bank-
ing institutions continuously since July 25, 1940; to present such coupons for collection and to
perform such other acts and to effect such other transactions as may be necessarily incident to
such collection, notwithstanding the fact that Treasury Department Form TFEL-2 may not have
been previously attached to the securities from which such coupons are detached.
This general license shall not be deemed to authorize any transaction prohibited by reason
of any provision (or ruling or regulation thereunder) of such Order other than section 2A (1).
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940,
as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
GENERAL LICENSE NO. 31-Collection of Coupons
General License No. 31 permits a United States bank which has held continuously since
July 25, 1940, a security to which a stamp or seal has been attached in a blocked country to
detach and collect coupons on such security, even though Form TFEL-2 has never been
attached to such security. This license does not authorize any transactions in which blocked
nationals are interested.
(This license in subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 31-Cobro de cupones
La Licencia General No. 31 permite & un banco de los Estados Unidos que, sin interrupción
alguna, haya tenido en su poder desde el 25 de julio de 1940 un valor al cual se haya fijado sello
o timbre en un país bloqueado, cobrar los cupones de dicho valor, aunque no se le haya agregado
el Formulario TFEL-2 a dicho valor. Esta licencia no autoriza transacción alguna en la cual
tengan interés nacionales bloqueados.
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio 0 comunicación
de ninguna naturalesa con un nacional enemigo.)
CERTAIN REMITTANCES FOR NECESSARY LIVING EXPENSES
TREASURY DEPARTMENT
Office of the Secretary
October 23, 1941
GENERAL LICENSE NO. 32, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 32 is amended to read as follows:
(1) A general license is hereby granted authorizing remittances by any individual
through any domestic bank to any individual who is a national of a blocked country and
who is within any foreign country, and any domestic bank is authorized to effect such
remittances, provided the following terms and conditions are complied with:
(a) Such remittances are made only for the necessary living expenses of the payee
and his household and do not exceed $100 in any one calendar month to any one house-
hold, except that additional sums not exceeding $25 in any one calendar month may be
remitted for each member of the payee's household in addition to the payee, provided
that in no case shall a sum in excess of $200 per calendar month be remitted to any one
household;
(b) Such remittances are not made from a blocked account other than from an
account in a banking institution within the United States in the name of, or in which
the beneficial interest is held by, the payee or members of his household;
(c) If the payee is within any blocked country, the remittance may be effected
only:
(i) By the payment of the dollar amount of the remittance to a domestic bank
for credit to a blocked account in the name of a banking institution within such
country; or
(ii) By the acquisition of foreign exchange from a person in the United
States having a license specifically authorizing the sale of such exchange.
(d) If the payee is within any foreign country other than a blocked country the
remittance may be effected in the same manner that such remittance would be effected
if the payee were not a national of a blocked country.
(2) All individuals making such remittances and all domestic banks effecting such
remittances shall satisfy themselves that the foregoing terms and conditions are com-
plied with.
(3) Domestic banks through which any such remittances originate shall execute
promptly Section A of Form TFR-132 in triplicate with respect to each such remittance.
When so executed, such copies of Form TFR-132 shall be forwarded promptly to the
domestic bank ultimately transmitting abroad (by cable or otherwise) the payment instruc-
tions for such remittance and the latter bank shall, upon the receipt thereof, execute Section
B of such copies of Form TFR-132 and promptly file such executed report in triplicate with
the appropriate Federal Reserve Bank. If the domestic bank through which any such
remittance originates is also the bank ultimately transmitting abroad the payment instruc-
tions for such remittance, then such bank shall execute both Sections A and B of such
report. No report on Form TFR-132 shall be deemed to have been filed in compliance with
this general license unless both Sections A and B thereof have been duly executed as
herein prescribed.
(4) As used in this general license the term "househould" shall mean:
(a) Those individuals sharing a common dwelling as a family; or
(b) Any individual not sharing a common dwelling with others as a family.
E. H. FOLEY, JR.
Acting Secretary of the Treasury
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
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Thursday, October 23, 1941.
No. 28-17
The Treasury Department today took further strong measures to prevent the Axis from
realizing free dollars or other valuable foreign currencies through remittances to Axis con-
trolled areas.
of
Under today's amendment to General License No. 32 remittances to persons in the Axis
countries and in Axis controlled countries cannot be made if such remittances make free
dollars or valuable foreign currency available to the Axis. Such remittances are still per-
mitted if only blocked dollars result from the transaction.
This policy has not as yet been fully applied with respect to remittances to American
citizens in the "frozen" countries. Remittances to such Americans may continue substantially
as at present under General License No. 33.
The Treasury Department also indicated that the same strict policy would be followed in
dealing with applications for special licenses. It was further indicated that amounts made
available to American citizens in Axis countries and Axis controlled countries under special
licenses may be drastically curtailed.
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Regraded Unclassified
GENERAL LICENSE NO. 32-Remitiances for Necessary Living Expenses to Blocked Nationals Who Are
la Foreign Countries
This general license permits individuals to remit between $100 and $200 a month to blocked
nationals outside the United States for their necessary living expenses. A remittance to
8 payee within a blocked country can only be made by buying foreign exchange from an ap-
proved foreign exchange dealer or by paying dollars into a blocked account in a. United States
bank in the name of a bank in such blocked country. The United States bank through which
any remittance originates under this license must file a detailed report concerning the amount
of the remittance and the accounts and banks through which it is made. This report must
identify the remitter and the beneficiary of the remittance. In cases where the remittance
originates in one United States bank and is forwarded to another United States bank for
transmission abroad, both banks are required to file reports. Remittances may not be made
from blocked accounts other than accounts of the persons to whom the remittances are made.
Individuals within the United States initiating remittances under this license and United
States banks forwarding remittances under this license must satisfy themselves that its con-
ditions are complied with.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 32-Remesas a nacionales bloqueados que se hallen en países extranjeros, para
gastos de subsistencia
Esta licencia general permite a individuos remitir entre cien y doscientos dólares ($100 y
$200) al mes & nacionales bloqueados que se hallen fuera de los Estados Unidos para sus gastos
de subsistencia. Una remesa a un país bloqueado sólo podrá hacerse mediante la compra de
divisas extranjeras a un vendedor de divisas debidamente autorizado, 0 mediante la compra de
dólares sobre una cuenta bloqueada en un banco de los Estados Unidos a nombre de un banco de
dicho país bloqueado. El banco de los Estados Unidos del cual proceda cualquiera remesa en
virtud de esta licencia debe someter un informe detallado con respecto & la cantidad de la
remesa y las cuentas y bancos sobre los cuales se haya realizado. Este informe debe establecer
la identidad del remitente al igual que la del que recibe la remesa. En los casos en que la remesa
proceda de un banco de los Estados Unidos y se remita a otro banco de los Estados Unidos para
remitirse luego al extranjero, ambos bancos deben someter informes. No podrán hacerse
remesas sobre cuentas bloqueadas a menos que dichas cuentas pertenezcan a las personas &
quienes se envía la remesa. Las personas que dentro del territorio de los Estados Unidos hagan
por primera vez una remesa en virtud de esta licencia y los bancos de los Estados Unidos que
reexpidan remesas en virtud de la misma deben cerciorarse de que se ha cumplido con todas
sus disposiciones.
(Esta licencia queda supeditada a la Dispostelón General No. 11 7 no permite comercio e comunicación
de ninguna naturalesa con ua nacional enemigo.)
Regraded Unclassified
CERTAIN REMITTANCES TO UNITED STATES CITIZENS IN FOREIGN COUNTRIES
TREASURY DEPARTMENT
Office of the Secretary
October 23, 1941
GENERAL LICENSE NO. 33, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 33 is amended to read as follows:
(I) A general license is hereby granted authorizing remittances by any individual
through any domestic bank to any individual who is a citizen of the United States within
any foreign country and any domestic bank is authorized to effect such remittances, pro-
vided the following terms and conditions are complied with:
(a) Such remittances do not exceed $500 in any one calendar month to any payee
and his household and are made only for the necessary living and traveling expenses of
the payee and his household, except that an additional sum not exceeding $1000 may
be remitted once to such payee if such sum will be used for the purpose of enabling
the payee or his household to return to the United States;
(b) Such remittances are not made from a blocked account other than from an
account in a banking institution within the United States in the name of, or in which
the beneficial interest is held by, the payee or members of his household.
(2) Remittances herein authorized shall be effected pursuant to the terms and condi-
tions of (c) or (d), as the case may be, under (1) of General License No. 32. If remittances
cannot be effected pursuant to (c) under (1) of General License No. 32, domestic banks are
authorized to effect such remittances in any of the following three ways:
(a) By establishing or maintaining free dollar accounts;
(b) By payment of the dollar amount of the remittance to a domestic bank for credit
to a blocked account in the name of a banking institution within any blocked country or
(c) By payment of the dollar amount of the remittance to a domestic bank for credit
to the dollar account of a banking institution which is not a national of any blocked
country.
(3) All individuals making such remittances and all domestic banks effecting such
remittances shall satisfy themselves that the foregoing terms and conditions are com-
plied with.
(4) With respect to each remittance made pursuant to this general license, reports on
Form TFR-132 shall be executed and filed in the manner and form and under the condi-
tions prescribed in General License No. 32.
(5) As used in this general license the term "household" shall be deemed to have
the meaning prescribed in General License No. 32.
E. H. FOLEY, JR.
Acting Secretary of the Treasury
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966: Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 33-Remittances to United States Citizens in Foreign Countries
This general license permits any individual to make remittances of not over $500 a month
through any United States bank to any citizen of the United States in a foreign country. One
thousand dollars may be remitted once in this manner to any American citizen in order to
permit him and his family to return to the United States. If the payee is within a blocked
country, the remittance must be made, if possible, by purchase of foreign exchange from a
person licensed by the Treasury Department or by paying the dollar amount of the remittance
to a United States bank for the account of a bank within such blocked country. If neither
of these methods is available, the remittance may be made in any other way. All individuals
making remittances to American citizens under this license and all United States banks
effecting such remittances must satisfy themselves that all the terms and conditions of the
license are complied with. Banks are required to file reports with respect to each remittance
in the same manner as is required by General License No. 32.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 33-Remesas a cludadanos de los Estados Unidos que se hallen en países
extranjeros
Esta licencia general permite a cualquier individuo hacer remesas de no más de quinientos
dólares ($500) al mes mediante cualquier banco de los Estados Unidos a cualquier ciudadano
de los Estados Unidos que se halle en un país extranjero. Podrá hacerse una remesa de mil
dólares de esta manera a cualquier ciudadano de los Estados Unidos & fin de que él y su familia
puedan regresar a los Estados Unidos. Si la persona a quien ha de pagarse la remesa se halla
en territorio de un país bloqueado, la remesa debe hacerse, siempre que sea posible, mediante la
compra de divisas extranjeras a una persona a quien la Secretaría del Tesoro haya concedido
licencia, o mediante el pago en dólares de la cantidad de la remesa a un banco de los Estados
Unidos a cuenta de un banco de dicho país bloqueado. Si no puede emplearse ninguno de
estos métodos, la remesa podrá hacerse de cualquiera otra manera. Todos los individuos que
hagan remesas a ciudadanos americanos en virtud de esta licencia y todos los bancos de los
Estados Unidos que efectúen dichas remesas deben cerciorarse de que se ha cumplido con todas
las disposiciones y condiciones de la licencia. Se requiere que los bancos sometan informes con
respecto a cada remesa, de la misma manera que lo exige la Licencia General No. 32.
(Rata licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
October 10, 1940.
GENERAL LICENSE NO. 34 UNDER EXECUTIVE ORDER NO. 8389, OF APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS 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, Bel-
gium, Luxembourg, France, Latvia, Estonia or Lithuania", wherever they appear in such
general licenses, the words "any of the foreign countries 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 following for subdivision
2 thereof:
"(2) In the event that any money or evidences of indebtedness or evidences of owner-
ship of property are to be removed from such box, such access shall be permitted only in the
presence of an authorized representative of a banking 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 speci-
fied in such Order, as amended, of the foreign countries designated in such Order, as amended,
or any national thereof;"
D. W. BELL
Acting Secretary of the Treasury
Part 164:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex. Order 8493, July 25,
1940; Ex. Order 8565, October 10, 1940; Regulations, April 10, 1940, as amended May 10, 1940, June 17.
1940, July 15, 1940 and October 10, 1940.
Regraded Unclassified
GENERAL LICENSE NO. 34-Certain General Licenses Made Applicable to any Blocked Country
This general license contains certain minor amendments to seven earlier general licenses.
These amendments are not set forth here inasmuch as they are incorporated in this pamphlet
in the licenses to which they relate.
(This license is subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 34-Clertas licencias generales aplicables a cualquier país bloqueado
Esta licencia general contiene ciertas ligeras enmiendas a siete licencias generales ante-
riores. Estas enmiendas no se incluyen aquí, ya que quedan incorporadas & las licencias a
que se refieren y aparecen en otra parte de este folleto.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT
Office of the Secretary
March 12, 1941.
GENERAL LICENSE NO. 37 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted authorizing banking institutions within the United States
to make all payments, transfers and withdrawals from accounts in the name of citizens of the
United States while such citizens are within any foreign country in the course of their employ-
ment by the Government of the United States.
Banking institutions within the United States engaging in any transactions authorized by this
general license shall file promptly with the appropriate Federal Reserve Bank monthly reports
setting forth the details of such transactions during such period.
D. W. BELL
Acting Secretary of the Treasury
Part 167;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex. Order 8493, July, 25,
1940; Ex. Order 8565, October 10, 1940; Ex. Order 8701, March 4, 1941; Regulations, April 10, 1940, as
amended May 10, 1940, June 17, 1940, July 15, 1940, October 10, 1940, and March 4, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 37-Payments From Accounts of United States Citizens Employed by the United
States in Foreign Countries
This license permits United States banks to make any payments from accounts in the
name of United States citizens who are employed by the United States in any foreign country.
United States banks effecting transactions under this license must file monthly reports.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 37-Pagos a cargo de cuentas de cludadanos de los Estados Unidos empleados
por los Estados Unidos en países extranjeros
Esta licencia permite a los bancos de los Estados Unidos hacer cualesquiera pagos &
cargo de cuentas que estén & nombre de ciudadanos de los Estados Unidos empleados por los
Estados Unidos en cualquier país extranjero. En este caso se requieren informes mensuales.
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio o comunicación
de ningona naturalesa con un nacional enemigo.)
Regraded
TREASURY DEPARTMENT
Office of the Secretary
June 7, 1941.
GENERAL LICENSE NO. 40, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 40 is amended to read as follows:
A general license is hereby granted licensing as generally licensed nationals the New York
offices of:
(a) the Hellenic Bank Trust Company;
(b) the Bank of Athens Trust Company; and
(c) the Bank of Athens Safe Deposit Company of New York.
D. W. BELL,
Acting Secretary of the Treasury.
Part 170;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; Public Resolution No. 69, 76th Con-
gress; 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; Ex, Order 8493, July 25,
1940; Ex. Order 8565, October 10, 1940; Ex. Order 8701, March 4, 1941; Ex. Order 8711, March 13, 1941;
Ex. Order 8721, March 24, 1941; Ex. Order 8746, April 28, 1941; Regulations, April 10, 1940, as amended
May 10, 1940, June 17, 1940, July 15, 1940, October 10, 1940, March 4, 1941, March 13, 1941, March 24,
1941 and April 28, 1941.
Doaradod
GENERAL LICENSE NO. 40-New York Offices of Certain Greek Controlled Banks-Generally Licensed
Nationals
General License No. 40 permits the New York offices of the Hellenic Bank Trust Company
(Greek national), the Bank of Athens Trust Company (Greek national), and the Bank of
Athens Safe Deposit Company of New York (Greek national) to do business in the United
States for their own account.
(This license Is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 40-Considera nacionales con licencia general a las oficinas en Nueva York de
ciertos bancos controlados por griegos
La Licencia General No. 40 permite & las oficinas de la Hellenic Bank Trust Company
(nacional griego), al Bank of Athens Trust Company (nacional griego), y al Bank of Athens
Safe Deposit Company de Nueva York (nacional griego) llevar a cabo transacciones por su
propia cuenta.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
CERTAIN INDIVIDUALS RESIDING IN UNITED STATES ON FEBRUARY 23, 1942, AND
CERTAIN CORPORATIONS AND OTHER ORGANIZATIONS- GENERALLY LICENSED
NATIONALS. FILING OF REPORTS ON FORM TFR-42
(Press release of February 23, 1942 on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
As amended February 23, 1942
GENERAL LICENSE NO 42, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 42 is amended to read as follows:
Revised
February 23, 1942
(1) A general license is hereby granted:
(a) Licensing as a generally licensed national any individual residing in the United
States on February 23, 1942, and
(b) Licensing as a generally licensed national any partnership, association, corpo-
ration or other organization which is a national of a foreign country designated in
the Order solely by reason of the interest therein of a person or persons licensed
as generally licensed nationals pursuant to this general license.
(2) The following provisions shall govern the filing of reports under this general
license:
(a) Before effecting any transaction pursuant to this general license, the following
persons licensed herein as generally licensed nationals shall file a report in triplicate
on Form TFR-42 with the appropriate Federal Reserve Bank:
(i) Every individual who was not residing in the United States on June 17,
1940; and
(ii) Every partnership, association, corporation or other organization which
prior to February 23, 1942, was not a generally licensed national solely by reason
of the interest of an individual or individuals referred to in (i) above.
Any person failing to comply with this reporting requirement is not authorized to
engage in any transaction pursuant to this general license.
(b) Individuals and other persons licensed herein as generally licensed nationals
and not falling within classes referred to in 2(a) need not file reports on Form TFR-42.
(c) This general license shall not be deemed to suspend, cancel, or otherwise
modify in any way the requirements of the Order and regulations relating to reports
on Form TFR-300 with respect to the property interests of certain persons licensed
herein as generally licensed nationals; provided, however, that if reports on TFR-300
were not, prior to February 23, 1942, required to be filed in any case or class of cases,
such reports are not required to be filed pursuant to this general license.
(3) This general license shall not be deemed to license as a generally licensed national:
(a) Any individual who on or since the effective date of the Order has acted or
purported to act directly or indirectly for the benefit or on behalf of any blocked
country, including the government thereof;
(b) Any individual who is a national of a blocked country by reason of any fact
other than that such individual has been domiciled in, or a subject, citizen, or resident
of a blocked country at any time on or since the effective date of the Order:
(c) Any individual who enters a blocked country after February 23, 1942; or
(d) Any national of Japan. Nationals of Japan shall continue to be governed by
the provisions of General License No. 68A in so far as General License No. 68A may
be applicable.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th
Congress: Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832,
July 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
Monday, February 23, 1942
No. 30-44
The Treasury Department today liberalized the freezing control restrictions by accord-
ing to refugees arriving in the United States after June 17, 1940 the same treatment as that
previously extended to other refugees.
At the same time the Treasury simplified the freezing control regulations with respect
to resident aliens by consolidating into one general license the freezing control provisions
applicable to all individuals (except nationals of Japan) now residing in the United States,
and to the business concerns blocked solely because of the interest of such individuals.
This was done by amending General License No. 42 and at the same time revoking General
Licenses No. 42-A and No. 68.
For some time the practice of the Treasury Department has been to liberalize the
freezing control restrictions relating to bona fide immigrants and refugees in the United
States and, at the same time, to tighten the controls in their application to individual cases
singled out for close supervision. The experience gained by the Foreign Funds Control
during the past 22 months and the mass of information gathered by it, particularly on the
TFR-300 census reports, have enabled the Treasury Department effectively to carry out
this policy.
Treasury officials stated that persons dealing with residents of the United States may
now assume that such residents are not blocked unless they are affirmatively on notice to
the contrary. The Treasury Department will rely on banking institutions to exercise con-
tinued vigilance in seeing that-accounts which are not entitled to the privileges of General
License No. 42 remain blocked, in carrying out instructions of the Treasury Department
in cases which are singled out for special treatment, and in bringing unusual or otherwise
suspicious transactions to the attention of the Foreign Funds Control through the Federal
Reserve Banks.
Nationals of China, who were previously subject to the provisions of General License
No. 68, are now entitled to all the benefits of General License No. 42.
The new General License No. 42 does not free the accounts of persons who have
been acting on behalf of Axis countries. Likewise, it has no effect on the great bulk of
frozen assets, which are owned or controlled by foreign governments or by individuals or
concerns located outside the United States. Nationals of Japan are still subject to the
provisions of General License No. 68A and were not affected by today's action.
Regraded Unclassified
GENERAL LICENSE NO. 42-Certain Individuals Residing in the United States on February 23, 1942, and
Certain Organizations, Licensed as Generally Licensed Nationals
General License No. 42 permits blocked nationals living in the United States on February
23, 1942, and organizations owned or controlled by such persons to engage in the same
activities as American citizens who are not blocked nationals.
However, the privileges of this license are not conferred upon Japanese nationals, upon
persons who enter a blocked country after February 23, 1942, or upon agents for blocked
countries or blocked nationals outside the United States.
Persons licensed by this license who did not live in the United States on June 17, 1940, are
not entitled to the privilege of this license until they file reports concerning themselves and
their activities.
This license does not exempt any of the persons whom it licenses from the regulations
relating to reporting of foreign-owned property.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 42-Considera nacionales con licencia general a clertos Individuos residentes
en los Estados Unidos el 23 de febrero de 1942, y clertas organizaciones a las cuales se ha concedido
licencia
La Licencia General No. 42 permite a nacionales bloqueados que vivfan en los Estados
Unidos el 23 de febrero de 1942 y a las organizaciones de propiedad o contriadas por dichas
personas, dedicarse a las mismas actividades a que se dedican ciudadanos de los Estados Unidos
que no son nacionales bloqueados.
No obstante, no se confieren los privilegios de esta licencia & nacionales japoneses, a
personas que entren en un país bloqueado después del 23 de febrero de 1942, ni-a agentes de
países o nacionales bloqueados fuera de los Estados Unidos.
Las personas que no residían en los Estados Unidos el 17 de junio de 1940 y a quienes se
ha concedido licencia en virtud de las disposiciones de esta licencia general no tendrán derecho
a los privilegios que ésta otorga hasta no haber suministrado informes relativos & su persona y
a sus actividades.
Las personas a quienes se concede esta licencia no quedan exentas del cumplimiento de los
reglamentos que rigen la propiedad de extranjeros y los informes que sobre la misma deben
rendirse.
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio o comunicación
de singuna naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT,
Office of the Secretary,
June 14, 1941.
GENERAL LICENSE NO. 43 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing the following as generally licensed nationals:
(a) Swiss American Corporation, New York; and
(b) The New York agencies of:
(i) Credit Suisse; and
(ii) Swiss Bank Corporation.
D. W. BELL
Acting Secretary of the Treasury
. Part 173:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10.
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 43-New York Offices of Certain Swiss Banking Institutions-Generally Licensed
Nationals
General License No. 43 permits the Swiss American Corporation, New York (Swiss na-
tional) and the New York agencies of Credit Suisse (Swiss national) and Swiss Bank Corpora-
tion (Swiss national) to do business in the United States for their own account.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 43-Oficinas en Nueva York de ciertas Instituciones bancarias suizas-Nacionales
con licencia general
La Licencia General No. 43 permite a la Swiss American Corporation (de nacionalidad
suiza) y & las agencias en Nueva York del Credit Suisse (de nacionalidad suiza) y a Swiss Bank
Corporation (de nacionalidad suiza) efectuar transacciones en los Estados Unidos por cuenta
propia.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o eomunicación
de ninguna naturalesa con un nacional enemigo.)
TREASURY DEPARTMENT,
Office of the Secretary,
June 14, 1941.
GENERAL LICENSE NO. 44 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
The Roman Curia (or Curia Romana) of the Vatican City State is hereby licensed as a gen-
erally licensed national and all persons to the extent that they are acting for and on behalf of the
Vatican City State are hereby licensed as generally licensed nationals.
D. W. BELL
Acting Secretary of the Treasury
. Part 174:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 44-Roman Curla, A Generally Licensed National
General License No. 44 permits the Roman Curia (or Curia Romana) of the Vatican State
to engage in the same activities as an American citizen who is not a blocked national. The
license also permits any person, when acting on behalf of the Roman Curia, to engage in the
same activities as an American citizen who is not a blocked national.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 44-Curia Romana-Nacional con licencia general
La Licencia General No. 44 permite a la Curia Romana del Estado Vaticano efectuar
todas aquellas operaciones que se permiten a los ciudadanos de los Estados Unidos que no son
nacionales bloqueados. Esta licencia también permite a cualquier persona, cuando actúe en
nombre de la Curia Romana, efectuar todas aquellas operaciones que se permiten a los
ciudadanos de los Estados Unidos que no son nacionales bloqueados.
(Esta licenela queda supeditada a la Disposición General No. 11 y DO permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TRANSACTIONS ON BEHALF OF, OR INVOLVING PROPERTY
OF, SWEDEN AND ITS NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended February 18, 1942*
GENERAL LICENSE NO. 49, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing any transaction referred to in Section 1
of the Order, if (i) such transaction is by, or on behalf of, or pursuant to the direction of Sweden,
or any national thereof, or (ii) such transaction involves property in which Sweden, or any
national thereof, has at any time on or since the effective date of the Order had any interest,
provided, that:
(a) Such transaction is not by, or on behalf of, or pursuant to the direction of any blocked
country or any national thereof, other than Sweden or any national of Sweden; and
(b) Such transaction does not involve property in which any blocked country or any national
thereof, other than Sweden or any national of Sweden, has at any time on or since the
effective date of the Order had any interest; and
(c) If such transaction is not by, or on behalf of, or pursuant to the direction of the Govern-
ment of Sweden or the Sveriges Riksbank, such transaction shall not be effected until a
representative in New York, New York, of the Swedish Legation, designated for such
purpose by the Minister of Sweden to the United States, has certified in writing that the
Government of Sweden has determined that such transaction complies with the conditions
of paragraphs (a) and (b) above.
(2) This license shall not be deemed to permit any payment, transfer or withdrawal from
any blocked account other than blocked accounts in the name of the Government of Sweden or
the Sveriges Riksbank, until the said representative in New York, New York, of the Swedish
Legation has certified, with respect to the transaction, as provided in paragraph (1) (c) above.
(3) This general license shall not apply with respect to any national of Sweden who is also
a national of any other blocked country.
(4) A report on Form TFR-149 shall be filed promptly in duplicate with the appropriate
New material
substituted
Federal Reserve Bank by any banking institution within the United States:
February 18, 1942
(a) through which any remittance in excess of $5,000 originates; or
(b) which issues, confirms, or advises any letter of credit involving an amount in excess of
$5,000; or
(e) which debits any blocked account in an amount in excess of $5,000 for any single item
under the authority of this general license.
Banking institutions within the United States shall also file monthly reports on Form TFER-1
with the appropriate Federal Reserve Bank indicating the total of all debits and, separately, the
total of all credits effected pursuant to the provisions of this general license.
of any political subdivision (territories, dependencies, possessions, states, departments, provinces,
(5) As used in this general license, the "Government of Sweden" shall include the government
counties, municipalities, districts or other places subject to the jurisdiction thereof), or any political
agency or instrumentality of the government.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
By Public Circular No. 15.
Ex. Order 8389, April 5(b), Stat. amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 1940, 26, amended
Part 131:-Sec. 40 415 and 966; Sec. 2, 48 Stat. I; 54 Stat. 179: Public No. 354, 77th Congress: 1941, Ex.
Order 8963, December 10, 9, 1941, 1940, and as Ex. Order 8998, December 26, 1941; Regulations, April 10, as
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 49-Transactions for Swedlsh Nationals
General License No. 49 permits transactions prohibited by the Order solely because they
involve nationals of Sweden.
This license permits only such transactions as are effected through the Sveriges Riksbank
or the Swedish Government, or with the certification of the Swedish Legation in New York
that they do not involve any nationals of blocked countries other than Sweden.
United States banks must file monthly reports indicating the total volume of transactions
effected under this license. In addition, a detailed report must be filed on Treasury Form
TFR-149 by & United States bank which engages in a transaction involving over $5,000 under
the authority of this license.
(This license is subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 49-Transacciones para nacionales de Suecia
La Licencia General No. 49 permite llevar a cabo transacciones que prohibe la Orden tan
sólo porque conciernen a nacionales de Suecia.
Esta licencia permite solamente aquellas transacciones que se efectúen por mediación del
Sveriges Riksbank o del Gobierno de Suecia, o con la certificación de la Legación de Suecia en
Nueva York al efecto de que no conciernen a ningún ciudadano de otro país bloqueado excepto
Suecia.
Los bancos de los Estados Unidos deben someter informes mensuales indicando la suma
total de las transacciones bechas bajo esta licencia. Además, deben presentar un informe
detallado, en formulario de la Secretaría del Tesoro TFR-149, aquellos bancos de los Estados la
Unidos que efectúen transacciones ascendientes a más de $5,000 cada una en virtud de
autorización de esta licencia.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio 0 comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TRANSACTIONS ON BEHALF OF SWITZERLAND OR THE BANQUE NATIONALE SUISSE
TREASURY DEPARTMENT
Office of the Secretary
As amended February 18, 1942*
GENERAL LICENSE NO. 50, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing any transaction referred to in Section 1 of
the Order, if such transaction is by, or on behalf of, or pursuant to the direction of the Government
of Switzerland or the Banque Nationale Suisse, provided, that:
(a) Such transaction is not by, or on behalf of, or pursuant to the direction of any blocked
country or any national thereof, other than Switzerland or a national of Switzerland; and
(b) Such transaction does not involve property in which any blocked country or national
thereof, other than Switzerland or any national of Switzerland, has at any time on or
since the effective date of the Order had any interest.
Any transaction engaged in by the Government of Switzerland or the Banque Nationale Suisse
pursuant to the order or for the account of any other national of Switzerland is also hereby author-
ized to the same extent, and under the same circumstances, as though such transaction were solely
for the account of the Government of Switzerland or the Banque Nationale Suisse,
(2) This general license shall not be deemed to permit any payment, transfer or withdrawal
from any blocked account, other than blocked accounts in the name of the Government of Switzer-
land or the Banque Nationale Suisse, except as provided in paragraph (3) of this general license.
(3) This general license also authorizes any payment or transfer of credit or transfer of
securities from a blocked account in which any national of Switzerland has an interest to a blocked
account in a domestic bank in the name of the Banque Nationale Suisse, if, prior to any such pay-
ment or transfer, the instructions to effect such payment or transfer are confirmed by the Banque
Nationale Suisse; provided, however, that this authorization shall not be deemed to authorize any
payment or transfer of credit or transfer of securities from a blocked account in which any
national of a blocked country, other than Switzerland, has an interest, or has had an interest at
any time on or since the effective date of the Order.
(4) This general license shall not apply with respect to any national of Switzerland who is
also a national of any other blocked country.
(5) A report on Form TFR-149 shall be filed promptly in duplicate with the appropriate
New material
Federal Reserve Bank by any banking institution within the United States:
substituted
February 18, 1042
(a) through which any remittance in excess of $5,000 originates; or
(b) which issues, confirms, or advises any letter of credit involving an amount in excess of
$5,000; or
(c) which debits any blocked account in an amount in excess of $5,000 for any single item
under the authority of this general license.
Banking institutions within the United States shall also file monthly reports on Form TFER-1
with the appropriate Federal Reserve Bank indicating the total of all debits and, separately, the
total of all credits effected pursuant to the provisions of this general license.
(6) As used in this general license, the "Government of Switzerland" shall include the gov-
ernment of any political subdivision (territories, dependencies, possessions, states, departments,
provinces, counties, municipalities, districts or other places subject to the jurisdiction thereof), or
any political agency or instrumentailty of the government.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
By Public Circular No. 15.
Ex, Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
June 14, 1941, and July 26, 1941.
Order 8963. December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10, 1940, as amended
GENERAL LICENSE NO. 50-Transactions for Swiss Nationals
General License No. 50 permits transactions prohibited by the Order solely because they
involve nationals of Switzerland. This license permits only such transactions as are effected
through the Banque Nationale Suisse or the Government of Switzerland. This license author-
izes any transfer from any blocked account of a Swiss national to any blocked account of the
Banque Nationale Suisse in 8 United States bank, provided that the instructions for such
transfer are confirmed by the Banque Nationale Suisse. By issuing such confirmed instruc-
tions, the Banque Nationale Suisse represents that such transfer does not involve a national
of any blocked country other than Switzerland.
United States banks must file monthly reports indicating the total volume of transactions
effected under this license. In addition, a detailed report must be filed on Treasury Form
TFR-149 by a United States bank which engages in a transaction involving over $5,000 under
the authority of this license.
(This license in subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 50-Transacciones para nacionales suizos
La Licencia General No. 50 permite transacciones que prohibe la Orden únicamente porque
conciernen a nacionales de Suiza. Esta licencia permite solamente aquellas transacciones que
se efectúen por mediación del Banque Nationale Suisse o del Gobierno de Suiza. Esta licencia
autoriza traspasos de una cuenta bloqueada de un nacional de Suiza a otra cuenta blo-
queada del Banque Nationale de Suisse en un banco de los Estados Unidos, siempre que las
instrucciones para tal traspaso sean confirmadas por el Banque Nationale Suisse. Al dar
estas instrucciones confirmadas, el Banque Nationale Suisse da fe de que tal traspaso no
concierne a ningún ciudadano de otro país bloqueado excepto Suiza.
Los bancos de los Estados Unidos deben someter informes mensuales que indiquen la
suma total de las transacciones hechas bajo esta licencia. Además, deben presentar un in-
forme detallado, en formulario de la Secretaría del Tesoro TFR-149, aquellos bancos de los
Estados Unidos que efectúen transacciones ascendientes a más de $5,000 cada una en virtud
de la autorización de esta licencia.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturaleza con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
June 24, 1941.
GENERAL LICENSE NO. 51 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.®
(1) A general license is hereby granted licensing the Union of Soviet Socialist Republics
as a generally licensed country.
(2) As used in this general license:
Any foreign country licensed as a "generally licensed country", and nationals thereof,
shall be regarded for all purposes as if such foreign country were not a foreign country desig-
nated in the Order.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941; Regulations, April 10, 1940, as amended June 14, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 51-Union of Soviet Socialist Republics, a Generally Licensed Country
General License No. 51 revokes the blocking of the Union of Soviet Socialist Republics.
In view of the issuance of this license, nationals of Russia may engage in the same transactions
as American citizens who are not blocked nationals.
(This license is subject to General Buling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 51-Unión de Repúblicas Socialistas Soviéticas-País con licencia general
La Licencia General No. 51 revoca el bloqueo de la Unión de Repúblicas Socialistas Sovié-
ticas. En virtud de esta licencia los nacionales de Rusia pueden efectuar las mismas trans-
acciones que los ciudadanos de los Estados Unidos que no son nacionales bloqueados.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
TRANSACTIONS ON BEHALF OF, OR INVOLVING PROPERTY OF,
SPAIN AND ITS NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended February 18, 1942*
GENERAL LICENSE NO. 52, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing any transaction referred to in Section 1 of
the Order, if (i) such transaction is by, or on behalf of, or pursuant to the direction of Spain,
or any national thereof, or (ii) such transaction involves property in which Spain, or any national
thereof, has at any time on or since the effective date of the Order had any interest, provided, that:
(a) Such transaction is not by, or on behalf of, or pursuant to the direction of any blocked
country or any national thereof, other than Spain or any national of Spain; and
(b) Such transaction does not involve property in which any blocked country or any
national thereof, other than Spain or any national of Spain, has at any time on or
since the effective date of the Order had any interest; and
(c) If such transaction is not by, or on behalf of, or pursuant to the direction of the
Instituto Espanol de Moneda Extranjera, such transaction shall not be effected until
the Instituto Espanol de Moneda Extranjera has certified in writing that the Instituto
Espanol de Moneda Extranjera has determined that such transaction complies with
the conditions of paragraphs (a) and (b) above.
(2) This general license also authorizes any payment or transfer from a blocked account in
which any national of Spain has an interest to a blocked account in a domestic bank in the name
of the Instituto Espanol de Moneda Extranjera; provided, however, that this authorization shall
not be deemed to authorize any payment or transfer from a blocked account in which any
national of a blocked country, other than Spain, has an interest, or has had an interest at any
time on or since the effective date of the Order.
(3) Except as provided in paragraph (2), this general license shall not be deemed to permit
any payment, transfer or withdrawal from any blocked account other than blocked accounts in
the name of the Instituto Espanol de Moneda Extranjera, until the Instituto Espanol de Moneda
Extranjera has certified, with respect to the transaction, as provided in paragraph (1) (c) above.
(4) This general license shall not apply with respect to any national of Spain who is also a
national of any other blocked country.
(5) A report on Form TFR-149 shall be filed promptly in duplicate with the appropriate
New material
substituted
Federal Reserve Bank by any banking institution within the United States:
February 18, 1942
(a) through which any remittance in excess of $5,000 originates; or
(b) which issues, confirms, or advises any letter of credit involving an amount in excess
of $5,000; or
(c) which debits any blocked account in an amount in excess of $5,000 for any single item
under the authority of this general license.
Banking institutions within the United States shall also file monthly reports on Form TFER-1
with the appropriate Federal Reserve Bank indicating the total of all debits and, separately, the
total of all credits effected pursuant to the provisions of this general license.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. By Public Circular No. 15.
Ex. Order 8389, April 10, 1940, amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, amended
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179: Public No. 354, 77th Congress: Ex.
Order 8963, December 9, 1941, and as Ex. Order 8998, December 26, 1941; Regulations, April 10, 1940, as
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 52-Transactions for Spanish Nationals
General License No. 52 permits transactions prohibited by the Order solely because they
involve nationals of Spain. This license permits only such transactions as are effected through
the Instituto Espanol de Moneda Extranjera, or with the certification of the Instituto Espanol
de Moneda Extranjera that they do not involve nationals of any blocked country other than
Spain. This general license also authorizes any transfer from a Spanish blocked account to
any blocked account in a United States bank in the name of the Instituto Espanol de Moneda
Extranjera. United States banks must file monthly reports indicating the total volume of transactions
effected under this license. In addition, a detailed report must be filed on Treasury Form
TFR-149 by a United States bank which engages in a transaction involving over $5,000 under
the authority of this license.
(This license in subject to General Bullng No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 52-Transacciones para los nacionales de España
La Licencia General No. 52 permite transacciones prohibidas por la Orden únicamente
porque conciernen a nacionales de España. Esta licencia permite solamente aquellas transac-
ciones que se efectúen por mediación del Instituto Español de Moneda Extranjera, o con la
garantía del Instituto Español de Moneda Extranjera al efecto de que no conciernen a nacio-
nales de ningún otro país bloqueado excepto España. Esta licencia también autoriza tras-
pasos de una cuenta española bloqueada a otra cuenta bloqueada en un banco de los Estados
Unidos a nombre del Instituto Español de Moneda Extranjera.
Los bancos de los Estados Unidos deberán someter informes mensuales indicando la suma
total de las transacciones hechas bajo esta licencia. Además, deberán someter un informe
detallado, en formulario de la Secretaría del Tesoro TFR-149, aquellos bancos de los Estados la
Unidos que efectúen transacciones ascendientes a más de $5,000 cada una, en virtud de
autorización de esta licencia.
(Esta licencia queda supeditada a is Disposición General No. 11 , no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TRANSACTIONS INCIDENT TO TRADE WITH MEMBERS OF "THE GENERALLY
LICENSED TRADE AREA" NOT INVOLVING PERSONS NAMED IN
"THE PROCLAIMED LIST OF CERTAIN BLOCKED NATIONALS"
TREASURY DEPARTMENT
Office of the Secretary
As amended March 13, 1942*
GENERAL LICENSE NO. 53, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10,
1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO
TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing all transactions ordinarily incident
to the importing and exporting of goods, wares and merchandise between the United
States and any of the members of the generally licensed trade area or between the mem-
bers of the generally licensed trade area if (i) such transaction is by, or on behalf of, or
pursuant to the direction of any national of a blocked country within the generally licensed
trade area, or (ii) such transaction involves property in which any such national has at
any time on or since the effective date of the Order had any interest, provided the follow-
ing terms and conditions are complied with:
(a) Such transaction is not by, or on behalf of, or pursuant to the dirèction of (i)
any person whose name appears on "The Proclaimed List of Certain Blocked
Nationals", or (ii) any blocked country or national thereof not within the generally
licensed trade area;
(b) Such transaction does not involve property in which (i) any person whose name
appears on "The Proclaimed List of Certain Blocked Nationals", or (ii) any
blocked country or national thereof not within the generally licensed trade area,
has at any time on or since the effective date of the Order had any interest; and
(c) Any banking institution within the United States, prior to issuing, confirming or
advising letters of credit, or accepting or paying drafts drawn, or reimbursing
themselves for payments made, under letters of credit, or making any other pay-
ment or transfer of credit, in connection with any importation or exportation
pursuant to this general license, or engaging in any other transaction herein
authorized, shall satisfy itself (from the shipping documents or otherwise) that:
(i) any such transaction is incident to a bona fide importation or exportation and
is customary in the normal course of business, and that the value of such importa-
tion or exportation reasonably corresponds with the sums of money involved in
financing such transaction; and (ii) such importation or exportation is or will be
made pursuant to all the terms and conditions of this license.
(2) Subject to all other terms and conditions of this general license any national of a
blocked country doing business within the United States pursuant to a license is also hereby
authorized, while so licensed, to engage in any transaction referred to in paragraph (1)
to the same extent that such national is licensed to engage in such transaction involving
persons within the generally licensed trade area who are not nationals of a blocked country.
By Public Circular No. 17.
Congress: Ex, 131:-Sec. Order 5(b), 40 Stat. 1940, amended by Ex. Order 8785, June 14, 1941, Ex. Regulations,
Part 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. Order 354, 8832, 77th
July 26, 1941, Ex. Order 8389, 8963, April December 10, 9, as 1941, and Ex. Order 8998, December 26, 1941; (over)
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
(3) As used in this general license:
(a) The term "generally licensed trade area" shall mean the following:
(i) the American Republics, i.e., (1) Argentina, (2) Bolivia, (3) Brazil, (4) Chile,
(5) Colombia, (6) Costa Rica, (7) Cuba, (8) the Dominican Republic, (9)
Ecuador, (10) El Salvador, (11) Guatemala, (12) Haiti, (13) Honduras, (14)
Mexico, (15) Nicaragua, (16) Panama, (17) Paraguay, (18) Peru, (19) Uruguay,
and (20) Venezuela;
(ii) the British Commonwealth of Nations, i.e., (1) the United Kingdom (England,
Wales, Scotland and Northern Ireland), (2) the British Dominions (Canada,
Australia, New Zealand, the Union of South Africa and Newfoundland), (3)
Eire, (4) the Isle of Man, (5) India, (6) Egypt, (7) Anglo-Egyptian Soudan,
(8) Iraq, (9) all colonies and protectorates under the British Crown, and (10)
all mandated territories administered by the United Kingdom or by any British
Dominion;
(iii) the Union of Soviet Socialist Republics;
Deletion
March 13, 1942
(iv)
(v) the Netherlands West Indies;
(vi) the Belgian Congo and Ruanda-Urundi;
(vii) Greenland;
(viii) Iceland;
(ix) Syria and Lebanon; and
(x) (1) French Equatorial Africa, including the Cameroons; (2) New Caledonia;
(3) Tahiti; (4) the French Establishments in India;
Provided, however, that the term "generally licensed trade area" shall not
include any territory which is controlled or occupied by the military, naval or
police forces or other authority of Japan, Germany, or Italy, or allies thereof.
(b) The term "member" of the generally licensed trade area shall mean any of the
foreign countries or political subdivisions comprising the generally licensed
trade area.
(c) The term "any national of a blocked country within the generally licensed trade
area" shall mean any national of a blocked country who was situated within and
doing business within such area on and since June 14, 1941.
(d) The term "The Proclaimed List of Certain Blocked Nationals" shall mean "The
Proclaimed List of Certain Blocked Nationals" as amended and supplemented
promulgated pursuant to the proclamation of July 17, 1941.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Regraded Unclassified
TRANSACTIONS INCIDENT TO TRADE WITH MEMBERS OF "THE GENERALLY
LICENSED TRADE AREA" NOT INVOLVING PERSONS NAMED IN
"THE PROCLAIMED LIST OF CERTAIN BLOCKED NATIONALS"
TREASURY DEPARTMENT
Office of the Secretary
As amended March 13, 1942*
GENERAL LICENSE NO. 53, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10,
1940, AS AMENDED AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO
TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing all transactions ordinarily incident
to the importing and exporting of goods, wares and merchandise between the United
States and any of the members of the generally licensed trade area or between the mem-
bers of the generally licensed trade area if (i) such transaction is by, or on behalf of, or
pursuant to the direction of any national of a blocked country within the generally licensed
trade area, or (ii) such transaction involves property in which any such national has at
any time on or since the effective date of the Order had any interest, provided the follow-
ing terms and conditions are complied with:
(a) Such transaction is not by, or on behalf of, or pursuant to the direction of (i)
any person whose name appears on "The Proclaimed List of Certain Blocked
Nationals", or (ii) any blocked country or national thereof not within the generally
licensed trade area;
(b) Such transaction does not involve property in which (i) any person whose name
appears on "The Proclaimed List of Certain Blocked Nationals", or (ii) any
blocked country or national thereof not within the generally licensed trade area,
has at any time on or since the effective date of the Order had any interest; and
(c) Any banking institution within the United States, prior to issuing, confirming or
advising letters of credit, or accepting or paying drafts drawn, or reimbursing
themselves for payments made, under letters of credit, or making any other pay-
ment or transfer of credit, in connection with any importation or exportation
pursuant to this general license, or engaging in any other transaction herein
authorized, shall satisfy itself (from the shipping documents or otherwise) that:
(i) any such transaction is incident to a bona fide importation or exportation and
is customary in the normal course of business, and that the value of such importa-
tion or exportation reasonably corresponds with the sums of money involved in
financing such transaction; and (ii) such importation or exportation is or will be
made pursuant to all the terms and conditions of this license.
(2) Subject to all other terms and conditions of this general license any national of a
blocked country doing business within the United States pursuant to a license is also hereby
authorized, while so licensed, to engage in any transaction referred to in paragraph (1)
to the same extent that such national is licensed to engage in such transaction involving
persons within the generally licensed trade area who are not nationals of a blocked country.
By Public Circular No. 17.
Congress: Ex, Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832,
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th
July 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
(OVER)
(3) As used in this general license:
(a) The term "generally licensed trade area" shall mean the following:
(i) the American Republics, i.e., (1) Argentina, (2) Bolivia, (3) Brazil, (4) Chile,
(5) Colombia, (6) Costa Rica, (7) Cuba, (8) the Dominican Republic, (9)
Ecuador, (10) El Salvador, (11) Guatemala, (12) Haiti, (13) Honduras, (14)
Mexico, (15) Nicaragua, (16) Panama, (17) Paraguay, (18) Peru, (19) Uruguay,
and (20) Venezuela;
(ii) the British Commonwealth of Nations, Le, (1) the United Kingdom (England,
Wales, Scotland and Northern Ireland), (2) the British Dominions (Canada,
Australia, New Zealand, the Union of South Africa and Newfoundland), (3)
Eire, (4) the Isle of Man, (5) India, (6) Egypt, (7) Anglo-Egyptian Soudan,
(8) Iraq, (9) all colonies and protectorates under the British Crown, and (10)
all mandated territories administered by the United Kingdom or by any British
Dominion;
(iii) the Union of Soviet Socialist Republies;
Deletion
March 13, 1942
I
(iv)
(v) the Netherlands West Indies;
(vi) the Belgian Congo and Ruanda-Urundi;
(vii) Greenland;
(viii) Iceland;
(ix) Syria and Lebanon; and
(x) (1) French Equatorial Africa, including the Cameroons; (2) New Caledonia;
(3) Tahiti; (4) the French Establishments in India;
Provided, however, that the term "generally licensed trade area" shall not
include any territory which is controlled or occupied by the military, naval or
police forces or other authority of Japan, Germany, or Italy, or allies thereof.
(b) The term "member" of the generally licensed trade area shall mean any of the
foreign countries or political subdivisions comprising the generally licensed
trade area.
(e) The term "any national of a blocked country within the generally licensed trade
area" shall mean any national of a blocked country who was situated within and
doing business within such area on and since June 14, 1941.
(d) The term "The Proclaimed List of Certain Blocked Nationals" shall mean "The
Proclaimed List of Certain Blocked Nationals" as amended and supplemented
promulgated pursuant to the proclamation of July 17, 1941.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Regraded Unclassified
GENERAL LICENSE NO. 53-Trade In the "Generally Licensed Trade Area"
General License No. 53 permits trade with persons in the "generally licensed trade area"
whose names do not appear on the Proclaimed List.
The "generally licensed trade area" includes the American Republics, the Union of Soviet
Socialist Republics, the British Commonwealth of Nations, the territories of the governments
which are refugees from the Axis, and territories occupied by any of the foregoing or by the
United States.
United States banks which engage in transactions under this license must satisfy themselves
that they are bona fide trade transactions and that the conditions of the license are complied
with.
(This license is subject to General Buling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 53-Comercio en el "Área de comercio con licencia general"
La Licencia General No. 53 permite el comercio en general con personas que se encuentren
dentro del "área de comercio con licencia general" cuyos nombres no figuren en la Lista
Proclamada.
El "área de comercio con licencia general" comprende las Repúblicas Americanas, la Unión
de Repúblicas Socialistas Soviéticas, la Comunidad Británica de Naciones, los territorios de los
Gobiernos en exilio & consecuencia de la agresión totalitaria y los territorios ocupados por
cualquiera de los arriba citados o por los Estados Unidos.
Los bancos de los Estados Unidos que operen bajo esta licencia deben cerciorarse a su
completa satisfacción de que todas aquéllas transacciones en que intervengan son transacciones
comerciales bona fide y que se ha cumplido con todos los requisitos de la licencia.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturaleza con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 54 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing any transaction which is prohibited by
the Order solely by reason of the fact that it involves property in which China or Japan,
or any national thereof, has at any time prior to July 26, 1941, but not on or since July 26,
1941, had any interest.
This general license shall not be deemed to authorize any transaction, if (i) such trans-
action is by, or on behalf of, or pursuant to the direction of China or Japan, or any national
thereof, or (ii) such transaction involves property in which China or Japan, or any national
thereof, has at any time on or since July 26, 1941, had any interest.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 54-Transactions Involving Property in Which Nationals of China Had an Interest
Before July 26, 1941
General License No. 54 permits any transaction which was subject to freezing control
solely because it involved property in which a Chinese national had an interest after June 14,
1941, provided that all Chinese interest in such property was terminated before July 26, 1941.
(This license is subject to General Boling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 54-Transacciones concernientes a propledades en las que los nacionales de la
China tenían participación antes del 26 de jullo de 1941
La Licencia General No. 54 permite toda transacción que estaba sujeta & inmovilización
únicamente porque concernía a propiedades en las que un nacional chino tenía participación
después del 14 de junio de 1941, siempre que todo interés en tales propiedades por parte de
nacionales de la China cesara antes del 26 de julio de 1941.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturaleza con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 56 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted licensing any partnership, association, corpo-
ration or other organization engaged in commercial activities within the Territory of
Hawaii and which is a national of China or Japan, to engage in all transactions ordinarily
incidental to the normal conduct of its business activities within the Territory of Hawaii,
provided, however, that this general license shall not authorize:
(a) Any transaction which could not be effected without a license if such organi-
zation were not a national of any blocked country or
(b) Any payment, transfer or withdrawal from any blocked account in any bank-
ing institution within any part of the United States other than the Territory of Hawaii,
(2) Any organization engaging in business pursuant to this general license shall not
engage in any transaction, pursuant to this general license or any other general license,
which, directly or indirectly, substantially diminishes or imperils the assets of such organi-
zation within the Territory of Hawaii or otherwise prejudicially affects the financial
position of such organization within the Territory of Hawaii.
(3) Any such organization shall file with the Governor of the Territory of Hawaii,
within sixty days after the date hereof, an affidavit on Form TFBE-1 setting forth the
data called for in such form. Any organization not complying with this requirement is
not authorized to engage in any transaction under this general license.
(4) Any bank effecting any payment, transfer or withdrawal pursuant to this gen-
eral license shall satisfy itself that such payment, transfer or withdrawal is being made
pursuant to the terms and conditions of this general license.
(5) Any organization engaging in business pursuant to this general license shall file
monthly reports in triplicate with the Governor of the Territory of Hawaii setting forth
the details of the transactions engaged in by it during the reporting period. Such report
shall indicate receipts and expenditures classified into general categories by source,
payee and purpose.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by 5(b), Ex. Order 40 Stat. 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
. l'att 131:-Sec. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179: Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 56 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted licensing any partnership, association, corpo-
ration or other organization engaged in commercial activities within the Territory of
Hawaii and which is a national of China or Japan, to engage in all transactions ordinarily
incidental to the normal conduct of its business activities within the Territory of Hawaii,
provided. however, that this general license shall not authorize:
(a) Any transaction which could not be effected without a license if such organi-
zation were not a national of any blocked country or
(b) Any payment, transfer or withdrawal from any blocked account in any bank-
ing institution within any part of the United States other than the Territory of Hawaii.
(2) Any organization engaging in business pursuant to this general license shall not
engage in any transaction, pursuant to this general license or any other general license,
which, directly or indirectly, substantially diminishes or imperils the assets of such organi-
zation within the Territory of Hawaii or otherwise prejudicially affects the financial
position of such organization within the Territory of Hawaii.
(3) Any such organization shall file with the Governor of the Territory of Hawaii,
within sixty days after the date hereof, an affidavit on Form TFBE-1 setting forth the
data called for in such form. Any organization not complying with this requirement is
not authorized to engage in any transaction under this general license.
(4) Any bank effecting any payment, transfer or withdrawal pursuant to this gen-
eral license shall satisfy itself that such payment, transfer or withdrawal is being made
pursuant to the terms and conditions of this general license.
(5) Any organization engaging in business pursuant to this general license shall file
monthly reports in triplicate with the Governor of the Territory of Hawaii setting forth
the details of the transactions engaged in by it during the reporting period. Such report
shall indicate receipts and expenditures classified into general categories by source,
payee and purpose.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by 5(b), Ex. Order 40 Stat. 8785, 415 June 14, 1941, and Ex. Order 8832. July 26, 1941: Regulations,
. Part 131:-Sec and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179: Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 56-Generally Licensing Business Organizations In Hawall Which Are Nationals
of China or Japan
Business organizations in Hawaii which are nationals of China or Japan are permitted to
engage in the same activities in Hawaii as American citizens who are not blocked nationals.
However, business organizations licensed under this license cannot withdraw funds from
blocked accounts in banks outside Hawaii, nor can they engage in activities which substantially
diminish or imperil their assets. Banks effecting transfers under this license must satisfy
themselves that its terms have been complied with. Businesses must furnish full details
concerning their operations prior to operating under this license and must file monthly reports
thereafter.
(This license le subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 56-Concealón de licencia general a organizaciones de carácter comercial de
nacionalidad china o japonesa, en Hawall
A las organizaciones comerciales de nacionalidad china o japonesa, en Hawaii, se les permite
dedicarse a las mismas operaciones que los ciudadanos de los Estados Unidos que no son
nacionales bloqueados. Sin embargo, las organizaciones comerciales que disfruten de licencia
en virtud de esta licencia general, no podrán retirar fondos de cuentas bloqueadas en bancos
fuera de Hawaii, ni tampoco podrán emprender operaciones que disminuyan notablemente o
pongan en peligro su activo. Los bancos que efectúen traspasos en virtud de esta licencia
deben asegurarse de que todos los requisitos de la licencia han sido cumplidos. Las empresas
deben facilitar detalles completos acerca de sus operaciones antes de funcionar en virtud de
esta licencia y también deberán en lo sucesivo someter informes mensuales.
(Esta licencia queda supeditada a. in Disposición General No. 11 , no permite comerelo e comunicación
de ninguna naturaleta con un nacional enemigo.)
Regraded Unclassified
TRANSACTIONS INCIDENT TO TRADE BETWEEN THE UNITED STATES AND
ANY PART OF CHINA OTHER THAN MANCHURIA
TREASURY DEPARTMENT
Office of the Secretary
November 12, 1941
GENERAL LICENSE NO. 58, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 58 is amended to read as follows:
(1) A general license is hereby granted licensing all transactions ordinarily incident
to the importing and exporting of goods, wares and merchandise between the United States
and any part of China other than Manchuria, provided the following terms and conditions
are complied with:
(a) Such transaction shall not involve property in which any one of the following
has at any time on or since the effective date of the Order had any interest and shall
not be by, or on behalf of, or pursuant to the direction of any one of the following:
(i) any blocked country other than China, or
(ii) any person within Manchuria, or
(iii) any national of any blocked country other than China unless such national
is within China;
(b) Exports from the United States to China having a value in excess of $100
shall be effected only provided both of the following conditions are satisfied:
(i) payment therefor has been or will be made through a domestic bank and
such domestic bank has been notified by an appointed bank that the
importer within China has paid or has completed arrangements to pay
therefor with United States dollars acquired from such appointed bank,
or in lieu of the foregoing, a domestic bank has been notified by an
appointed bank that the shipment has been otherwise approved by the
Stabilization Board of China; and
(ii) on each shipment the domestic bank referred to in (i) shall execute Form
TFR-158 in quadruplicate. The original of such executed form shall be
transmitted by the domestic bank directly to the collector of customs at
the port of exportation and shall be received by such collector of
customs prior to the exportation of the shipment. The duplicate of such
executed form shall be delivered by the domestic bank to the exporter
or his agent who shall present and, if requested, deliver such copy to the
collector of customs at the port of exportation at the time the Shipper's
Export Declaration is filed. The remaining two copies of such executed
form shall be filed promptly by the domestic bank with the appropriate
Federal Reserve Bank.
(c) Imports into the United States from China having a value in excess of $100
shall be effected only provided both of the following conditions are satisfied:
(i) payment therefor in United States dollars has been or will be made
through a domestic bank and the exporter within China has sold or has
completed arrangements for selling such United States dollars to an
1940, as amended by 5(b), Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941: Regulations,
. Part 131:-See 40 Stat. 415 and 966: Sec. 2, 48 Stat. 1: 54 Stat. 179: Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
appointed bank, or in lieu of the foregoing, the shipment has been other-
wise approved by the Stabilization Board of China; and
(ii) prior to the release of any such shipment from customs custody the col-
lector of customs of the port of entry through which the shipment is
imported shall have received a consular invoice covering such shipment
and such consular invoice shall bear the certification of a United States
consul in China that an appointed bank has duly notified the consul that
the exporter within China has sold or has completed arrangements for
selling the United States dollar proceeds from such shipment to such
appointed bank or that the shipment has been otherwise approved by the
Stabilization Board of China.
(d) The conditions prescribed in (b) and (c) shall not apply with respect to any
import or export:
(i) if the shipment was in transit between the United States and China on
November 12, 1941 or
(ii) if the consignee or consignor of the shipment is the United States Gov-
ernment or the Chinese National Government or a recognized agency or
political instrumentality of either government; or
(iii) if payment for the shipment was fully effected prior to November 12, 1941,
and the following reporting procedure is followed: On each such ship-
ment a domestic bank participating in financing the shipment shall execute
Form TFR-158A in quadruplicate. The original of such executed form
shall be transmitted by such domestic bank directly to the collector of
customs at the port of importation or exportation as the case may be and
shall be received by such collector of customs prior to the release of such
shipment from customs custody or prior to the exportation of such ship-
ment as the case may be, The duplicate of such executed form shall be
delivered by the domestic bank to the importer or exporter or their
respective agents who shall present and, if requested, deliver such copy
to the collector of customs at the time the shipment is released from
customs custody or the Shipper's Export Declaration is filed, as the case
may be, The remaining two copies of such executed form shall be filed
promptly by the domestic bank with the appropriate Federal Reserve
Bank.
(e) Any domestic bank prior to issuing, confirming or advising letters of credit,
or accepting or paying drafts drawn, or reimbursing themselves for payments made,
under letters of credit, or making any other payment or transfer of credit, in connec-
tion with any importation or exportation pursuant to this general license, or engaging
in any other transaction herein authorized, shall satisfy itself (from the shipping
documents or otherwise) that:
(i) any such transaction is incident to a bona fide importation or exportation
and is customary in the normal course of business, and that the value of
such importation or exportation reasonably corresponds with the sums of
money involved in financing such transaction; and
(ii) such importation or exportation is or will be made pursuant to all the
terms and conditions of this license.
(2) As used in this general license:
(a) The term "appointed bank" shall mean any of those banks cooperating with
the Stabilization Board of China and buying and selling foreign exchange with the
permission of, and subject to the conditions prescribed by, such Board, the names of
which appear on Schedule A of this general license at the time the transaction is
effected.
(b) A person shall not be deemed to be "within China" unless such person was
situated within and doing business within China on and since June 14, 1941.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
November 12, 1941
SCHEDULE A OF GENERAL LICENSE NO. 58
The offices within Hong Kong and any part of China, except Manchuria, of the
following are hereby licensed as "appointed banks" within the meaning of General License
No. 58:
(a) The Chase Bank
(b) National City Bank of New York
(c) Underwriters Bank for the Far East
(d) American Express Company
(e) Moscow Narodny Bank, Ltd.
(f) Thos. Cook & Son (Bankers) Ltd.
(g) Hongkong & Shanghai Banking Corporation
(h) Mercantile Bank of India, Ltd.
(i) David Sassoon & Co., Ltd.
(j) E.D. Sassoon & Co., Ltd.
(k) E.D. Sassoon Banking Co., Ltd.
(1) Chartered Bank of India, Australia & China, Ltd.
(m) Nederlandsch Indische Handelsbank
(n) Nederlandsche Handel Maatschappij
(o) Shanghai Commercial and Savings Bank, Ltd.
(p) Bank of East Asia, Ltd.
(q) National Commercial Bank, Ltd.
(r) Chekiang Industrial Bank, Ltd.
(s) Bank of Canton, Ltd.
(t) Oversea-Chinese Banking Corporation, Ltd.
(u) Kincheng Banking Corporation
(v) China Banking Corporation
(w) Bank of China
(x) Bank of Communications
(y) Farmers Bank of China
(z) Central Bank of China
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
November 12, 1941
28-41
The Secretary of the Treasury today announced amendments to General License No. 58 relating to trade
between the United States and China under the freezing control and the issuance of a new general license covering
remittances to China.
Under today's amendment to General License No. 58 trade between the United States and China will be cleared
through the Stabilization Board of China or its authorized agents. U.S. Customs authorities have been instructed
before clearing shipments to require proof that this condition has been satisfied. The dollars accruing from exports
from China to the United States will be made available to China, and the National Government of China will be
aided in controlling imports.
The foreign exchange position of China will also be strengthened by the new General License No. 75 covering
remittances to China, Pursuant to this license remittances in any amount are permitted to any part of China, except
Manchuria, as long as the United States dollars arising from such remittances are made available to the Stabilization
Board of China upon its demand. Dollars in Chinese blocked accounts as well as unblocked dollars may be employed
in making such remittances.
Under General License No. 75 any domestic bank in the United States can accept orders for remittances to
China. Such remittances are then effected by a domestic bank paying the dollar amount of the remittance to a
designated agent of the Central Bank of China for the account of an "appointed bank." These dollars will in tarn
be made available to the Stabilization Board of China upon demand against delivery of an equivalent amount
Chinese national currency. The Chinese Government has announced that the Bank of China and the Philippine
Bank of Communications have been named as designated agents of the Central Bank of China.
Both the United States and Great Britain have previously entered into stabilization agreements with China
whereby dollar and sterling exchange have been made available to the Stabilization Board of China, Such Board
was established recently by China and consists of three Chinese, an American appointed by China on the recom-
Treasury. mendation of the Secretary of the Treasury, and a British national appointed on the recommendation of the Britist
The term "appointed bank" is defined in General License No. 58 as "any of those banks cooperating with the
Stabilization Board of China and buying and selling foreign exchange with the permission of, and subject to the
conditions prescribed by, such Board, the names of which appear on Schedule A of this general license at the time
the transaction is effected." The offices within Hong Kong and any part of China except Manchuria of the following
banks have been named "appointed banks":
(a) The Chase Bank
(b) National City Bank of New York
(c) Underwriters Bank for the Far East
(d) American Express Company
(e) Moscow Narodny Bank, Ltd.
(f) Thos. Cook & Son (Bankers) Ltd.
(g) Hongkong & Shanghai Banking Corporation
(h) Mercantile Bank of India, Ltd.
(i) David Sassoon & Co., Ltd.
(j) E. D. Sassoon & Co., Ltd.
(k) E.D. Sassoon Banking Co., Ltd.
(1) Chartered Bank of India, Australia & China, Ltd.
(m) Nederlandsch Indische Handelsbank
(n) Nederlandsche Handel Maatschappij
(o) Shanghai Commercial and Savings Bank, Ltd.
(p) Bank of East Asia, Ltd.
(q) National Commercial Bank, Ltd.
(r) Chekiang Industrial Bank, Ltd.
(5) Bank of Canton, Ltd.
(1) Oversea-Chinese Banking Corporation, Ltd.
(u) Kincheng Banking Corporation
(v) China Banking Corporation
(w) Bank of China
(x) Bank of Communication,
(y) Farmers Bank of China
(z) Central Bank of China
GENERAL LICENSE NO. 58.-Trade With China
General License No. 58 permits any foreign trade transactions with China on condition
that such transactions are financed by dollars furnished by or to a bank designated as a trusted
agent of the Stabilization Board of China. This general license also permits any shipment
by or to the Chinese National Government or the United States Government.
(This license is subject to General Buling No. 11, and does not permit any trade or communication
with any enemy national.)
[See Public Circular No. 10]
LICENCIA GENERAL NO. 58-Comercio con la China
La Licencia General No. 58 autoriza transacciones comerciales con la China siempre que
éstas se realicen a base de dólares suministrados por o para un banco que haya sido designado
como agente de la Junta de Estabilización de la China. Esta licencia general también permite
cualquier embarque por o para el Gobierno Nacional de la China o el de los Estados Unidos.
(Esta licencia queda supeditada a la Disposición General No. 11 F no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
(Véase Circular Pública No. 10]
Regraded Unclassified
OFFICES OF CERTAIN NEW YORK BANKS AND CERTAIN OTHER INSTITUTIONS
WITHIN CHINA-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
November 12. 1941
GENERAL LICENSE NO. 59, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 59 is amended to read as follows:
(1) A general license is hereby granted licensing as generally licensed nationals the
offices within Hong Kong and any part of China except Manchuria of the following:
(a) The Chase Bank
(b) National City Bank of New York
(c) Underwriters Bank for the Far East
(d) American Express Company
(e) Moscow Narodny Bank, Ltd.
(f) Thos. Cook & Son (Bankers) Ltd.
(g) Hongkong & Shanghai Banking Corporation
(h) Mercantile Bank of India, Ltd.
(i) David Sassoon & Co., Ltd.
(j) E. D. Sassoon & Co., Ltd.
(k) E. D, Sassoon Banking Co., Ltd.
(1) Chartered Bank of India, Australia & China, Ltd.
(m) Nederlandsch Indische Handelsbank
(n) Nederlandsche Handel Maatschappij
(o) Shanghai Commercial and Savings Bank, Ltd.
(p) Bank of East Asia, Ltd.
(q) National Commercial Bank, Ltd.
(r) Chekiang Industrial Bank. Ltd.
(s) Bank of Canton, Ltd.
(t) Oversea-Chinese Banking Corporation, Ltd.
(u) Kincheng Banking Corporation
(v) China Banking Corporation
(2) Any such office of any such bank is also authorized to engage in all transac-
tions ordinarily incident to the importing and exporting of goods, wares, and merchandise
between the United States and any part of China, except Manchuria, provided all the
terms and conditions of General License No. 58 are complied with.
(3) Banking institutions within the United States making any payment, transfer or
withdrawal from the accounts of any such office of the aforementioned banking institu-
tions shall file promptly with the appropriate Federal Reserve Bank monthly reports
setting forth the details of such transactions during such period.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941: Regulations.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10.
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 59-Offices Within Unoccupled China of Certain Banks Licensed as Generally
Licensed Nationals
General License No. 59 permits the offices of certain banks within unoccupied China to do
business for their own account and to finance trade between the United States and unoccupied
China under the conditions of General License No. 58. Banks within the United States must
file monthly reports of debits to accounts maintained in the United States by the banks afforded
privileges by this general license.
The privileges of this general license are conferred upon the offices within unoccupied
China of the following banks:
The Chase Bank.
National City Bank of New York.
Underwriters Bank for the Far East.
American Express Company.
Moscow Narodny Bank, Ltd.
Thos. Cook & Son (Bankers) Ltd.
Hongkong & Shanghai Banking Corporation.
Mercantile Bank of India, Ltd.
David Sassoon & Co., Ltd.
E. D. Sassoon & Co., Ltd.
E. D. Sassoon Banking Co., Ltd.
Chartered Bank of India, Australia & China, Ltd.
Nederlandsch Indische Handelsbank.
Nederlandsche Handel Maatschappij.
Shanghai Commercial and Savings Bank, Ltd.
Bank of East Asia, Ltd.
National Commercial Bank, Ltd.
Chekiang Industrial Bank, Ltd.
Bank of Canton, Ltd.
Oversea-Chinese Banking Corporation, Ltd.
Kincheng Banking Corporation.
China Banking Corporation.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
[See Public Circular No. 10]
Regraded Unclassified
LICENCIA GENERAL NO. 59-Se considera nacionales con licencia general a las oficinas de ciertos bancos
en la China no ocupada
La Licencia General No. 59 permite a las oficinas de ciertos bancos en la China no ocupada
llevar a cabo operaciones por cuenta propia y suministrar fondos para el comercio entre los
Estados Unidos y la China no ocupada de acuerdo con la Licencia General No. 58. Los bancos
en los Estados Unidos deberán presentar mensualmente informes de los débitos efectuados
contra las cuentas abiertas en los Estados Unidos por los bancos que disfrutan de los privilegios
de esta licencia general, Los privilegios de esta licencia general pueden ser utilizados por las
sucursales en la China no ocupada de los bancos siguientes:
The Chase Bank
National City Bank of New York
Underwriters Bank for the Far East
American Express Company
Moscow Narodny Bank, Ltd.
Thos. Cook & Son (Bankers) Ltd.
Hongkong & Shanghai Banking Corporation
Mercantile Bank of India, Ltd.
David Sassoon & Co., Ltd.
E.D. Sassoon & Co., Ltd.
E. D. Sassoon Banking Co., Ltd.
Chartered Bank of India, Australia & China, Ltd.
Nederlandsch Indische Handelsbank
Nederlandsche Handel Maatschappij
Shanghai Commercial and Savings Bank, Ltd.
Bank of East Asia, Ltd.
National Commercial Bank, Ltd.
Chekiang Industrial Bank, Ltd.
Bank of Canton, Ltd.
Oversea-Chinese Banking Corporation, Ltd.
Kincheng Banking Corporation
China Banking Corporation
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio 6 comunicación
de ninguna naturalesa con un nacional enemigo.)
(Véase Circular Pública No. 10)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 60 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.®
(1) A general license is hereby granted licensing the National Government of the
Republic of China and the Central Bank of China as generally licensed nationals.
(2) Any transaction engaged in by such government or such bank pursuant to the
order of or for the account of any person within China is also hereby authorized to the
same extent, and under the same circumstances, as though such transaction were solely
for the account of such government or such bank; provided, however, that this authoriza-
tion shall not be deemed to permit any payment, transfer or withdrawal from any blocked
account except as provided in paragraph (3) of this general license.
(3) This general license shall also authorize any payment or transfer of credit or
transfer of securities from any blocked account in which any national of China has an
interest to an account in a domestic bank in name of such government or such bank;
provided, no other blocked country or any national thereof has an interest, or has had
an interest in such blocked account at any time on or since the effective date of the Order.
(4) Banking institutions within the United States making any payment, transfer or
withdrawal from the accounts of such government or such bank or from any blocked
account referred to in paragraph (3) shall file promptly with the appropriate Federal
Reserve Bank monthly reports setting forth the details of such transactions during such
period.
(5) The term "generally licensed national" as applied to the National Government of
the Republic of China shall mean that such government may be regarded as though China
were not a blocked country, and all persons to the extent that they are acting for or on
behalf of such government may be regarded as generally licensed nationals.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
# l'art 131:-Sec. 5(b). 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 60-National Government of the Republic of China and Central Bank of China
General License No. 60 permits the National Government of the Republic of China and
the Central Bank of China to do business for their own account and for the account of persons
in China. This license authorizes payments from blocked accounts in which the only blocked
interest is Chinese to blocked accounts in United States banks in the name of the National
Government of China or of the Central Bank of China.
(This license la subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
[See Public Circular No. 10]
LICENCIA GENERAL NO. 60-Gobierno Nacional de In República China y Banco Central de la China
La Licencia General No. 60 permite al Gobierno Nacional de la República China y al
Banco Central de la China realizar operaciones por cuenta propia y por cuenta de personas en
la China. Esta licencia autoriza el efectuar pagos con fondos de cuentas bloqueadas en las
que el único interés bloqueado es chino, a cuentas bloqueadas en bancos de los Estados
Unidos, en nombre del Gobierno Nacional de la China o del Banco Central de la China.
(Esta lleencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ningung naturalesa con un nacional enemigo.) )
(Véase Circular PúblicaNo. 10)
Regraded Unclassified
OFFICES OF CERTAIN CHINESE BANKS OUTSIDE THE UNITED STATES
AND NOT WITHIN ANY BLOCKED COUNTRY OTHER THAN
CHINA-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
November 12, 1941
GENERAL LICENSE NO. 61, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General License No. 61 is amended to read as follows:
(1) A general license is hereby granted licensing the offices outside the United States
and not within any blocked country other than China of the following Chinese banks as
generally licensed nationals:
(a) the Bank of China;
(b) the Bank of Communications: and
(c) the Farmers Bank of China.
Any transaction engaged in by any such office of any such bank pursuant to the order
of or for the account of any person not within any blocked country is also hereby author-
ized to the same extent, and under the same circumstances, as though such transaction
were solely for the account of such office of such bank; provided, however, that this authoriza-
tion shall not be deemed to permit any payment, transfer or withdrawal from any blocked
account.
(2) Any office within Hong Kong or any part of China, except Manchuria, of any
such bank is also authorized to engage in all transactions ordinarily incident to the
importing and exporting of goods, wares and merchandise between the United States and
any part of China, except Manchuria, provided all the terms and conditions of General
License No. 58 are complied with.
(3) Banking institutions within the United States making any payment. transfer or
withdrawal from the accounts of any such office of the aforementioned banks shall file
promptly with the appropriate Federal Reserve Bank monthly reports setting forth the
details of such transactions during such period.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832. July 26. 1941: Regulations,
. Part 131:-Sec. 5(b), 40 Stat: 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10.
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 61-Certain Chinese Banks Licensed as Generally Licensed Nationals
General License No. 61 permits offices within unoccupied China and within unblocked ter-
ritory of the Bank of China (Chinese national), the Bank of Communications (Chinese national),
and the Farmers Bank of China (Chinese national) to do business for their own account and
for the account of persons in unoccupied China or unblocked territory. Such banks may also
finance trade between the United States and China under the conditions set forth in General
License No. 58.
Banks within the United States which debit accounts of banks licensed by this license
must file monthly reports.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
[See Public Circular No. 10]
LICENCIA GENERAL NO. 61-Se considers a ciertos bancos chinos nacionales con licencia general
La Licencia General No. 61 permite a las oficinas del Banco de la China (de nacionalidad
china), del Banco de Comunicaciones (de nacionalidad china) y del Banco de Agricultores de
la China (de nacionalidad china), en la China no ocupada y dentro del territorio sin bloquear,
realizar operaciones por cuenta propia y por cuenta de personas en la China no ocupada o en
territorio sin bloquear. Estos bancos también están autorizados para suministrar fondos para
el comercio entre los Estados Unidos y la China según las condiciones estipuladas en la Licencia
General No. 58.
Los bancos en los Estados Unidos que efectúen débitos contra las cuentas de bancos que
disfruten de esta licencia deberán someter informes mensuales.
(Esta licencia queda supeditada a. la Disposición General No. 11 , no permite comerrio o comunicación
de ninguna naturalesa con un nacional enemigo.)
(Véase Circular Pública No. 10)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 62 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted licensing as generally licensed nationals:
(a) China Defense Supplies, Inc., 1601 V Street, N. W., Washington, D. C.;
(b) the Universal Trading Corporation, 630 Fifth Avenue, New York, New York; and
(c) the New York office of the Bank of China.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 62-Certain Chinese Institutions In the United States Licensed as Generally
Licensed Nationals
General License No. 62 permits the China Defense Supplies, Inc., Washington, D. C.
(Chinese national), the Universal Trading Corporation, New York (Chinese national), and the
New York office of the Bank of China (Chinese national) to do business for their own account.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 62-Se considera nacionales con licencia general a clertas Instituciones chinas
de los Estados Unidos
La Licencia General No. 62 permite hacer negocios por propia cuenta 8. la China Defense
Supplies, Inc., Washington, D.C. (nacional china), a la Universal Trading Corporation, Nueva
York (nacional china), y & la oficina de Nueva York del Banco de la China (nacional china).
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comerelo o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 66 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing as generally licensed nationals the
offices in the territory of Hawaii of:
(a) the American Security Bank;
(b) the Honolulu Trust Company;
(c) the Liberty Bank of Honolulu;
(d) the Pacific Bank;
(e) the Sumitomo Bank of Hawaii; and
(f) the Yokohama Specie Bank, Ltd.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179: Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 66-Hawallan Offices of Certain Chinese Banks Licensed as Generally Licensed
Nationals
General License No. 66 permits the offices in Hawaii of the American Security Bank
(Chinese national), the Honolulu Trust Co. (Chinese national), and the Liberty Bank of
Honolulu (Chinese national) to do business for their own account.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
(See Public Circulars Nos. 8 and 8A]
LICENCIA GENERAL NO. 66-Se considera nacionales con licencia general a las oficinas en el Hawaii
de ciertos bancos chinos
La Licencia General No. 66 permite hacer negocios por propia cuenta & las oficinas en el
Hawaii del American Security Bank (nacional chino), de la Honolulu Trust Co. (nacional chino)
y a las del Liberty Bank de Honolulu (nacional chino).
(Esta lleencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
[Véase Circulars Póblicas Nos. 8 y 8A]
Regraded Unclassified
JAPANESE NATIONALS RESIDING CONTINUOUSLY WITHIN CONTINENTAL UNITED
STATES SINCE JUNE 17, 1940, AND CERTAIN JAPANESE BUSINESS ENTERPRISES-
GENERALLY LICENSED NATIONALS. REPORTS TO BE FILED
TREASURY DEPARTMENT
Office of the Secretary
As Amended March 10, 1942
GENERAL LICENSE NO. 68A, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted:
(a) Licensing as a generally licensed national any individual who is a national of Japan
and who has been residing only in the continental United States at all times on and since
June 17, 1940, and
(b) Licensing as a generally licensed national any partnership, association, corporation
or other organization within the continental United States which is a national of Japan
solely by reason of the interest therein of a person or persons licensed as generally licensed
nationals pursuant to this general license.
(2) This general license shall not be deemed to license as a generally licensed national:
(a) Any individual, partnership, association, corporation or other organization on the
premises of which the Treasury Department maintains a representative or guard or on the
premises of which there is posted an official Treasury Department notice that the premises
are under the control of the United States Government, or
(b) Any bank, trust company, shipping concern, steamship agency, or insurance company,
or
(c) Any person who, on or since the effective date of the Order, has represented or acted
as agent for any person located outside the continental United States or for any person owned
or controlled by persons located outside the continental United States, or
(d) Any person who on or since the effective date of the Order has acted or purported to
act directly or indirectly for the benefit or on behalf of any blocked country, including the
government thereof, or any person who is a national of Japan by reason of any fact other than
that such person has been domiciled in, or a subject or citizen of, Japan at any time on or
since the effective date of the Order.
(3) A report on Series J of Form TFR-300 shall be filed with the appropriate Federal Reserve
Bank on or before February 15, 1942, with respect to the property interests of every person
licensed herein as a generally licensed national if the total value of the property interests to be
reported is $1,000 or more.
(4) Every business enterprise licensed herein as a generally licensed national shall also file
with the appropriate Federal Reserve Bank on or before February 15, 1942, an affidavit setting
(orth the information required by Form TFBE-1, if the total value of all property interests of such
business enterprise is in excess of $5,000.
licensed national hereunder, shall file promptly with the appropriate Federal Reserve Bank a
in excess of $1,000 during any month from the account of any person licensed as a generally
(5) Banking institutions within the United States effecting payments, transfers or withdrawals
report showing the details of such transactions.
Deletion
March 10, 1942
proprietorship, partnership, association. corporation or other organization engaged in commercial
(6) As used in this general license, the term "business enterprise" shall mean any individual
or other business activites within the continental United States.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Es. Order 8389, April 5(b). 10. amended by Ex. Order 8785, June 14. 1941. Ex. Order 8832, 10, 1940, as
Part 131:-Sec. 40 Stat 415 and 966: Sec. 2, 48 Stat. 1: 54 Stat. 179: Public No. 354, 77th July Congress: 26. 1941.
Ex. Order 896.1, December 1940, 9. 1941, as and Ex. Order 8998, December 26, 1941; Regulations, April
amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 68A-Certain Japanese Nationals Given Status of Generally Licensed Nationals
General License No. 68A permits Japanese nationals who have lived in the United States
continuously since June 17, 1940, and organizations owned or controlled by such nationals to
engage in any activities in which an American citizen can engage if he is not a national of a
blocked country.
The license does not authorize any activities by (a) any person or organization of whose
premises the Treasury Department has assumed control; (b) any agent of any blocked country
or of any person outside the United States; or (c) any bank, shipping company, or insurance
company.
Additional reports on the foreign property census reports must be filed concerning property
of any Japanese national licensed by this license who has property within the United States
worth $1,000.
Any business enterprise licensed by this license which has property worth $5,000 must file
a full report concerning its business.
Any United States bank which makes a debit of over $1,000 to an account of a person
licensed by this license must report such debit.
(This license la subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 68A-Se concede a ciertos nacionales Japoneses el status de nacionales con
licencia general
la Licencia General No. 68A permite a los nacionales japoneses que han residido perma-
nentemente en los Estados Unidos desde el 17 de junio de 1940, y a las organizaciones de su
propiedad o controladas por tales nacionales, ejercitar cualquier actividad permitida a un
ciudadano de los Estados Unidos, siempre que éste no sea nacional de un país bloqueado.
Esta licencia no autoriza el desempeño de ninguna ocupación (a) a persona u organización
alguna sobre cuyos bienes ha asumido dominio la Secretaría del Tesoro; (b) ni 8 ningún agente
de país bloqueado o agente de persona alguna que estuviere fuera de los Estados Unidos; ni
(e) a ningún banco, compañía de navegación o de seguros.
Deben rendirse informes adicionales al censo de la propiedad extranjera sobre la propiedad
de todo nacional japonés a quien autorice esta licencia y que tenga bienes en los Estados Unidos
cuyo valor sea de $1000.
Toda empresa comercial autorizada por esta licencia y que posea propiedades por valor
de $5000 debe presentar un informe completo de sus negocios.
Cualquier banco de los Estados Unidos que anote un débito mayor de $1000 en la cuenta
de una persona autorizada por esta licencia debe informar de débito.
(Esta licencia queda supeditada . la Disposición General No. 11 , no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 69 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing the following as generally licensed
nationals:
(a) the San Francisco office of the Bank of Canton;
(b) the Sacramento office of the Sumitomo Bank of California;
(c) the Seattle office of the Sumitomo Bank of Seattle; and
(d) the offices in Los Angeles, San Francisco and Seattle of the Yokohama Specie
Bank, Ltd.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179: Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941: Regulations.
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 69-Bank of Canton Licensed as Generally Licensed National
General License No. 69 permits the San Francisco office of the Bank of Canton (Chinese
national) to do business for its own account.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
[See Public Circulars Nos. 8 and 8A]
LICENCIA GENERAL NO. 69-Concede licencia al Banco de Cantón en calidad de nacional con licencia
general
La Licencia General No. 69 autoriza & hacer negocios por propia cuenta a las oficinas en
San Francisco del Banco de Cantón (nacional de la China).
(Esta lleencia queda supeditada a In Disposición General No. 11 y no permite comercio o eomunicación
de ninguna naturalesa con un nacional enemigo.)
[Vé ase Circulares Públicas Nos. 8 y 8A]
Regraded Unclassified
TRANSACTIONS ON BEHALF OF, OR INVOLVING PROPERTY OF,
PORTUGAL AND ITS NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
As amended February 18, 1942*
GENERAL LICENSE NO. 70, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389,
APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO,
RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.
(1) A general license is hereby granted licensing any transaction referred to in Section I
of the Order, if (i) such transaction is by, or on behalf of, or pursuant to the direction of Portugal
or any national thereof, or (ii) such transaction involves property in which Portugal, or any
national thereof, has at any time on or since the effective date of the Order had any interest,
provided, that:
(a) Such transaction is not by, or on behalf of, or pursuant to the direction of any blocked
country or any national thereof, other than Portugal or any national of Portugal;
(b) Such transaction does not involve property in which any blocked country or any
national thereof, other than Portugal or any national of Portugal, has at any time
on or since the effective date of the Order had any interest; and
(c) If such transaction is not by, or on behalf of, or pursuant to the direction of the
Government of Portugal or the Banco de Portugal, such transaction shall not be
effected until the Banco de Portugal has certified in writing that the Banco de
Portugal has determined that such transaction complies with the conditions of para-
graphs (a) and (b) above.
(2) This general license also authorizes any payment or transfer from a blocked account in
which any national of Portugal has an interest to a blocked account in a domestic bank in the
name of the Banco de Portugal; provided, however, that this authorization shall not be deemed
to authorize any payment or transfer from a blocked account in which any national of a blocked
country, other than Portugal, has an interest, or has had an interest at any time on or since the
effective date of the Order.
(3) Except as provided in paragraph (2), this general license shall not be deemed to permit
any payment, transfer or withdrawal from any blocked account other than blocked accounts in the
name of the Government of Portugal or the Banco de Portugal, until the Banco de Portugal has
certified, with respect to the transaction, as provided in paragraph (1)(c) above.
(4) This general license shall not apply with respect to any national of Portugal who is also
a national of any other blocked country.
(5) A report on Form TFR-149 shall be filed promptly in duplicate with the appropriate
New material
exhatituted
Federal Reserve Bank by any banking institution within the United States:
February 18, 1942
(a) through which any remittance in excess of $5,000 originates; or
(b) which issues, confirms, or advises any letter of credit involving an amount in excess
of $5,000; or
(c) which debits any blocked account in an amount in excess of $5,000 for any single item
under the authority of this general license.
Banking institutions within the United States shall also file monthly reports on Form TFER-1
with the appropriate Federal Reserve Bank indicating the total of all debits and, separately, the
total of all credits effected pursuant to the provisions of this general license.
(6) As used in this general license, the "Government of Portugal" shall include the govern-
ment of any political subdivision (territories, dependencies, possessions, states, departments.
provinces, counties, municipalities, districts or other places subject to the jurisdiction thereof),
or any political agency or instrumentality of the government.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
* By Public Circular No. 15,
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785. June 14, 1941, Ex. Order 8832, July 26, 1941, amended Ex.
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179: Public No. 354, 77th Congress:
Order 8963, December 9, 1941. and Ex. Order 8998, December 26, 1941: Regulations, April 10, 1940, as
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 70-Transactions for Portuguèse Nationals
General License No. 70 permits transactions prohibited by the Order solely because they
involve nationals of Portugal. This license permits only such transactions as are effected
through the Government of Portugal or the Banco de Portugal, or with the certification of the
Banco de Portugal that they do not involve nationals of any blocked country other than Portu-
gal. This license also permits any transfer from an account in which the only blocked interest
is Portuguese to an account in & United States bank in the name of the Banco de Portugal.
United States banks must file monthly reports indicating the total volume of transactions
effected under this license. In addition, a detailed report must be filed on Treasury Form
TFR-149 by a United States bank which engages in a transaction involving over $5,000 under
the authority of this license.
(This license is subject to General Bullng No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 70-Transacciones de los nacionales portugueses
La Licencia General No. 70 autoriza transacciones que la Orden prohibe únicamente
porque envuelven a nacionales de Portugal. Esta licencia autoriza sólo aquellas transacciones
que se efectúan por mediación del Gobierno de Portugal o del Banco de Portugal, o con la
certificación del Banco de Portugal al efecto de que en ellas no están comprendidos nacionales
de ningún país bloqueado otro que Portugal. Esta licencia autoriza también cualquier traspaso
de cuentas, en las cuales el único interés bloqueado sea portugués, & otras cuentas en bancos de
los Estados Unidos a nombre del Banco de Portugal.
Los bancos de los Estados Unidos deben rendir informes mensuales, indicando el volumen
total de las transacciones efectuadas según esta licencia. Además, deben presentar un informe
detallado en la Hoja Modelo del Tesoro TFR-149 los bancos de los Estados Unidos que entren
en transacciones mayores de 5000 dólares y estén sometidos B la autorización de esta licencia.
(Esta lleencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
CODE OF FEDERAL REGULATIONS
TREASURY DEPARTMENT
Title 31-Money and Finance: Treasury
Chapter [-Monetary Offices, Department of the Treasury
Office of the Secretary
Part 131-General Licenses under Executive Order No. 8389,
August 16, 1941
April 10, 1940, as amended, and Regulations
issued pursuant thereto.
Section 131.71
GENERAL LICENSE NO. 71 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted authorizing the payment from any blocked account to any pub-
lisher or agent thereof for an individual subscription to a periodical published within the United States,
provided that:
(a) Such publisher (and the agent thereof, if payment is made to an agent of such publisher) is
located within the United States; and
(b) The total amount of any such payments from any blocked account does not exceed $25 in any
one month and does not exceed $100 in any one year.
(2) This general license also authorizes the mailing by any publisher or agent thereof of periodicals to
any addressees, provided that the periodicals are separately mailed from the United States direct to each
addressee.
(3) The term "periodical" as used in this general license shall include, but not by way of limitation,
any newspaper whether published daily or less frequently.
(4) Banking institutions within the United States engaging in any transactions authorized by this gen-
eral license shall file with the appropriate Federal Reserve Bank on or before the first day of January, April,
July and October reports indicating details of such transactions during each such quarterly period, includ-
ing appropriate identification of the accounts which are debited, and the total amounts debited to each such
account.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec, 5(b), 40 Stat. 415 and 966: Sec. 2, 48 Stat. 1: 54 Stat. 179: Ex. Order 8389, April 10, 1940,
as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations, April 10, 1940, as
amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 71-Payment for Subscriptions to United States Periodicals
General License No. 71 permits the payment of $100 a year from any blocked account for
subscriptions to United States periodicals. This license also permits the mailing of United
States publications to persons other than enemy nationals,
United States banks must supply quarterly reports of debits effected under this license.
(This license la subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 71-Pago de suscripciones a los periódicos de los Estados Unidos
La Licencia General No. 71 permite el pago de 100 dólares anuales con cargo a cualquier
cuenta bloqueada, para el pago de suscripciones a los periódicos de los Estados Unidos. Esta
licencia permite también el envío postal de publicaciones hechas en los Estatos Unidos, con
destino a personas que no sean nacionales de países enemigos.
Los bancos de los Estados Unidos deben informar trimestralmente sobre los débitos
hechos según esta licencia.
(Esta licencia queda supeditada & la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
LETTERS PATENT-FILING OF REPORTS ON FORM TFR-172 AND FORM TFR-132
TREASURY DEPARTMENT
Office of the Secretary
As amended October 23, 1941.
GENERAL LICENSE NO. 72, AS AMENDED, UNDER EXECUTIVE ORDER NO. 8389, APRIL
10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted authorizing (i) the filing in the United States
Patent Office of applications for letters patent for inventions and designs, and the prose-
cution of such applications, in which any national of any blocked country has at any time
on or since the effective date of the Order had any interest, and (ii) the receipt of letters
patent issued pursuant to any such application, provided the following terms and condi-
tions are complied with:
(a) The person filing or prosecuting any such application, or acting as attorney
or agent in connection therewith, shall notify the United States Patent Office
in writing that the application is being filed and prosecuted pursuant to this
general license; and
(b) Upon notification by the United States Patent Office that letters patent will
be issued and at least twenty days before the payment to such office of the
final fee therefor, there shall be filed directly with the Treasury Department
a report on Form TFR-172, setting forth, under oath, the information called
for therein.
(2) This general license shall also authorize any person who is not a national of any
blocked country:
(a) To file and prosecute applications for letters patent in any blocked country;
(b) To receive letters patent granted pursuant to any such application; and
(c) To pay fees currently due to the government of any blocked country, either
directly or through an attorney or representative located abroad, for the filing
of any such application, and for the granting and maintenance of any patent.
Domestic banks shall effect the payments referred to in (c) pursuant to the terms and con-
ditions of paragraph (2) of General License No. 33. All banks effecting any such payments
shall satisfy themselves that the foregoing terms and conditions are complied with.
(3) All persons engaging in any of the transactions authorized by (a) or (b) under
(2) above shall file promptly with the appropriate Federal Reserve Bank reports setting
forth the details of such transactions.
(4) With respect to each payment authorized by (c) under (2) above, reports on
Form TFR-132 shall be executed and filed in the manner and form and under the condi-
tions described in General License No. 32, as amended, except that item No. 6 of such form
shall be left blank and the originating bank shall indicate on the reverse side of such form:
(a) The specific purpose for which such payment is made;
(b) Whether or not an application for a patent has been filed in, or a patent has
been issued by, the United States Patent Office, covering the invention or
design involved; and
(e) If such application has been filed in, or such patent issued by, the United
States Patent Office, the number thereof.
(5) This general license does not authorize any assignment, grant, encumbrance,
creation of a license, or execution of any agreement or arrangement of, under, or with
respect of any patent, application therefor, license thereunder, or interest therein, in which
any blocked country or national thereof has, on or since the effective date of the Order, had
any interest, or any other transaction not specifically authorized by this general license.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 72-Applications for Patents In the United States and Blocked Countries
General License No. 72 permits blocked nationals to acquire patents in the United States,
provided that the United States Patent Office is notified that the patent is acquired under this
license and provided that a report is filed with the Treasury at least 20 days before the final
fee for the patent is paid to the United States Patent Office.
This license also permits any person who is not & national of any blocked country to obtain
patents in blocked countries, provided that he files a report with a Federal Reserve Bank.
Banks may forward remittances of patent fees to blocked countries in the same manner in which
remittances are made under General License No. 33 and, when they do so, must file detailed
reports concerning the parties remitting, the method of remittance, and the purposes for which
remittance was made.
Patent attorneys having in their possession property in which any of the above interests
exist must report on the foreign property census reports.
(This license le subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 72-Solicitud de patentes en los Estados Unidos y en los países bloqueados
La Licencia General No. 72 permite B los nacionales bloqueados adquirir patentes en los
Estados Unidos, siempre que se notifique a la Oficina de Patentes de los Estados Unidos que
In patente en cuestión se adquiere según esta licencia, y siempre que se presente un informe al
Tesoro por lo menos con 20 días de antelación al pago final por los derechos de la patente is la
Oficina de Patentes de los Estados Unidos.
Esta licencia permite también a toda persona que no sea nacional de un país bloqueado
obtener patentes en los países bloqueados, siempre que presente un informe a un Banco de la
Reserva Federal. Los bancos pueden remesar pagos de patentes a los países bloqueados, en la
misma forma en que se hacen las remesas según la Licencia General No. 33 y, cuando así lo
hagan, deberán presentar un informe detallado concerniente a los remitentes, la forma en que
se hace la remesa, y los propósitos con que se hace tal remesa.
Los procuradores de patentes que tengan en su posesión bienes afectados por alguno de
los intereses arriba mencionados, deben informarlo en los formularios del censo de la propiedad
extranjera.
(Esta licencia queda supeditada a In Disposición General No. 11 , no permite comereto o comunicación
de ninguna naturaless con un nacional enemigo.)
Regraded Unclassified
CERTAIN CHINESE PARTNERSHIPS-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
October 9, 1941
GENERAL LICENSE NO. 73 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted licensing as a generally licensed national
any partnership which is a national of China and which meets all of the following condi-
tions:
(a) the partnership has been continuously engaged in business within the conti-
nental United States since prior to June 17, 1940;
(b) the active management and control of such partnership is vested in partners
within the United States who are not nationals of any blocked country (or are licensed
as generally licensed nationals);
(c) since prior to June 17, 1940, no partner in such partnership has been a national
of any blocked country other than China.
(2) This general license shall not be deemed to license as a generally licensed national
any partnership which is a national of any blocked country other than China.
(3) All partnerships licensed herein as generally licensed nationals shall file with
the appropriate Federal Reserve Bank within thirty days after the date hereof a report
in triplicate setting forth: (a) the name and address of the partnership; (b) the name,
address and nationality of each partner; and (c) a statement that the partnership is
licensed as a generally licensed national under this general license. Any partnership not
complying with this requirement is not authorized to engage in any transaction under
this general license.
(4) Reports on Form TFR-300 are not required to be filed with respect to the prop-
erty interests of any partnership licensed herein as a generally licensed national.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
# Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179: Ex. Order 8389, April 10,
1940, AS amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
The following press release was issued in connection with General License No. 73:
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
October 9, 1941
At the request of the Chinese Government the Treasury Department today issued a
general license liberalizing the status of certain Chinese partnerships under the freezing orders.
The new general license frees the accounts of a large number of Chinese partnerships
engaged in business within the continental United States, particularly on the West Coast. The
need for this general license arose principally from the fact that "silent partners" are quite
customary in Chinese partnerships and very frequently one or more of these "silent partners"
would be a resident of China, thus subjecting the whole partnership to freezing control.
The Treasury stated that the new general license also relieves the affected partnerships
from the obligation of filing census reports on Form TFR-300 with respect to their property.
Regraded Unclassified
GENERAL LICENSE NO. 73-Certain Chinese Partnerships Licensed as Generally Licensed Nationals
General License No. 73 permits Chinese partnerships which have been continuously in
business in the United States since June 17, 1940, to engage in the same activities as American
partnerships which are not blocked nationals. This general license confers privileges on
partnerships which would be licensed under General License No. 42 except for the existence
of "silent partners" in unoccupied China. This general license does not confer privileges upon
partnerships which are nationals of any blocked country other than China.
Any partnership qualifying under this license was required to file a short report within 30
days after issuance of this license. The property of any such partnership was exempted from
foreign property census reporting requirements.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 73-Clertas sociedades chinas a las cuales se ha concedido licencia en calidad de
nacionales con licencia general
La Licencia General No. 73 autoriza a ciertas sociedades chinas que hayan realizado
negocios sin interrupción en los Estados Unidos desde el 17 de Junio de 1940, 8 ejercer las
mismas ocupaciones que pueden ejercer las sociedades norteamericanas no consideradas
nacionales bloqueados. Esta licencia general no confiere privilegios a las sociedades perte-
necientes & nacionales de cualquier país bloqueado que no sea la China.
A toda sociedad habilitada por autorización se le pidió que presentara un breve informe
dentro de los 30 días posteriores al otorgamiento de esta licencia. Se exceptuó 8 estas socie-
dades de presentar los informes sobre sus bienes que exige el censo de la propiedad extranjera.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comereto e comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
PAYMENTS FROM ACCOUNTS OF UNITED STATES CITIZENS WHO ARE ABROAD
FOR CERTAIN PERSONAL EXPENSES IN THE UNITED STATES
TREASURY DEPARTMENT
Office of the Secretary
October 9, 1941
GENERAL LICENSE NO. 74 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted authorizing payments and transfers of credit
from blocked accounts in domestic banks for the necessary personal expenses within the
United States of any citizen of the United States who is within any foreign country, and
for the personal expenses within the United States of the family of such citizen, provided
that the following terms and conditions are complied with:
(a) Such payments and transfers are made only from blocked accounts in the name
of, or in which the beneficial interest is held by, such citizen or his family;
(b) The total of all such payments and transfers made under this general license
does not exceed $500 in any one calendar month for any such citizen or his family.
(2) This general license shall not be deemed to authorize any payment or transfer of
credit which could not be effected without a license if such citizen were a generally licensed
national.
(3) Domestic banks making any such payment or transfer shall satisfy themselves
that the foregoing terms and conditions are complied with and shall file promptly with the
appropriate Federal Reserve Bank separate monthly reports in triplicate on Form TFR-111
respecting the transactions for the account of each such citizen.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
- Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179: Ex. Order 8389, April 10,
1940. as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 74-Payments From Blocked Accounts of United States Citizens Who Are Abroad
for Personal Expenses Within the United States
This license permits $500 per month to be paid from blocked accounts of United States
citizens who are within foreign countries for the personal expenses in the United States of the
citizens and their families. Banks making such payments must satisfy themselves that the
conditions of this general license have been complied with and must file reports with the
Federal Reserve Banks.
(This license is subject to General Buling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 74-Pagos con cargo a cuentas bloqueadas de cludadanos de los Estados Unidos
que se encuentran en el extranjero, para gastos personales en los Estados Unidos
danos de los Estados Unidos que residan en países extranjeros, para los gastos personales
Esta licencia permite el pago de $500 mensuales con cargo 8 cuentas bloqueadas de ciuda- de
dichos ciudadanos sus familias en los Estados Unidos. Los bancos que hagan tales pagos
deberán tener la certeza y de que se ha cumplido con las condiciones de esta licencia general y
deberán presentar informes a los Bancos de la Reserva Federal.
(Esta licencia queda supeditada a la Disposición General No. 11 , no permite comercio 0 comunicación
de ninguna naturaleza con un nacional enemigo.)
Regraded Unclassified
REMITTANCES THROUGH DOMESTIC BANKS TO PERSONS IN ANY PART
OF CHINA EXCEPT MANCHURIA
TREASURY DEPARTMENT
Office of the Secretary
As amended January 5, 1942
GENERAL LICENSE NO. 75 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING
TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted authorizing remittances in any amount by
any person through any domestic bank to any person in any part of China except
Manchuria, and any domestic bank is authorized to effect such remittances, provided the
following terms and conditions are complied with:
(a) Such remittances may be made from any account other than a blocked account
and, subject to item (b) hereof, such remittances may be made from the blocked
account of any national of China.
(b) Such remittances may not be made from any blocked account if any of the
following has an interest in such account:
(i) Any national of any blocked country other than China:
(ii) Any person within Manchuria; or
(iii) Any blocked country other than China; and
(c) Such remittances shall be effected by a domestic bank paying the dollar
amount of the remittance to a designated agent of the Central Bank of China for the
account of an appointed bank.
(2) All domestic banks effecting such remittances shall satisfy themselves that the
foregoing terms and conditions are complied with.
(3) With respect to each remittance made pursuant to this general license reports on
Form TFR-132 shall be executed and filed in the manner and form and under the condi-
tions prescribed in General License No. 32. Domestic banks through which any such
remittances originate shall note on the reverse side of such form the nature of the trans-
action for which the remittance is being made but need not furnish the information called
for in item 6 of such form.
(4) All dollars accruing to any appointed bank pursuant to this general license shall,
if so required by the Stabilization Board of China, be made available to the Board by pay-
ment to the Central Bank of China against delivery of an equivalent amount of Chinese
national currency.
(5) This general license shall not be deemed to authorize any transaction incidental
to imports and exports between the United States and China.
(6) As used in this general license:
(a) The term "appointed bank" shall have the same meaning as that prescribed
in General License No. 58.
(b) The term "designated agent of the Central Bank of China" shall mean the
Bank of China.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963,
+ Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179: Ex. Order 8389, April 10,
December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10, 1940, as amended
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 75-Remittances to Persons In China
General License No. 75 permits remittan ces in any amount to be made to any person in
China from free accounts or blocked accounts of Chinese nationals. The dollars remitted must
be paid to a designated agent of the Central Bank of China for the account of one of the ap-
pointed banks listed in General License No. 58. Upon demand of the Stabilization Board of
China the appointed bank must pay the dollars to the Central Bank of China in exchange
for Chinese currency. Banks effecting these remittances must satisfy themselves that the
conditions of this license are complied with and must file reports with the Federal Reserve
Banks. This license does not authorize transactions incidental to imports and exports between
the United States and China.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
[See Public Circulars Nos. 8, 8A, 10, and 11]
LICENCIA GENERAL NO. 75-Remesas a personas que están en la China
Esta licencia fué expedida con el objeto de fortalecer el cambio exterior de la China, al
permitir remesas & cualquier persona que se halle en dicho país de manera que el Consejo de
Estabilización de la China pueda tener dólares 8 su disponibilidad. La Licencia General No. 75 aut-
oriza las remesas de cualquier cantidad, hechas a cualquier persona que se encuentre en la China,
con cargo a cuentas libres 0 cuentas bloqueadas de nacionales chinos. Los dólares remitidos
deben ser pagados al agente autorizado del Banco Central de la China por uno de los bancos
designados y puestos en la lista de la Licencia General No. 58. A requerimiento del Consejo
de Estabilización de la China, el banco nombrado deberá pagar los dólares al Banco Central
de la China a cambio de moneda china. Los bancos que efectúen estas remesas deben cuidar
de que se cumplan a propia satisfacción las condiciones de esta licencia y deben presentar in-
formes a los Bancos de la Reserva Federal. Esta licencia no autoriza transacciones inci-
dentales 8 exportaciones e importaciones entre los Estados Unidos y la China.
(Esta licencia queda supeditada a Is Disposición General No. 11 , no permite comercio e comunicación
de ninguna naturalesa con un nacional enemigo.)
[Véase Circulares Públicas Nos. 8, 8A, 10, y 11]
Regraded Unclassified
TRANSACTIONS INVOLVING PROPERTY INTERESTS OF THAILAND, OR ANY
NATIONAL THEREOF, PRIOR TO BUT NOT ON OR SINCE DEC. 9, 1941
TREASURY DEPARTMENT
Office of the Secretary
December 9, 1941
GENERAL LICENSE NO. 76 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing any transaction which is prohibited by
the Order solely by reason of the fact that it involves property in which Thailand, or any
national thereof, has at any time prior to December 9, 1941, but not on or since December
9, 1941, had any interest.
This general license shall not be deemed to authorize any transaction, if (i) such
transaction is by, or on behalf of, or pursuant to the direction of Thailand, or any
national thereof, or (ii) such transaction involves property in which Thailand, or any
national thereof, has at any time on or since December 9, 1941, had any interest.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, . as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, and Ex. Order 8963,
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
December 9, 1941; Regulations, April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 76-Transactions Involving Property Interesis of Thailand or Nationals Thereof
Prior to December 9, 1941
General License No. 76 permits any transaction which was subject to freezing control
solely because it involved property in which 8. Thai national had an interest after June 14,
1941, provided that all Thai interest in such property was terminated before December 9, 1941.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 76-Transacciones que envuelvan intereses y blenes de Slam o de nacionales de
ese país con anterioridad al 9 de diclembre de 1941
La Licencia General No. 76 autoriza toda transacción que hubiere estado comprendida
en la inmovilización de fondos sólo por envolver bienes en los cuales nacionales siameses tuvieron
intereses después de junio 14 de 1941, siempre y cuando que todos los intereses siameses en
tales bienes hubieran terminado antes del 9 de diciembre de 1941.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio e comunicación
de ninguna naturaleta con un nacional enemigo.)
Regraded Unclassified
JAPANESE NATIONALS ENGAGED IN PRODUCTION, MARKETING OR
DISTRIBUTION OF FOOD IN UNITED STATES
TREASURY DEPARTMENT
Office of the Secretary
December 11, 1941
GENERAL LICENSE NO. 77 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED. AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.®
(1) A general license is hereby granted licensing any person engaged, prior to Decem-
ber 7, 1941, in the production, marketing or distribution of food products within the
Continental United States and who is a national of Japan to engage in all transactions
ordinarily incidental to the normal conduct of their business of producing, marketing or
distributing food within the Continental United States, provided, however, that this general
license shall not authorize
(a) any transaction which could not be effected without a license if such person
were not a national of any blocked country,
(b) total payments, transfers or withdrawals from blocked accounts of any such
person during any one week in excess of the average weekly payments from such
account during the six months' period immediately preceding the date of this license, or
(c) any transaction by or on behalf of nationals of Japan who were not generally
licensed nationals under General License No. 68 prior to December 7, 1941.
(2) Any person engaging in business pursuant to this general license shall not engage
in any transaction pursuant to this general license which, directly or indirectly, substan-
tially diminishes or imperils the assets of such person within the Continental United States
or otherwise prejudicially affects the financial position of such person within the Conti-
nental United States.
(3) Any bank effecting any payment, transfer or withdrawal pursuant to this general
license shall satisfy itself that such payment, transfer or withdrawal is being made pur-
suant to the terms and conditions of this general license.
(4) Where any blocked account in a bank is debited in excess of $500 per calendar
month pursuant to this general license, such bank shall file with the appropriate Federal
Reserve Bank a report for such calendar month setting forth the details of the transac-
tions in such account during the calendar month.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1240, é amended 131:-Sec. 5(b), Ex. Order 40 Stat. 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; 9, 1941. Regulations,
Part 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
April as 10, 1940, as amended by June 14, 1941, and July 26. 1941; Ex. Order 8963. December
Regraded Unclassified
The following is the text of a press release issued today respecting General Licenses
Nos. 11-A and 77:
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE,
PRESS SERVICE
Thursday, December 11, 1941
No. 29-0
The Treasury Department today announced regulations governing living expenses
and wages for Japanese nationals in the United States and regulations governing Japanese
nationals engaged in the production, marketing and distributing of food and agricultural
products within the United States.
Under General License No. 11-A any Japanese national in the Continental United
States may receive up to $100 per month for living and personal expenses for him and his
family. This license permits such payments from either the national's bank account or
from his employer in the form of wages. Banks and employers making such payments
are required to make certain that the Japanese national is not drawing more than $100
under the license. Thus a Japanese national cannot draw $100 per month in the form of
wages and at the same time withdraw $100 per month from his bank accounts.
Under General License No. 77 Japanese nationals engaged in the business of pro-
ducing, marketing or distributing food or agricultural products may, with minor excep-
tions, engage in all transactions incident to the normal conduct of such business. However,
under the license a Japanese national cannot withdraw from his accounts during any one
week for such enterprises sums in excess of his average weekly withdrawals during the
last six months. Moreover, the license covers only Japanese nationals who were previ-
ously licensed under General License No. 68. This action is intended to permit the orderly
movement of fresh vegetables and other food in areas such as the Pacific coast in order
to supply the needs of our civilian population and military forces.
Regraded Unclassified
GENERAL LICENSE NO. 77-Certain Japanese Nationals Engaged in Production or Marketing of Food In
United States Authorized To Carry on Their Business
General License No. 77 permits Japanese nationals engaged in the production or market-
ing of food products, with minor exceptions, to engage in all transactions incident to the normal
conduct of such business. Banks effecting any payments under this general license must
satisfy themselves that the terms of the license are complied with and, in cases where pay-
ments from any blocked account under this license exceed $500 a month, the bank must file
a monthly report giving details of the transactions in such blocked account.
(This license is subject to General Buling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 77-Clertos nacionales japoneses ocupados en la producción y venta de alimentos
en los Estados Unidos quedan autorizados para continuar sus negocios
La Licencia General No. 77 autoriza a los nacionales japoneses que se ocupan en la pro-
ducción y venta de productos alimenticios, a realizar, con ciertas excepciones, todas las trans-
acciones inherentes 8 la marcha normal de tales negocios. Los bancos que efectúen algún
pago de acuerdo con esta licencia general deben cuidar de que se cumplan a su satisfacción
los términos de esta licencia y, en los casos en que los pagos con cargo a alguna cuenta bloqueada
efectuados de acuerdo con esta licencia excedan de $500 mensuales, el banco debe presentar un
informe mensual dando cuenta de los detalles de las transacciones con cargo a dicha cuenta
bloqueada.
(Esta licencia queda supeditada a In Disposición General No. 11 y no permite comercio 0 comunicación
de singuna naturaless con un nacional enemigo.)
Regraded Unclassified
TRANSACTIONS INVOLVING PROPERTY INTEREST OF HONG KONG, OR ANY
NATIONAL THEREOF, PRIOR TO BUT NOT ON OR SINCE DECEMBER 25, 1941
TREASURY DEPARTMENT
Office of the Secretary
December 26, 1941
GENERAL LICENSE NO. 78, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing any transaction which is prohibited by
the Order solely by reason of the fact that it involves property in which Hong Kong, or
any national thereof, has at any time prior to December 25, 1941, but not on or since
December 25, 1941, had any interest.
This general license shall not be deemed to authorize any transaction, if (i) such
transaction is by, or on behalf of, or pursuant to the direction of Hong Kong, or any
national thereof, or (ii) such transaction involves property in which Hong Kong, or any
national thereof, has at any time on or since December 25, 1941, had any interest.
D. W. BELL
Acting Secretary of the Treasury.
1940, a as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963,
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
December 9, 1941, and Ex. Order 8998, December 26, 1941: Regulations, April 10, 1940, as amended
June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 78-Transactions Involving Property Interests of Hong Kong or Nationals Thereof
Prior to December 25, 1941
General License No. 78 permits any transaction which was subject to freezing control
solely because it involved property in which a Hong Kong national had an interest after
June 14, 1941, provided that all Hong Kong interest in such property was terminated before
December 25, 1941.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 78-Transacciones que envuelvan Intereses y bienes de Hong Kong o de sus
nacionales, con anterioridad a 25 de diclembre de 1941
La Licencia General No. 78 autoriza todas transacciones las que fueron sometidas a inmo- de
vilización únicamente porque comprendían bienes en los que tenían participación nacionales en
Hong Kong después de junio 14 de 1941 con tal que toda participación de Hong Kong
tales bienes hubiera terminado antes del 25 de diciembre de 1941.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de alnguas naturaleza con un nacional enemigo.)
Regraded Unclassified
PHILIPPINE CITIZENS RESIDING ONLY IN UNITED STATES OR IN GENERALLY
LICENSED TRADE AREA-GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
January 5, 1942
GENERAL LICENSE NO. 80 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted licensing as a generally licensed national any
individual who is a citizen of the Commonwealth of the Philippine Islands and residing
only in the United States or in the generally licensed trade area, as defined in General
License No. 53.
(2) Reports on Form TFR-300 are not required to be filed with respect to the property
interests of any individuals licensed herein as generally licensed nationals.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Congress; July 26, 1941, Ex. Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
Part 131:-Sec. Order 8389, 5(b), April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832,
40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 80-Philippine Citizens Residing Only in the United States or Generally Licensed
Trade Area Licensed as Generally Licensed Nationals
This general license removed the freezing restrictions from Philippine citizens residing in
the United States or in the generally licensed trade area. The persons affected by this general
license are not required to file foreign property census reports.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 80-Se considera nacionales con licencia general a los ciudadanos filipinos que
residen únicamente en los Estados Unidos o en una región comercial en que rige una licencia general
Esta licencia general suprime las restricciones sobre inmovilización de fondos, en favor de
ciudadanos filipinos residentes en los Estados Unidos o en la región comercial en que rige una
licencia general. Las personas afectadas por esta licencia general no están obligadas a presentar
informes sobre censos de propiedad extranjera.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de alnguna naturalesa con un nacional enemigo.)
Regraded Unclassified
NEW YORK OFFICE OF PHILIPPINE NATIONAL BANK AND CERTAIN OFFICES
OF HONG KONG AND SHANGHAI BANKING CORPORATION-
GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
January 5, 1942
GENERAL LICENSE NO. 81 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
A general license is hereby granted licensing as generally licensed nationals:
(a) The New York office of the Philippine National Bank; and
(b) The offices within the United States and the generally licensed trade area, as
defined in General License No. 53, of the Hong Kong and Shanghai Banking
Corporation.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
July Congress; 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
Part Ex. 131;-Sec. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order
5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 8832, 77th
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 81-New York Office of Philippine National Bank and Certain Offices of Hong
Kong and Shanghai Banking Corporation-Generally Licensed Nationals
General License No. 81 permits the New York office of the Philippine National Bank and
the offices of the Hong Kong and Shanghai Banking Corporation within the United States and
the generally licensed trade area to do business for their own account.
(This license la subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 81-Considers nacionales con licencia general a la sucursal en Nueva
York del Banco Nacional Filipino y ciertas oficinas de la Corporación Bancaria de Hong Kong y Shanghai
La Licencia General No. 81 permite efectuar negocios por cuenta propia a la sucursal del
Banco Nacional Filipino en Nueva York y a las oficinas de la Corporación Bancaria de Hong
Kong y Shanghai que operan en territorio de los Estados Unidos o de la región comercial en
que rige licencia general.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio e comunicación
de ninguns naturalesa con un nacional enemigo.)
Regraded Unclassified
GOVERNMENT OF COMMONWEALTH OF PHILIPPINE ISLANDS, UNITED STATES
HIGH COMMISSIONER, AND CERTAIN OTHERS GENERALLY LICENSED NATIONALS
TREASURY DEPARTMENT
Office of the Secretary
January 5, 1942
GENERAL LICENSE NO. 82 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANS-
ACTIONS IN FOREIGN EXCHANGE, ETC.*
The government of the Commonwealth of the Philippine Islands, the United States
High Commissioner to the Philippine Islands, and all officers of the United States Govern-
ment within the Philippine Islands, are hereby licensed as generally licensed nationals;
and all persons to the extent that they are acting for and on behalf of the foregoing are
hereby licensed as generally licensed nationals. The term "generally licensed national"
as applied to the government of the Commonwealth of the Philippine Islands shall mean
that such government may be regarded as though the Philippine Islands were not a blocked
country.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
July Congress; 26, 1941, Ex. Ex. Order Order 8389, 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941;
. Part 131;-Sec. 5(b), April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Regulations,
40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. Order 354, 8832, 77th
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
GENERAL LICENSE NO. 82-Government of the Philippine Islands, United States High Commissioner,
and Other Persons Licensed as Generally Licensed Nationals
General License No. 82 permits the Government of the Philippines, the High Commis-
sioner to the Philippines, all officers of the United States in the Philippines, and all persons
to the extent that they are acting for any of the foregoing, to engage in the same activities as
American citizens who are not blocked nationals.
(This license is subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
LICENCIA GENERAL NO. 82-Considera nacionales con licencia general al Goblerno de las Islas Filipinas.
al Alto Comisionado de los Estados Unidos en las Filipinas y a otras personas que gozan de licencia
La Licencia General No. 82 permite realizar las mismas actividades que los ciudadanos de
los Estados Unidos que no son nacionales bloqueados, al Gobierno Filipino, al Alto Comisionado
de los Estados Unidos en las Filipinas, a todos los funcionarios de los Estados Unidos en las
mismas y a cualquiera otra persona que actúe en nombre de los que anteceden.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
Regraded Unclassified
EXTENSION OF TIME FOR FILING REPORTS ON FORM TFR-300
CODE OF FEDERAL REGULATIONS
TREASURY DEPARTMENT
Title 31-Money and Finance: Treasury
Office of the Secretary
Chapter I-Monetary Offices, Department of the Treasury
September 18, 1941.
Part 130-Regulations relating to transactions in foreign exchange,
transfers of credit, payments, and the export and withdrawal of
coin, bullion and currency; and to reports of foreign property
interests in the United States.
Appendix
AMENDMENT OF PUBLIC CIRCULAR NO. 1
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS
ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.*
Public Circular No. 1 is amended to read as follows:
"Reference is made to Section 130.4 of the Regulations providing that reports on
Form TFR-300 shall be filed on or before July 14, 1941.
"The time within which such reports on Form TFR-300 shall be filed is hereby
extended to October 31, 1941."
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, . as amended by 5(b), Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941: Regulations,
Part 130:-Sec. 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
PUBLIC CIRCULAR NO. 1-Time for Filing Reports on Property Owned by a Blocked Country or National
Thereof
Public Circular No. 1 specified October 31, 1941, as the final date on which foreign prop-
erty census reports could be filed.
CIRCULAR PÚBLICA NO. 1-Término en que deben ser presentados los Informes sobre propledades de
un país bloqueado o de nacionales de los mismos
La Circular Pública No. 1 fijó el 31 de octubre de 1941 como la última fecha en que podían
presentarse los informes sobre censos de propiedad extranjera.
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
August 1, 1941.
PUBLIC CIRCULAR NO. 2,
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGU-
LATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.*
The following are replies which the Treasury Department has made to inquiries:
(1) Drafts or other orders for payment drawn under irrevocable letters of credit issued
in favor or on behalf of any blocked country or national thereof may not be presented,
accepted or paid except pursuant to license.
(2) Drafts or other orders for payment, in which any blocked country or national
thereof has on or since the effective date of the Order had any interest, drawn under any
irrevocable letter of credit may not be presented, accepted or paid except pursuant to
license.
(3) Documentary drafts in which any blocked country or national thereof has on or
since the effective date of the Order had any interest may not be presented, accepted or
paid except pursuant to license.
(4) General License No. 1 does not authorize any such payment into blocked accounts.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940, as amended
This Public Circular affects Parts 130 and 131 and will be included in appendices to those parts.
by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations, April 10, 1940, as
amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
PUBLIC CIRCULAR NO. 2-Presentation, Acceptance, or Payment of Drafts or Other Orders for Payment
in Which a Blocked National Has an Interest
The freezing control prohibits the presentment, acceptance, or payment of any order for
payment drawn under irrevocable letters of credit issued in favor of or on behalf of a blocked
national.
The freezing control prohibits the presentment, acceptance, or payment of any order for
payment in which 8 blocked national has an interest, which was drawn under an irrevocable
letter of credit.
The freezing control prohibits the presentment, acceptance, or payment of any documen-
tary draft in which a blocked national has an interest.
General License No. 1 does not permit any of the above transactions.
CIRCULAR PÚBLICA NO. 2-Presentación, aceptación e pago de giros u otras órdenes de pago en las cuales
esté Interesado un nacional bloqueado
El sistema de inmovilización de fondos prohibe la presentación, la aceptación o el pago
de cualquiera orden de pago girada por medio de cartas de crédito irrevocables expedidas 8
favor 0 en nombre de un nacional bloqueado.
También prohibe la presentación, la aceptación, o el pago de cualquier orden de pago en la
cual esté interesado un nacional bloqueado y que haya sido girada por medio de carta de
crédito irrevocable.
El sistema de inmovilización de fondos prohibe igualmente la presentación, la aceptación
o el pago de cualquier giro documentado en el cual se encuentre interesado un nacional blo-
quesdo.
La Licencia General No. 1 no permite ninguna de las transacciones antedichas.
Regraded Unclassified
TREASURY DEPARTMENT
Office of the Secretary
August 11, 1941.
PUBLIC CIRCULAR NO. 3
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGU-
LATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.
The Treasury Department has made the following reply to inquiries relative to General
Licenses Nos. 15, 53, and 58:
Transactions may be engaged in pursuant to the terms and conditions of such general
licenses, irrespective of the ownership, control or documentation of the vessel on which
the goods, wares and merchandise are shipped, and irrespective of whether or not freight
on such goods, wares and merchandise has been prepaid.
(Signed) E. H. FOLEY, JR.
Acting Secretary of the Treasury.
. Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
PUBLIC CIRCULAR NO. 3-Ownership, Control or Documentation of Ships
The importing and exporting of goods between the United States and the Netherlands
West Indies, unoccupied China, and the generally licensed trade area under General Licenses
Nos. 15, 53, and 58 are permitted regardless of the ownership, control, or documentation of
the vessel carrying the goods and whether or not the freight has been prepaid.
CIRCULAR PÚBLICA NO. 3-Propiedad, Control o Documentación de Barcos
La importación y exportación de mercaderías entre los Estados Unidos y las Antillas
Holandesas, la región no invadida de la China y la región comercial generalmente autorizada
bajo las Licencias No. 15, 53 y 58 se permite sin tener en cuenta la propiedad, el control o la
documentación del barco que lleve la carga, ni el hecho de que los fletes hayan sido pagados
o no.
Regraded Unclassified
UNITED STATES TREASURY DEPARTMENT
Office of the Secretary
PUBLIC CIRCULAR NO. 4
UNDER EXECUTIVE ORDER No. 8389, APRIL 10, 1940, AS AMENDED
AND REGULATIONS ISSUED PURSUANT THERETO
AUGUST 16, 1941
INSTRUCTIONS FOR PREPARATION OF REPORTS ON FORM
TFR-300 OF ALL FOREIGN-OWNED PROPERTY SUBJECT
TO THE JURISDICTION OF THE UNITED STATES
+ + +
Relating to Reports to be Filed on Form TFR-300 with Respect to All
Property Subject to the Jurisdiction of the United States on the Opening of
Business on June 1, 1940, and With Respect to All Property Subject
to the Jurisdiction of the United States on the Opening of Business on
June 14, 1941, in Which, on the Respective Dates, Any Foreign
Country or Any National Thereof Had Any Interest of Any
Nature Whatsoever, Direct or Indirect, and With Respect to
All Property Subject to the Jurisdiction of the United
States on the Opening of Business on July 26, 1941, in
Which on Said Date China or Japan or Any National
of Either Thereof Had Any Such Interest
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON # 1941
Regraded Unclassified
INSTRUCTIONS FOR PREPARATION OF REPORTS OF ALL
FOREIGN-OWNED PROPERTY
TABLE OF CONTENTS
SECTION I-INTRODUCTION
Section
I. Introduction
Free
Reporte of all property subject to the jurisdiction of the United States on either or both
Section
IL General Instructions
I
June 1, 1040, and June 14, 1941, in which on either or both dates any foreign country whatever or
A. Property to be reported
I
national thereof had an interest, are required by Section 130.4 of the Regulations of April 10,
B. Who must make report
1
1940, as amended, issued pursoant to Executive Order No. R389, as amended. Additional
C. What Series of Form TFR-300 to use-Description of the Series
or
reports are required of all property subject to the jurisdiction of the United States on July 20,
D. Separation of reports for different countries or nationals
I
1941, in which on said date China or Japan or any national of either thereof had any interest.
R. Time and place of filing report
4
Form TFR-300, on which all such property must be reported, has been prepared and issued in
F. When no report need be filed
&
nine series, each designated by & sorial letter. Each series TFR-300 Series A. through TFR-100
G. Penalties
5
Series 1. inclusive, is adapted for facility in reporting the property called for therein, and in
Section n. Property classes:
IT. Information regarding preparation of reports
6
designed for the use of particular groups and classes of persons under duty to report. For
0
envenience the series will hereinafter be referred to by their serial letters. (i, #: "TFR-300
Class A-Bullion, currency, and deposita
Series A" will be referred to B.M. "Series A"; TFR-300 Series B" as "Series B," etc.)
Class B-Financial securities
6
Section II of this Circular contains general instructions applicable to all the serion, indicating
Class C--Notes and drafts; debta to and claims by national
6
briefly the purpose and use of each thereof.
Class D-Miscellaneous personal property; personal property liens
7
Section III consists of a classification of all property, designated by Classes A to J, inclusive,
Class E-Real property; mortgages; other rights to land
7
and within each classification specific types of property to be reported are designated by sub-
Class F-Patents, trade-marks, and copyrights; franchises
8
headings numbered 1 to 30, inclusive. The classes and numbered types of property classi- there-
Class G-Estates and trusts
8
under are for uniformity in reporting and are applicable in each series where such a
Class II-Partnership and profit-sharing agreements
8
ficalion in required. However, the designation of such classes and numbered types of includible property
Class I-Insurance policies; annuities
9
should not be regarded as exampting from the reporting requirements any property not
Chass J-Other property
9
Section IV. Instructions for Series A
9
therein. Sections IV to XII are each devoted to specific instructions pertaining, respectively, to one
Section V. Instructions for Serios B
9
of the Series A through 1, inclusive. Section XIII gives instructions relating to exchange rates.
Section VI. Instructions for Series C.
11
BEFORE ATTEMPTING TO PREPARE ANY SERIES, a person required determine to report
Section VII, Instructions for Serins D
15
should read completely Sections I, II, and III of this Circular. He should then Circular
Section VIII. Instructions for Series E
17
what series of Form TFR-300 be in obliged to une and examine the Section of this to
Section IX. Instructions for Series F
18
setting employ more than one series in order completely to supply the information required,
forth specific instructions for that particular series. One person may be obliged and in
Section X Instructions for Series G
21
Setion XL Instructions for Series H
23
that should examine the Section pertaining to each such series.
Section XIL Instructions for Series I
26
Section XIII, Table of Exchange Rates
27
Reserve thereto, Bank, the Governor or High Commissioner of any territory or possession
Copies this Circular, and all of the series of Form TFR-300 may be obtained from of any the United
event of Executive Order No. 8389, as amended, and the Regulations issued pursuant Federal
30
(11)
States, end the Secretary of the Treasury, Washington, D. C.
SECTION II-GENERAL INSTRUCTIONS
the A. Property to 1040, as amended, issued under Eneutive in the juris-
be reported.-Except as noted in persgraph F hereaf, Section Order No. 130.4 8380, (a) as of
Regulations of that April 10, be filed with respect to ALL PROPERTY outject and with respect to
amended, requires reports the opening of business on June 1, 1940, opening of business
diction ALL of the United States to on the jurisdiction of the United States on the foreign country or
June PROPERTY in subject which on the respective dates, or either of them, or indirect, any and with respect
national on 14, 1941, of nature whatsoever, direct 1941, in which
to ALL PROPERTY thereof had any subject interest to the any jurisdiction of the United States on July 26,
(1)
2
a
on said date China or Japan or any national of either (heref bad any such interest. The reports
- other organisation, but such eintrol or A estetantial part of with winch, charm finale,
anout be made whether or not such property la or has born blocked or subjected to any other
100% and drafts, up other securition if viligations le THAT beld for not - - former
nutriction whatever by (If under the Executive Order, an amended, and regardless of whether
country aml/or restional timest, such partientip, megioration - other organi-
a report on Form TFR-100 with respect to such property shall have been previously filed.
salion shall be demand to be $ national of each of such foreign The Secretary of
Subject to the esceptions in Instruction F following, no person who in & national is escused
the Treasury stall have full power to determine that any person is at shall be demot la be a
"national" within the meaning of this definition, and the foreign country of which evich permit
from reporting in his behalf concerning his property or interest in property because of
la or shall be deemed to be & national. Without limitation of the fungolog, the terms "sations)"
doubt be may have as to his status as a national. A person required to report concerning any
shall also Include any other person who la determined by the Berretary of the Treasury to be,
property of another should regard such other as a national for the purpose hereof, if be has
or to have been, store such effective date, writing nr purporting fur act. directly or indimetly
any ressonable cause to believe that such other in or might be A national. If anyone fails la
for the beantit or under the direction of a foreign country designated in title Order or national
report esmeerning property of 8. national because he has no knowledge, notice, or other reasonable
thereof, M herein defined.
cause to believe that such person is a national, be should file & report, with 86 explanation,
whenever be acquires knowledge, or receives notice, or has reasonable cause to believe that with
For the purpose of Form TFR-300, "national" shall include "foreign country" wherever
person in a national concerning whose property a report in required. Similarly, where a doubt
appropriate.
exista as to whether or not & national had an interest in certain property, and also when there
B. Who must make report--A report must be filed by:
is reason to believe that A. national had such (LI) interest but the identity of the national à in
(1) Every national of a foreign country, in the United State, with respect to all property
doubt, all such property should be regarded an coming within the purview hereof.
whatsoever subject to the jurisdiction of the United States on June 1, 1940, or June
Property is classified in Section III of this Circular. The terms "United States," "penes,"
14, 1941, in which on either or both dates he bad any interest of any nature whatso-
"Tornign country," and "national" are defined ne follows in section 5 of Executive Order No.
ever, direct or indirect;
6380, as amended:
(2) Every person in the United States with respect to all property whatsoever held by him
or in bis custedy, control, or possession, directly or indirectly, in trust or otherwise,
B. The term "United States" means the United States and any place subject to the juris-
and all debta or other obligations whateoever ownl by or amerted against him, and
thereof; the term "continental United States" means the states of the United States,
all contracts of any nature whatsoever to which be WM a party, subject to the juris-
the District of Columbia, and the Territory of Alaska.
diction of the United States on June 1, 1940, or June 14, 1941, in which on either or
organization. C, The term "person" meate an individual, partnership, association, corporation, or other
both dates any foreign country or any national thereof bad any interest of any nature
D. The term "foreign rountry" shall include, but not by way of limitation,
(3) Every partnership, trust, association, corporation, or other organisation organized or of
whateoever, direct or indirect:
(i) The state and the government thereof on the effective date of this Order M well M
any political subdivision, agrocy, or instrumentality thereof or any territory, dependency,
existing under the laws of the United States or of any state, territory, or district
threef, entry, protectorate, mandate, dominion, possession, or place subject to the Jurisdiction
the United States, or having its principal place of business in the United States,
(II) Any other promot (including any political subdivision, agency, or Instru-
with respect to any shares of its stock, including any right or claim in ownership derived
mentality thereof) to the extent and only to the extent that such government exercises (if
control or participation in ownership or control thereof or profite or income written
claims to exercies de jure or de farso enversignty over the area which on such effective date
or therefrom, or any equity in any of the foregoing, whether or not expressed by
constituted such foreign rountry, and
agreement or evidenced by any instrument, and with respect to all bonds, debentures, to
(III) Any person to the extect that such person M, or has been, or to the extent that
other funded obligations or any equity therein, and with respect any
there la marcaide called to believe that such person La, or bas been, einee such effective
date, acting or perporting to act directly or indirectly for the benefit or on behalf of
notes, other outstanding or securities or equity therein, in any of which any foreign country
any of the foragoing.
or any national thereof had on either or both June 1, 1940, and June 14, 1041, any
E. The term "national" shall include,
(1) Any person who has been domiciled in, or a subject, citizen or resident of a foreign
(4) Every interest any or representative in the United States for any foreign country or for to any the
of nature whatsenver, direct or indirect;
country at any time on or sines the effective date of this Order,
national of the United States on June 1, 1940, or June 14, 1941, be agent in
agent thereof, having any information with respect to property subject in which
(ii) Any partormhip, amociation, corporation or other organization, organized under
place of business le such foreign country, or which on or store such effective date was or
the laws nf, THE which on or sizue the effective date of This Order had or has had its principal
jurisdiction on both dates the foreign country or national thereof for which or indirect, was but
drafta, or other consities or obligations of which, was un has been owned or controlled by,
las been controlled by, or a substantial part of the elock, shares, bonda, defentures, notes,
or such representative agent or representative who files a. report in behalf this of paragraph.
either or had any interest of any nature whatsoever, direct the national under
berein defined,
directly MF indirectly, such foreign country and/or one or the nationals thereof. -
paragraph an (1) above need not file a duplicate report under
national of sub foreigo country, and
date, acting or purporting to act directly or Indirectly for the terefit or un behalf of any
(m) Any person to the extent that such person Ia, or Time been, since such effective
In addition be made to with requirements respect to any property subject to the jurisdiction of either thereof had any
the of paragraphs (1) through (4) above, separate of the United reports States shall
similarly on July 26, 1941, in which on mid date China of Japan or any national
herein defined.
(Iv) Any other person who there la ressonable cause to believe la a "national" as
interest direct of
whatsoever, TFR-500 indirect. to use.-Nine different serios of Form TFR-300 series. The have brief been
one In any que las which by virtue of the foregoing definition a la national of Chan
C. What Series of Form be obliged to use more than ene aeries, and the
this Onler in which the combined interneta of two or more foreign countries foreign in
In any fureign name country, ruch person shall be deemed to be a national person of nach a such none country
provided. Some forth persons below reporting indicates may the persons who should use each of particular each series is intended
Licres, of the foregoing, matel at 25 per omtum or more agengate of the constitute, deben-
meaning and/or nationals themat am sufficient in the to designated within the
description circumstances set should be used. This description limiting
under which each the right and proper series and is not intended amended, as and or
time, drafts, MT other intorities or obligations of & partnership, stock, amonistion, shares, boods, experiation
only restricting to facilitate the reporting the selection requirements of contained in Executive Order No. 8359, M
the Regulations issued pursuant thereto.
4
5
Description of the Series
duplication by of enveral persibs reporting the same property or debt, shall not excluse
(I) Series A shall be used (i) by individual nationals not engaged in business, to regions
of anyone from rondering all reports required of birn.
E. Time and place of filing report-Repurts must be emeuied and Bled in qualtruplicate ou
for themselves, and (ii) by other persons to report property interests of much nationals,
except as to property which the person reporting is required to report on One or more
of Commissioner of the territory or possession of the United States in which the if person such filing
before September 30, 1941, with the Federal Reserve Bank of the district or the Governor or
of Series C through H. An individual national employed by another person or
High resides of has & principal place of business or principal office or agency, or Reserve person
in rendering service in n. recognized profession is deemed for the purposes hereof not
the report legal residence or place of business or principal office or agency in A Federal Bank of
to be "engaged in business."
has no or a territory or possession of the United States, then with the Federal Rewrre should retain a
(2) Series B shall be used (i) by all nationals to report for themselves, except individuals
district New York or the Federal Reserve Bank of San Francisco. Persons reporting
not engaged in business, and (ii) by other persons to report property interests of such
nationals or of foreign countries, except as to property which the person reporting is
copy F. of each When report no report filed need by be them. fled.-No report need be filed if either of the following conditions
required to report on one or more of Series C through H. Trustees and other repre-
sentatives of estates and trusta (other than trustees of business trusts in which the
exists: (1) If the total value of all property of any national which any one person would in otherwise of
interents of beneficiaries were represented by financial securities) shall report the
be required to report WM on both June 1, 1940, and June 14, 1941, and, case
property of the trust on this Serios, when report in required (nee Instruction 2 under
property vided that this exemption shall not apply to the lease of a safe deposit box, patents,
required to be reported on Series L, on July 26, 1941, less than $1,000, to pro-
Section Vel this Circular), but shall report the interests under the trust of beneficiaries
who are nationals, on Series A or B, as appropriate. Reports of the property of
trade-marks, copyrights, and franchises, to interests in partnerslips and profit-sharing and
business trusts in which the intervata of beneficiaries were represented by financial
securities shall, when A report in required, be made on this Series, but the interests of
agreements, further, that when reports on several acries for one national all
not to property the value of which cannot readily be determined, would be re-
beneficiaries who are nationals shall be reported on Series C.
provided from any one person, the exemption applies only if the total of deduction property shall on
(a) Beries C shall be used by organizations, only to report holdings of financial securities of
quired all the series ja less than $1,000. In arriving at the value of $1,000, no
all types issued by them.
(4) Bories D shall be used by banks and safe deposit companies, only to report sale deposit
(2) If be national concerning whose property a report would otherwise or be General required, License - a
made for offsets, Liens, or other deductions from gross value; or
hoxie to which they do not have access and the contents of which are unknown
generally the licensed national pursuant to General License No. 42
to them. In any case where a bank or safe deposit company has socess to and knowl-
No. 68, under Executive Order No. 8389, as amended.
edge of the contents of any such box, other appropriate Series shall be used for report*
General Lécense No. 42 reads in part:
ing property contained therein.
license is hereby granted as generally licensed at all nallonale times no individuals and
(5) Series E shall be used by banks, only to report deposit accounts, collection items,
cashier's and certified checks, bank acceptances, and letters of credit.
who have been in and at all times an and einos June 17, 1940, If la demied to
A general dominiled and maiding only la the United States such effective
(6) Series F shall be used by banks, only to report financial securities in their cirstody 12"
the effective date of to the June Order 17, 1940: promided, Answer, that this la a Scense national shall of & not foreign
held by them M collateral.
date la submequent national any Individual who of foreign
(7) Series G shall be used by brokers, only to report balances, securities, and commodities,
license by reason M a of generally any fact other licensed than that such individual date. has been a subject or eitisen %
(8) Series II shall be used by insurers, only to report insurance policies, annuities, pensions,
country al any dates" time of on the or Order which are not "subsequent en to to the June Netherlands, 17, 1940" are, Belgium, as to
since such effective
and securities and commodities contracts, held for customers.
etc., and claims and indebtedness arising under insurance policies.
The "effective nationals thereof, April 8, 1940, including Monaco,
(D) Series I shall be used by any person, only to report property subject to the jurisdiction
and Norway Luxembourg and Denmark and nationals and thereof, May 10, 1940, and as to France,
of the United States on July 20, 1941, in which on said date China or Japan or any
and nationals thereof, June 17, 1940.
national of either thereof had any interest. A report on this Series is required in
General No. 68 reads in part!
addition le any report with respect to property of China, Japan, and nationals of
License la hereby granted Benning MI generally been reding licensed only nationals la the United Individuals States
either thereof required to be filed on any of Series A through H. Series I is to be used
to report any property (LA of July 26, 1941, irrespective of the Series which the prrson
who nt all A are time general nationale ou and of since China June and 17, Japan 1940; and provided, who individual have however, who that a this a national License shall of China nut to of China downel Japan un
reporting may have been required to employ as of June 14, 1941.
to by license as of & any generally fact ute lieused than (hat national such any individual has beien a subject or citizen of
D. Separation of reports for different countries or nationals.-A separate report shall be made
Japan at any time on or alnee such date.
with respect to each foreign country or national which has any interest in any properly to be
reported, but all items of property of each such person covered by any one series shall be included
in one report on that series. For example, if the person reporting owes debte to five different
G. (1) Penalties- Section 5 (b) of the Act of October 6, 1017 (40 Stat. 415), as amended, applicable
nationals be will make live separate reports, listing on each report all of his debta to the particular
hereto, provides
national for whom that report is made. If be owes one debt jointly to five nationale, be will
Whoever rule or regulation issued thereunder, may be im-
in part: willfully violates any of the provisions of shall, this upon nub-
also make Eve separate reports, entering the whole debt on each. If it is known or them in
reasonable entire to believe that a national other than the national in whose name any properly
division conviction, or of be any fined license, not more order, than $10,000, both; or, and if B any natural officer, person. director, or agent,
is carried has M) interest in or adverse claim upon the property, the property must be alsow on
a report for nach such national interested or adverse claimant as well as for the national in whom
prisoned of corporation for not more who than knowingly ten years, participates both." or in such violation may be pun-
name il is carried. Any duplication in reporting the same property or debt en several reports
ished any by A like fine, imprisonment, or
401002'-11-2
Regraded Unclassified
6
7
N) Bestion 130.4 (e) (1) of the Regulations of April 10, 1940, as amended. immed under
el the foregning: (8) Common stocks of domentic corporations, and of other whatever IFT class, Sind voting of stock or
Executive Order No. 8380, as amended, provides:
"All spaces in the report must be properly filled in. Reports found not
Desmine, that preferred stock], interves to voting tende, stock poole, shares and beneficial intervate in
to my including debenture stock, participating stock, any smller irpo interest, and
tn be in proper form, or lacking in essential details, shall not be doemed to have
folber unster's certificates, by whatever name called, representing or partiner-
been filed in compliance with the Order."
any business trust or other type of unincorporated business organization except a issued
ship: (9) domestic corporation, to which any preference of any kind attaches, United over States, any including
any Preferred stocks of domestic corporations, including all stock, voting or annoting. other Tasme
H. Information regarding preparation of reports.-Anyone desiring information AS to whether
or not he is required to make a report of what Series of Form TFH-300 he should tase may
by any of that same corporation; (10) Foreign securities held in the attached detached,
apply to any Federal Reserve Bank.
of risch and other bonds, registered or bearer, and matured compaine, due, nr negotiable
SECTION III-PROPERTY CLASSES
mortgage notes, and any other evidences of funded debt, past due or to become a foreign govern-
debentures, crecuted or issued either within or without the United States not by incorporated, OF by
Before preparing any report read this Section in detail-Section 130.4 (a) of the Regulations
of alherwise, subdivision, instrumentality, or agency thereof, whether or organized and exist-
of April 10, 1040, as amended, issued pursuant to Executive Order No. 8889, as ammeded,
ment un any or other association or organization, business (IF otherwise, funded debt
requires reports on Form TFR-300 of all property subject to the jurisdiction of the United States
any corporation the laws of any country other than the United States, representing niher instrument by
in which any foreign country or national thereof had AD interest on either or on both June I,
ing under and all stock, common or preferred of all types or kinds, and any euch corporation, organs
1940, and June 14, 1941: In this Section, property in classified for purposes of the reports,
throwl, called, representing shares or beneficial interests in any of the foregoing:
The types of property specified in Series A, B, and T of the Form are identical with those in this
whatever or name association and including certificates of deposit with respect in any rights, options, or
Section and are identically numbered. The elamilication is very closely followed in all the other
estion. scrip, rights, and options; other accurities, warrants, scrip, financial security or
arrins. It is imperative that all property be entered under the correct type upon the appropriate
arries. Series A. B, and 1 require that the person reporting state whether or not he has repurted the
other instruments absolutely or upon contingency, and all other enstracts securities whatsoever
(15) Warrants, evidencing the right to receive, purchase, er acquire any relating to the purchase
entre of all property he is called upon to report therein.
interest therein, securities, issued or unissued; and any other financial in the United
Class A-Bullion, currency, and deposits,-(1) Bullion, both gold and silver; (2) Currency
et or sulo rights of therein, financial commonly dealt in by bankers, brokers, and investment
and coin, United States and foreign; (3) Demand deposits payable in the United States in United
States
States dollars or foreign currency, including any and all demand deposits or accounts maintained
Class C-Notes and notes, including all checks, eashier's or official bank and checks any and sight all other hotes,
of elsewhere. and drafts; debts to and claima by national.-(12) Checks, drofts. drafts, time
with any bank or broker, or others, in the ostional's own name or jointly with one or more other
persons, FIF en which he has authority to draw, or maintained in some other name for the present
or future benefit of the national, or in which the national has an interest, whether or not he lass
drafts, payment orders and remittances; therounder
banker's acceptances, trade acceptances, promissory notel, (12) Letters of credit, including
the right to draw thereon; (4) Other deposits payable in the United States in United States dollars
drafte, or bills of exchange, agreements, and wherein the obligation of any bank extends to national
or foreign currency, maintained with any bank, broker, or others, including savings accounts,
all similar or instruments at the or request of, or for the account of, a national rights, or contingent or any abolute, las
compound interest accounts, accounts represented by certificates of deposit, postal savings
directly in the indirectly letter of credit, or otherwise known, who has any of the lotter of credit 117 in reimburse-
accounts, and any and all other accounts, other than demond deposits, maintained in the
nauved receive in any amount pursuant la the terms demands, and contracts, including book
national's own name or jointly with one or more other persons, or on which he has authority to
ment for any any payments unused portion thereof: (14) Debte, claims, indebtednes and claims arising under refunds: no-
draw, un maintained in some other name for the present or future benefit of the national, or in
accounts, accounts receivable, judgments, and awards; indemnity bonds; draw-backs, rebaies, payment and of money
which the national has en intervet, whether or not be has the right to draw thereon.
Class B-Financial securities-(5) United States Government obligations, including all
Imcis, policies all of insurance, other debta, and claims, surely and demands due or than past any due represented for the by an instrument
United States bonds, registered or bearer, notes, bills, certificates of indebtedness, savings
and whether including or not secured in any manner whatsoever fother other type), due or claimed to be due to or &
stamps, matured coupons, attached or detached, and every other such direct obligation of the
United States Government, and all obligations evidenced by financial securities guaranteed as to
oridencing funded debt, or OF classified corporation under residing some or doing will business payable in only the on United special States domand
principal or interest by the United States Government, but not obligations not so guaranteed as
national subject to from the jurisdiction any person thereof, except where the made debt is not within the United States: and WM any
to principal or interest; (6) State, municipal, and other local government obligations, including
bonds, registered or bearer, matured coupons, attached or detached, notes, certificates of indebted-
and the place where and due rights demand under therefor contracts, could not be otherwise present classified, or future, to which vesied a national or contingent #
Desa, and any other such obligations of any state, territory, district, or possession of the United
States, and of any applicy or instrumentality or subdivision thereof, and of all municipal corpora-
and party esecutory all or contracts in which partly a executed, national had liquidated any interest or unliquidated whatever, therein. regardless of the nature of the Warthouse contract
tions, including, without limitation, cities, towns, townships, counties, parishes, irrigation districta,
or the
school, water, drainago, and las districts, special authorities, and any other similar obligations
and including certificates of deposit with respect to any of the foregoing; (7) Bonds of domestic
reneipts, cláims to bille on of lading, personal and property; any and (16) Options and present futures or in future claims to, any commodities business un,
Class D-Miscellaneous all other instruments, negotiable commodities, traded on any em-
nature or and extent of the personal national's property: interest personal property or Hens-(15) otherwise, representing
corporations, including mortgage bonds, registered or bearer, and matured coupons, attached or
detached, debentures, notes, income bonds, and any other evidences of funded debt, past due
or to become due, and all receiver's or truster's certificates and similar instruments, and any
other obligation evidenced by An instrument, negotiable or otherwise, representing funded
or creept the jewelry, proceeds etc., of including stocks of nw goods materials, en agricultural or otherwise in and transit, precious other metals.
modity exchange, or including the sale of any any interest commodities: in, or (17) Goods and merchandise products, goods for in pments. than
corporate dobt, executed OF issued by or in the name of any corporation organized under the laws
of the United States or of any state, territory, district, OF possession thereof, including all such
finished gonds in stuck stones, or and on precious consignment, nietals; (18) or Jeseby, as stock previous in Lendo, alone or for other commercial or equip-
obligations of any agency or instrumentality of the United States not guaranteed as to principal
or interest by the United States Government and including certificates of deposit with respect
jowelry, other purposes; than precious (19) bullion, Machinery, whether equipment, hold for personal and livetock, use, for business use, all machinery
Regraded Unclassified
8
9
ment on lund, stand, or in use, automobiles [business], trucks, automotive ar otherwise, Knd
customarily classified as machinery and equipment, vemela of any type and tonnage, charter
and profit-shiaring agreements for joint adventures; profit-pooling and profit-eboring agreements other
Class agreements, all partnership agreements, general, spocial. limited, or and any
11-Partnership and profit-sharing agreements-(25) Intirnatà under partnership other
other vehicles, equipment sod fornishings, and whatever also of like or misnitar type,
parties, and all other interesta represented by instrument or otherwise in the ownership, rights
type, other rights to receive, or share in, profits of partnerships, bininess whether ur EFF non- not
to possemion, use, or control of any vessel (other than maritime or other finns thereon|; farm
operation of any business or necupation; (20) Objects of art and furnishings for personal liar,
incorporated rights granted under such agreement are security for & debs don,
and all business organizations [not represented by a financial or security). $ A manner or method
machinery and equipment, livestock; and all other tangible personal property used in the
including all art objects, coin and stamp collections, household furniture and furnishings, automo-
of the liquidating 1-Insurance such debt or policies; otherwise. annuities-(29) Surrender miles of insurance policies; and
biles [personal], and all other tangible personal property not used for commercial purposes; (21)
Class value of annuities, of all types, including pensions and actuarial endowments practice. and persion
Liens on and claims to personal property, not otherwise classified, including trust receipts, bills
of sale, contracts for conditional sale or resale, lease-sale arrangements, repurchase agreements,
endowment progral contracts, determined in accordance with standard under I
any and all future, or contingent; debta due or to become due, claims, or referred to in any of the
Class other property, real, personal, or mixed, tangible or intangible, or interest demands, or actions,
J-Other property-(30) Other property, not classifiable type to 89, including interests
chattel mortgages, pledges; maritime, cattle, timber, and crop liens; and all other instruments
not otherwise classified evidencing any lien on, or claim to, personal property, and all other liens
on or claims to personal property, not represented by any instrument by whatever name called,
therein, present, things in action, or interest therein, not specified, mentioned, inclusive,
arising by agreement or by operation of law.
Class E-Real property: mortgages; other rights to land-(22) Lands and buildings
(BUSES (eregoing OF property classes designated "Class A" to "Class 1",
for personal use, including only property used exclusively all a dwelling by the national and his
SECTION IV-INSTRUCTIONS FOR SERIES A
family and not more than one other family; (23) Lands and buildings other than for personal
use, including all property used as a dwelling other than that classified under type 23 preceding,
instructions.-Itead these instructions in full before beginning do to - prepare before Serien reading A.
all lands and the buildings, structures, and other improvements thereon used for commercial,
If 1. have Reading not also read carefully Sections 1, II, and III of this Circular,
manufacturing, mercantile, agricultural, and other business purposes, and interests therein;
these you instructions. File all reporte in quadruplicate. used:
ground rents, leascholds, together with rents, accrued or lo accrue, tax warrants, earments,
mineral rights, oil righta, limber and other rights in or to land or the products thereof or %
1. Scope of Series 4.-This nationals Series not engaged is lo be in business to report for themselves, ascept on to and
share therein, royalties, and any other rights in the lands of another; (24) Mortgages im real
(a) By other individual to report property interests of such nationale, of Series C through II. property
property: other rights le land, morigage bonds, mortgage notes [other than corporate mortgage
which (6) the By person reporting persons national is employed required to by report another on person one of or more engaged and in therefore rendering bute service property in n.
bonds or notes represented by financial securities], mortgage participation certificates, guaranteed
or otherwise, dends of trust, and any other bond, note, or other instrument secured by a lien on
An individual is deemed not to be "engaged in busines", Service of Form TFR-J00, nee Instruc-
any real property or interest therein; contracts for the purchase and sale of real property, whether
recognized should be reported profession on this Serios. For the scope of each
or not partially executed, options, and any and all other rights or interests in or liens, vested or
tium C
contingent, upon real property or upon an interest in real property.
in Part II of this Circular. question must be answered and all of Use operilio if information information
Class l'-Patents, trade-marks, and copyrights; franchises-(25) Patents, trade-marks,
called 3. for Anmore must be required.-Ench given. When there is nothing the to case report may under be, with any all question explanation or if required,
copyrights, and inventions, including patents, trade-marks, registered or unregistered, copy-
rights, inventions, and secret processes, or any present, future, or contingent interest therein,
is lacking, that state in Part "Ao", C spaces "none", not or needed "unknown", for reporting as have. should be left blank. No person is excused
and agreements pertaining thereto; all rights incidental to the ownership of patents, trado-marka,
or copyrights, including applications therefor and licenses, by definition or otherwise, immunities,
from except furnishing information concerning he reasonably whose should property report is being is being made.-Enter reported is in a this national, красп
and assignments, relating thereto, and any other contracts affecting or involving the foregoing,
4. Nationality country of person of which the person whose property amended.
such so, but not by way of limitation, the right to receive royalties, including any royalties due
the defined name of in each Section 6E of Executive Order No. 6389, as
and unpaid, myalties paid in advance, reciprocal licensing arrangements and emitracts by which
any information in the nature of technical data, know-how, or otherwise, is transmitival or
exchanged, or any right therein by which any license or privilege is granted or may be exercised,
as be filled 5. (a) Part out General-If B.- further than this to report insert is the being name made of the by national the national on the for line himself, provided this for Part the need name not of
to examine the operations of any plant, factory, or other productive unit, to examine or supervase
the person
the books thereof, to inspect any finished product, or to have the right of visitation or any other
Name.-11 reporting. the person reporting is an individual doing business under a trade Executive name,
such right incidental to or separate from the right to receive royalties or other componsation;
give
(26) Franchises, concessions, licenses, and permits, by any of which any special right or privilego
(b) both Nationality.-It the actual name the and person the trade reporting name, is a national country as defined of which in he Section is a national. SE of of the
incident thereto,
may be exercised affecting the commencement, continuation, or conduct of a business, or as an
Order (c) No. 8389, C.-Schedule as amended, 1.-This state the Schedule name of requires each classification the valuation set of aut all in the Section property III of this of
Class G-Estates and trusts-(27) Interests in estates and trusts, ench and every right
or interest, present or future, absolute or contingent, in or to any of the property or calate of a
national Circular, 6. Part within which must each property be followed type strictly, contained but property in the No not proporty falling shall under be any reported of the under other types type so,
deceased person, which may belong to the national or in which he has an interest, whether the
same exista by reason of the provisions of a last will and testament or by operation of law in
the Class classification if it constitutes must be property reported reportable under type M 30. any other of each type typo in any of other property class. such held ou price June in not 14,
case of the intestacy of the decensed, and all other rights or interesta, or future, abrolute,
revocable or contingent, belonging to the national or in which he has present an interest, in or to any
1941, Enter J, the in market Column price (a) the at total the opening value of of the business items In estimating eb June 14, value, 1941, the or last if value sale of price which of bid, was
property or fund hold or controlled by a trustee or other fiduciary by whatever name described.
if available, reasonably at at the close entimated to June 14, value 1941, on which may that was be date used to be as paid a basis. of liquidated Property, in 8 the foreign currency. shall
expressed
in
n
foreign
currency,
or
Regraded Unclassified
10
11
value thereof shall be converted into dollars, in ansurdance with the instructions relating
be valued at the dollar value if dollar market value existed therefor; if not, the foreign surrenet
native if the aggregate amount thereof exceedo $1,000 even through such -
inditution, of several debts payable by the debtor shall be itemiand each Individual separately item in this is
exchange rates given in Section XIII of this Circular. Enter in Column (b) the lotal value to
the items of esch type of property reported as being beld on June 1, 1940, The June 14, 1041. of
Schedule $1,000. Inventories of nou-idention items commonly making up une group. provided
well than furniture and fornishings, shall not be reported as une item. be Except listed 04 specifically in in
unit value shall be und in both Column (a) and Column (b). In other words, if the name number
bousehold property items of a lesset value than $1,000 should not the total value of
of unite of a particular kind of property was held on both June 14, 1941, and June 1, 1940,
enter the same amount in Column (b) as in Column (a). If the number of units of a kind of
this this paragraph, Schedule, although the value of each must be included in determining
property hold (If) June 1, 1940, was different from the number held on June 14, 1041, likewise
property of in each Column type (a) in Schedule the number 1. of the property type in which the item is included. Enter
use the same per unit value in Column (b) as is used in Column (a). In any case where property
was hold only on June 1, 1940, none of it being held on June 14, 1941, the value should be reported
in Column patent, commonly referred to by number or other similar designation, state With regard la
Enter (b) a short description or identification of the property item. In case of briefly property, the
en the basis of the value un June 14, 1941, unless such value is not determinable, in which ATROS
with as a nature of the property in addition to the number or other designation. and address of the penion
the value of such property ou June 1, 1940, should be entered in Column (b). In the large
objet or other than debta and claims, enter in Column (c) the name the number or other
event an appropriate notation should be made that the June 1, 1940, value was used.
property the property was deposited or by whom is was held, and give hept. With
All values should be given in dollare. Do not enter fractions of a dollar.
with whom of any safe deposit box or similar receptacle in which the property of the was dobtor. If the
With respres far goods delivered to a common carrier or other carrier for hire, on (if prior
designation debts to and claims by the national, state the name and address "Person reporting"
in June 1, 1040, or June 14. 1041, and in transit on either day, (a) a national reporting for himself
regard to is held by or owed by the person reporting, it will suffice to state valne of each property
shall report the goods if title therein had then been acquired, and if not, his contract right or
property of the name and address. Enter in Columns (d) and (e) the the instructions for
other intenest in the goods, (b) all persons (other than carriers for hire) who had received such
item in place en June 14, 1041, and June 1, 1940, 68 determined in accordance with
goods from 6 national for the national's account, or had forwarded such goods to or for the
account of & national, or to whom such goods had been- consigned for a national shall report
valuation Additional given sheets above for identical Schedule in form 1. with Schedule III are provided for the of persons
such goods or interest therein, (e) common carriers and other carriers for hire having temporary
custody of the goods solely for transportation and actually engaged on June 1, 1940, and June
reporting who find the the space information in Schedule called III for insufficient in the questions under this part listed must in be Part given C,
14, 1941, respectively, in transporting the same, need make no report of such goods. Greeds
9. Part June D.-All 1940, and June 14, 1041, for each of the property items information as of that
held name. by a carrier in a warehouse, or otherwise stored under ita control, must be reported by the
as of both If 1, a properly Item was held en only ano date, give the number of its type and
Schedule date. In III. the answers each item of property shall be designated by the
Producers and sellers of goods who are not themselves nationals need not report unfilled
orders received from OF given to a national, but they must report long-term merchandise ole-
by its description in Part C, Schedule III.
themselves. tracts with nationals Such unders, ns well as such contracts, must be reported by nationals
10. Afidavit.- and manner of execution-The report will not be accepted unless oathe, it whome is property
7. Part O-Schedule /7.-This Schedule requires B statement of the indebtedness of the
signed and affixed. The affidevit need be attested only on the notarial original seal.
(a) Necessity sworn (affirmed) to before an officer authorized to administer of the report, but the
national payable to persons in the United States, within each indebtedness type Be classified and
must affidavits be fully conformed, except M to the
described in the Schedule, State under each type number only the total amount of indebtedness
on enpies shall must execule.-Affidavite be in behalf of partnerships shall be executed vice president, by a partner. unre-
of each type being reported. Nationale reporting for themselves should enter all their indebted-
Tiests of each type, Persons reporting concerning nationals should enter only the indebtedness
Affidavite tary, or enmo in behalf other of principal any officer authorized to make the report on behalf
(b) Who organization shall be executed by the president, al the organization.
owed by the national to them. All refuse should be given in dollars. Do not enter fractions of a
dollar. Indebtedness payable in a foreign currency should be converted into dollars in secord-
SECTION V-INSTRUCTIONS FOR SERIES B
name with the instructions relating to exchange rates given in Section XIII of this Circular.
these instructions in full before beginning to prepare before Series reading B.
Note that a person whose nole relation to a national is that the national owes him an unereured
debt need not für any report whatever on Form TFR-300.
If you 1. have Reading not instructions-Read also read carefully Sections I, 11, and III of this Circular, do so
8. Part 0-Schule III-List in this Schedule, in the order in which the property types are
these instructions. File all reports in quadruptions.
given in Schedule I of this part, each item of property of the value of $1,000 or more either DO
June 1, 1940, or on June 14, 1941, or both, concerning which report is being made. Property
2. (a) Scope By all of nationals Series B.-This to report Series for is themselves, to be used: except individuals not engaged in business,
items included in Clars F, i. fine patents, trade-marks, copyrights, and franchises, and in Clase H,
i. K., partnership and profit-sharing agreements, shall be listed even though valued at les than
$1,000, However, no reference whatever should be made to any invention with respect to which
and except (b) as By to other property persons which the person reporting is required report remenized profession in
to report property interests of such to nationals on no our of or foreign more countries of Suries
A secrecy order has been issued by the Commissioner of Patents pursuant to the Act of October
C Serios H.
0, 1917 (40 Stat. 394), as amended. Also list all items of property the value of which is not
readily determinable A property item is any unit of property commonly bought, sold, assigned,
domod through A person not to employed be "engaged by another in Series business". or engaged of Form and in TFR-200, therefore resilering bise em service property Instruction in a should 0 in be Pari reported II of this on
released, or alienated, except that the total of ementially similar units of the same kind is regarded
as one item, such na a number of certificates each for shares of stock of the same issue, of a
Surve Circular, Trustees A. For and the other acope representatives of all of estates and trusts by (other financial than securities) trustees in of abliged which business an to
number of separate bonds of the same issue, or several head of cattle. The total number of
certificates or instruments, if available, shall be stated with regard to financial socuritive and
existing trusta in national, which the or interesta nationals, of beneficiaries as beneficiary were bad represented any internet, the property reind of or the contingent, trust on the had Serim all
appropriate designation shall be made of other units of property, but in other respects the prop-
erty may, when practicable, be treated entirely as one item. Several bank accounts with the
when be reported, the total including national intereste interests in no income, either shall or both report June 1, 1940, and June 14, 1041,
13
12
immediate value, determined in accordation with standard actuarial practice, of over $50,000,
Intor in Column (a) the total value of the items of each type of property held en June 14.
(if what the national internete exempled ten percent of comparable interests in the Inst, reguid.
1041, at die market price at the opening of bustness ob June 14, 1941, OF if such price is evail
less of the value of the interesta. If the trust les itself a national for any reainn, report must be
at the retimated value on that date In vatimating value, the less ente prive or bil, il
runde for the trust on Series B, irrespective of whether a national WM a beneficiary. The report
namedably give, close to June 14, 1941, may be used as a basis. Property, the value of which was
for the trust should contain un A suitable attached sheet a brief but definite description of (he
expresent in a foreign currency, or which was to be paid or liquidated in a. foreign currency, shall
rights of all existing beneficiaries who were nationals. In any event a trustee shall report any
be valued at the dollar value if dollar market value existed therefor; if not, the foreign currency
reportable interest of 6 beneficiary under a trust on Series A or B, as appropriste, with a close
relae thereof shall be converted into dollars, in accordance with the instructions relating to
reference to the report for the trust IID Series B, when such a report is required. A description
exchange rates given in Section XIII of this Circular. Enter in Column (b) the total value of
of the rights of the beneficiary, similar to that required on reports for trusts, should in any Name
items of each type of property reported as being held on June 1, 1940. The June 14, 1941.
be given on the report for the beneficiary. None of the asseta of the trust should be entend on
the calue shall he used in both Column (a) and Column (b), In other words, if the salho number
the report for the beneficiary but the total amount of such assets should be given with the
smil units of a particular kind of property was held on both June 14, 1941, and June 1, 1040, enter
description of the beneficiary's rights. If more than one national was a beneficiary, a separate
of same amount in Column (b) as in Column (a). If the number of units of A kind of property
report must be made for each.
the June 1, 1940, was different from the number held on June 14, 1941, likewise take the name
Similar principles should be applied with respect to partnerships in which a national is a
held unit on value in Column (b) as is used in Column (a). In any case when property was held busin only
partner of any sort.
per June 1, 1940, none of is being held on June 14, 1941, the value should be reported on the of
Trustees of business trusts in which the interesta of beneficiaries nro represented by financial
on the value on June 14, 1941, unless such value is not determinable, in which event the value
securities need report the property of the trust only when the trust ie itself 5 national, but the
such of property on June 1, 1940, should be entered in Column (b). In the latter event an sp-
interesta of beneficiaries of euch a trust who are nationale shall in any event be reported 100.
propriate notation should be made that the June 1, 1940, value Will dollar. used.
Series C.
All values should be given in dollars. Do not enter fractions of a
3. Answers required.-Each question must be answered and all of the apecific information
If, and machinery and equipment, or either, between December 31, 1940, and July 1,
however, in the regular course of its businem, the national prepared inventories of 1041, met-
called for must be given. When there is nothing to report under any question or if information
in locking, state "no," "none," or "unknown," an the case may be, with an explanation if Ptr
chaniliso, between December 31, 1939, and July 1, 1940, or during either of the foregoing periods, other
quired, except that in Part C spaces not needed for reporting should be left blank, No person
and if the information required to be furnished in Part C, Schedule I, is not available indicated from thereon
is oxeused from furnishing information be reasonably should have. All information required
and misting records of the national, such preparal inventories and the values
must be given in the manner prescribed by the Series and by this Circular, and ao far as possible,
may be used in Part C, Schedule 1, with appropriate notation of much use.
in the spaces provided on the Serios. The filing of a balance short or similar statement may
not be substituted for a report on the Serios itself,
In respect or June 14, 1941, and in transit (It) either day, (a) a untional reporting contract right or
to goods delivered to & common carrier or other carrier for hire, on or for print itant to
4. Nationality of person concerning whose properly repurt is being made-Enter in this space
June 1, 1940, the goods if title therein had then been acquired, and if not, its had received such
the name of each country of which the person whose property is being reported is & national, M
other national for the national's accurint, or had forwarded such goods shall report such
shall report interest in the goods, (b) all persons (other than carriers for him) who to or for the
defined in Section SE of Executive Order No. 8389, as amended. Reports for estates and trusta,
other than business trusts in which the interesta of the beneficiaries were represented by financial
guoda from of a a national, or to whom such goods had been consigned for a national hire baving temporary
securities, shall state the country or countries of which the trust itself is a national, if it is 1
account (c) common carriera and other earriers for and June
national, and shall then state the country or countries of which each beneficiary of the trust is
goods or of interest the therein, solely for transportation and actually engaged on June of such 1. 1940, gonds. Goods
a national, (Soe Instruction 2.)
5. Part 4-1n addition to the other information required, state the business of the national
held 14, 1941, by a respectively, carrier in & warehouse, or otherwise stored under ile control,
custody goods in transporting the same, need make no report must be reported by the
and the country, state, distriet, territory, or possession under the laws of which is is incorporated,
carrier. goods who are not themselves nationals need merchandise not report contracts milled
or if unincorporated, in which it has its principal place of business. If the national in no indi-
vidual doing business under & trado name, give that name in addition to the actual name of the
national
with orders Such orders, given M well as such contracts, must be reported of the by indebtedness of the na-
Producers received from and sellers or of to a national, but they must report long-term nationals thementre.
0. Part B.-
8. Part O-Schedule United States, within each indebtedness type se indebiedness
nationals. II-This Schedule requires & statement classified and
(4) General.-11 this report is being made by the national for itself, this Part need not be
tional payable to Schedule. persons in State the under each type number only the abould total enter amount all of their indented-
filled out further than to insort the name of the national on the line provided for the name of
the person reporting. If the national is a partnership, corporation, or other entity, the report
described of in the Nationals reporting for themselves the indebtedness
will be deemed to have boun made by the national for itaelf when it is executed in accordance
nesa each of type each being type. reported. Persons reporting concerning nationals in should dollars. enter Do only not entir frantions of
with Instruction 11 (b).
owed by Indebtedness the national to payable them. in All a calves foreign should currency be given should be in converted Section XIII into of dollars this Circular. in no-
(b) Name-II the person reporting is an individual doing business under a trade name,
give both the actual tiamin and the trade name.
dollar. ordance with the instructions relating to to & exchange national rates is dons given the national own him an unsecured
(e) Nationality.-11 the person reporting is a national as defined in Section 5E of Execu-
debt Note that a person whose sole relation Form TFR-300.
tive Order No. 9389, as amended, state the name of each country of which it is a national.
need not file any report for itself whatever must on file a financial statement (consisting, for each wherever of its fiscal possible, years
7. Part C-Schedule 1-This Schedule requires the valuation of all the property of the no-
tional within each property type contained in the classification set out in Part in of this Circular,
of balance A national sheet, reporting profit-and-loss statement, and surplus respectively. recomilisations) if such statements have been
which must be followed strictly, but property not falling under any of the other types of the
ending prepared nearest by or be for June the national 14. 1941, in and the June course 1, of 1940, its Insine A person reporting concerning A
classification must be reposted under type 30. No property shall be reported under type 30,
Class J, if is constitutes property repurtable as any other type in any other class.
14
15
national shall file financial statements of the national if such statements have been received.
12 Afidavit.-
The filing of puch statements may put he substituted fur a report on the Series staelf bus is mady
(ii) Necessity and manner of execution-The report. will not be accepted unless DL is properly
in addition thereto, (Compare Instruction 3.)
signed and sworn (affirmed) to before an officer authorised to administer oatha, whom real must
9. Part (-Schedule III.-List in this Schedule, in the order in which the property types
be affixed The affidavit need be attested only on the original of the report, but the affidavite
are given in Schedule I of this Part, each item of property of the value of $1,000 or more either
on ropies must be fully conformed except as to the notarial with
on June 1, 1940, or on June 14, 1941, or both, concerning which report is being made Property
(b) Who shall execute.-Affidavita in behalf of partnerships shall be executed by & partner.
items included in Claim F, i. 64 patents, trade-marks, copyrighte, and franchises, and in Class EI,
Affilavite in behalf of any organization shall be executed by the president, vice president, secre-
i. - partnership and profit-sharing agreements, shall be listed even though valued at loss than
tary, or some other principal officer authorized to make the report on behalf of the organization.
$1,000. However, no reference whatever should be made to any invention with respect to
which a secrecy order has been issued by the Commissioner of Patents pursuant to the Act of
SECTION VI-INSTRUCTIONS FOR SERIES C
October 6, 1917 (40 Stat. 394), as amended. Also list all items of property, the value of which in
not readily determinable. A property item is any unit of property commonly bought, sold,
General. 1. Reading instructions.-Read these instructions in full before beginning to prepare Series
unigned, released, or alienated, except that the total of wholly similar units of the estrie kind in
C. If you have not also read carefully Sections I, Il, and Ill of this Circular, do no before
regarded as one item, anch as a number of certificates each for shares of stock of the same lesse,
or a number of separate bonds of the same issue, or several head of cattle. The total number of
reading these instructions. File all reports in quadruplicate.
certificates or instruments, if available, shall be stated with regard to financial accurities and
2. Scopt of Series 0-
(a) Subdivision of Series.-This Series is to be used by organizations, including partner- United
appropriato designation shall be made for other unite of property, but in other respecta the
property any he treated entirely as one item. Several bank accounts with the same institution,
ships, States or State, territory, or district of the United States, or having their principal which place A
trusts, associations, and corporations, organized or existing under the laws of the of
OF several debts payable by the same debtor, shall be itemized separately in this Schedule if
business in any the United States, only to report financial accuritive issued by them in nut-
the aggregate amount thereof excessis $1,000, even though each individual item is less than
national had an interest on either or both June I, 1940, and June 14, 1941. Securities into two
$1,000, Inventories of non-identical items commonly making up one group should not be n-
ported as one item, Except as provided in this paragraph, property items of a lesser value than
standing Serios C-1 is to be used to report information concerning each issue of securities of en issue
on one date but not on the other must be reported. The Serve pe divided in general;
$1,000 should not be listed specifically in this Schedule, although the value of each must be
Series in Series C-1. A separate ant of reports in quadruplicate (VD) Suries C-1 TFK-300,
parts: C-2 is to be used to report the interests of particular nationale in accurities and Serior
included in the total value of property of each type in Schedule I.
Enter in Column (a) the number of the property type in which the item in included. Enter
described C-2 must be rendered for each issue of ancurities. For the scope of all Series of Form
in Column (b) a short description or identification of the property item. In case of property,
such as a patent, commonly referred to by number or other similar designation, state briefly
see o under Section II of this Circular.
Instruction to be reported.-Report on this Series financial securities as securities, defined in Class Bearer B
the object or nature of the property in addition to the number or other designation. With regard
to property other than debta and claims, enter in Column (c) the name and address of the person
of Section be reported when the organization reporting has any reason to for remittance of a
(b) Property III of this Circular and unpaid interest and dividends on work indieve that
with whom the property was deposited or by whom it was held, and give the number or other
securities must an interest in them, BA through a mailing address for dividends or the partnership
designation of any salo deposit box or similar receptacle in which the property was kept. With
national had not to be used to report the interest of partners under financial securities.
regard to delits to and claims by the national, state the name and address of the debtor. If the
property is held by or owed by the person reporting, it will suffice to state "Person reporting"
interest. contract, or This obligations Series se of other business enterprises which do not constitute
in place of the name and address. Enter in Columns (d) and (e) the value of each property Item
Instructions Series C-1.
on June 14, 1941, and June 1, 1940, as determined in accordance with the instructions for value-
for provided under Part A, the organization reporting which it should is eitizen state
tion given above for Schedule 1.
Additional sheets identical in form with Schedule III are provided for the use of persona
or under the laws of and which (e) if it the is organization reporting is & national, of as which defined it in is a national.
(a) name; (b) incorporated, or if unincorporated, Section AR
its 3. Part A.-In its the address; space (c) its business; (d) the state or country in which of it has its principal a
reporting who find the space in Schedule III insufficient,
10. Part D.-All the information called for in the questions under this part must be given as
place of business; No. 8389, as amended, the name of each country impression, including
of both June 1, 1940, and June 14, 1941, for each of the property items listed in Part C, Schedule
The of Executive information Order may be given by any method producing A readily legible
III. If a property item was held on only one date, give the information as of that date
B rubber stamp.
In the answers each item of property shall be designated by the number of its type and by its
4. 8-10 answering this question, state:
description in Part C, Schedule III.
(a) Part In B-Question of the full designation of the class of stock, and, if not included and whether therein,
11. Part E-
the the rate case of dividends, stock, if fixed, and whether cumulative or noncumulative,
(a) Trudess-Trustees and other representatives of trusts and estates should answer the
questions in this Part only with respect to the trusta or estates and not with respect to the
(b) In convertible; full designation of the issue, and, if not included serially, therein, A brief
trustees or representatives themselves in their individual capacities. Questions 8 through 16
the case of interest funded debt, and the the date of maturity, and if the for debt example, matures "maturing serially
trol of a business,
need be answered only by those trustees who have employed trust asseta in a business or in con-
indication the rate of should be given of the serial maturities,
(b) Question 11-For the purposes of this report, an "affiliate" of & specified person is a
(c) Part In the case of any 6.-For the purposes of this report, intermediaries, an "affiliate" of controls, a specified or is person under
from other security, an analogous designation.
1930 to 1941"; and
person that directly, or indirectly through one or more intermediarios, controls, or is under
common control with, a person specified. A "aubsidiary" of a specified person is a person
controlled by such person directly, or indirectly through one or more intermediaties.
is a person 5. that B-Question directly, or indirectly through one "subsidiary" or more of o specified person is a person
common controlled control by such with, person is person directly, specified. or indirectly A through one or more intermediaries.
Regraded Unclassified
16
17
A. Part II-Question 7-State the market price of the opening of business on June 14, 1941,
11. Part B.-In the space provided under this part, enter precisely the name information
or if such price in not available, at the last sile price or bid, if reasonably climm la June 14, 1041,
prin under Part A of Series 0-1 in compliance with Instruction 3.
clearly indicating the date and the nature of the value used. If there is no market for the security,
12. Part C-Enter without any change whatever the information givin under questions
elete the estimated or book value and indicate which is being used, If the book value on June 14,
1, 2, and 7 of Part B of Series C-1, rie., (a) type of security, (b) full title of the issue, (c) market
1941, cannot be readily ascertained from the records of the organization reporting, the value
price or estimated value as of June 14, 1941.
shown in a statement, audit, or report made between December 31, 1040, and June 14, 1941, may
13. Part D.-
be used, but when no such statement, audit, or report is available the book or estimated value on
(a) Column (a).-Enter in this Column the exact name or names in which the securities were
June 14, 1941, must be used, If the value used is based on such a statement, audit, or report, -
held, " appear on the records of the organization issuing securities except that no entry need be
indicate and state the date thereof. The value should be given in dollars. Do not disregard
made if the securities were held in exactly the same name as given in Part A. List separately
centa. Securities, the value of which was expressed in & foreign currency, or which were to he
each different designation under which securities in which the national had an interest were
paid or liquidated in a foreign currency, shall be valued at the dollar value if dollar market value
carried.
existed therefor: If not, the foreign currency value thereof shall be converted into dollars, in
(b) Column (c),-Use without any change whatever the unit prior or value stated under
accordance with the instructions relating to exchange rates given in Section XIII of this Circular,
question 7 of Part B of Series C-1, The principles given in the second paragraph of Instruction
7. Part C-This Part requires 6 summary of the information furnished on Series C-2,
7 are applicable to this Column.
Duplication should be avoided, is en units of & security issue included on more than one report
(e) Column (d).-In case stock or 6 similar security is reported, enter in this Column any
on that Serios (Compare Instruction D under Section 11 of this Circular) should be taken into
amount due and owing to the national by reason of any dividend declared to atockholders of
account only once under this question, except when nationale of different countries are interested
record on or prior to either June 1, 1940 (or alternative date), or June 14, 1941. Do not include
in the same unite of a security issue. If a person interested in securities was a national of more
B dividend for which a check had been mailed in the regular courso of business, unless the check
than one foreign country, report the securities only with respect to the country of which he
had been returned undelivered, in which event the dividend must be included. In case funded
was à national because of citizenship, or when he had no nationality through citizenship, only
debt or a similar obligation in reported, enter the amount of interest due and payable unless the
with respect to the country with which his relationships determinative of nationality were
security was in default.
most extensive,
14. Part D-Altematice data.Instruction 8 is applicable to this portion of the Series.
Enter in Column (n) (1) the total value of items held on June 14, 1941, at the price or value
15. Part E-All the information called for in the questions under this Part must be given
stated under question 7 in Part n. Enter in Column (c) (2) the total value of the items reported
as of both June 1, 1940, and June 14, 1941, for each of the items listed in Part D. If & property
as being held on June 1, 1940. The entries in Column (e) (2) should, however, represent values
item WAS held on only one date, give the information as of that date. When the reporting
of such items un the same basis as was used in Column (c) (1), that in, the price or value stated in
organization has no knowledge regarding the matters required under any heading, it must BO
Question 7 should be applied to the items reported all being held on June 1, 1940. Thus, where
indicate clearly, but no person reporting is excused from furnishing required information its it
the same items are reported for both dates, enter the same amount in Column (e) (2) asin Column
reasonably should have. In the answers, each security or certificate shall be designated by
(c) (1), Disropard Tractions of a dollar in the totale, but not in the price or value used in com-
line number in Part D and by the name in which is was held.
putation.
SECTION VII-INSTRUCTIONS FOR SERIES D
S. Part C-Alternatice data-It desired, the organization reporting may give the security
holdings of nationals, but net the value of those boldings, se of the pearent date before June I,
If you have not also read carefully Sections I and II of this Circular, do ao before reading
1. Reading instructions.-Read these instructions in full before beginning to prepare Series these D.
1940, on which a record was established of the holders of securities of the issue, provided, how-
ever, that such date shall not be prior to December 31, 1939. In such case, state the date in
instructions. File all reports in quadruplicate.
the space provided under Part C.
2. of Series D.-This Serior in to be used by banke and safe deposit companies, has accoss only to to
9. Affilarit.-
(a) Series covered.-The affidavit provided on Series C-1 covers Series C-2 as well. Only
and report deposit of the contents of any such box, other appropriate Series shall be Instruction C
safe Scope boxes. In any case where 8. bank or safe deposit company used for reporting
ODII affidavit need be exocuted by any reporting organization for each issue of securities regard-
property knowledge contained thorein. For the scope of all Series of Form TFR-300, see
less of the number of persons with respect to whose interests in securities of that issue reports
under Part II of this Circular.
are being made on Series 0-2 The affidavit need be attested only on the original of the report,
3. Definitions.-For purposes of this Series, the term-
but the affidavite on the copies must be fully conformed, except as to the notarial seal. The
(a) "bank" branch or office within the United States of any national organized banking under
reports submitted on Series C-2 shall be numbered consecutively and the numbers shall Tax
stated in the affidavit.
association, laws of the United States, or of any state, territory, of district, banking subject to
shall mean bank, any private banker, trust company, or savings bank, or possession
(b) Necessity and manner of erecution-The report will not be accepted unless it is properly
the thereof, banking or authorized under such laws to conduct the business
signed and sworn (affirmed) to before en officer authorized to administer oaths, whose seal must
be affixed.
(b) "safe supervision and examination shall pursuant any branch to such or laws; office within the United entity, States authorized of any
(e) Who shall ezrende.-Affdavita in behalf of partnerships shall be executed by a partner,
Affidavita in behalf of other organizations shall be executed by the president, vice president, seo-
individual, partnership, United States or of any state, territory, district deposit or boxes;
deposit company" corporation, mean association, or other business possession
relary, OF some other principal officer authorized to make the report on behalf of the organization.
under the to laws of the in a regular business of leasing or licensing metals safe and jewela,
Instructions for Series 0-0,
and the engaged in buying or selling property agenta shall is include
thereof, term engage shall not include stock brokers, dealers in precious as or otherwise, who or
10. Nationality of person concerning whose security interests report is being mode-Enter in
this space the name of each country of which the person whose security interesta are being re-
any other afford persons safe keeping facilities to their principals of and customers, not
ported is a national, as defined in Section 5E of Executive Order No. 8380, M amended.
hotels may or innkeepers affording safe keeping facilities;
19
18
(e) "safe deposit has" dialt include vaults and any other receptacles for the ente herping of
company, or savings bank, organized under the banking laws of the United States, or of any
property customarily employed by safe deposit companies, but shall not include ware
gale, Lambry, district, or possession therent, or authorized under nuch laws in conduct the
houses or storehouses.
business of banking subject Lar supervision and examination pursuant to such laws.
4. Nationality of person concerning property report is being made.-Enter in this space
4. Nationality of person concerning whose property report is being made.-Enter in this space
the name of each country of which the person whose property is being reported is a national,
the name of each country of which the person whose property is being reported in a national, M
defined in Section &E of Executive Order No. 8389, as amended. Compare the second para-
defined in Section AE of Executive Order No. 8389, All amended.
5. Part B.-1n the space provided under Part B, the person reporting should state (a) ita
as graph of Instruction 13 following, with regard to separation of reports for different nationals
name; (b) its address; (a) its business; (d) the state or country of which it in & citizen or under
having an interest in the same property.
5. Part B.-In the space provided under Part B, the person reporting should state (a) its
the laws of which it is incorporated, or if unincorporated, in which it has its principal place of
(b) its address; (c) its business: (d) the state or country of which it is 6 citizen or under the
business; and (e) if the person reporting is a national as defined in Section 6E of Executive Order
name; laws of which it is incorporated or, if unineorporated, in which it has its principal place of busi-
No. 5389, as amended, the name of each country of which it is a national. The information may
and (e) if the person reporting in A national as defined in Section 5R of Executive Order
he given by any method producing a readily legible impression, including a rubber stamp.
pres: No. 8389, as amended, the name of each country of which it is a national. The information
fl. Part 0,-In listing safe deposit boses in which a person other than the one with respect
may be given by any method producing B readily legible impression, including & rubber stamp.
to whose property report is being made has an intenst, the person reporting should not lose sight
6. Part C-Schedule I.-This Schodule requires statement of the amount of the property of
of the requirement that a separate report must be made for each national having any interest
in any particular property, (Instruction D, Sention II of this circular.) If the national for
cordance with proporty types in Section III of this Circular, which must be followed numbers strictly.
the national in each property type being reported. Types 1, 2, 4, 5, and 6 are classified in no-
whom report in being made bad an interest only in a safe deposit box or boxes reportable solely
in are subdivision of this Part, write "none" or "unknown", as may be appropriate, in the other
The Section III of the Circular. Type 3 does not correspond to any one type in Section III, relues
numbers in parentheses after the property types in this Part escrespond to the type but
athdivision.
in includes kind of property whatever received for collection by the reporting bank. which All
7. Part D-All the information called for in the questions under this Part must be given na
should be any given in dollars. Do not enter fractions of a dollar. Property, the value of instructions was
of both June 1, 1940, and June 14, 1941, for each of the safe deposit boxes listed in Part C. If a
expressed in is foreign currency, shall be converted into dollars in accordance with detailed the instruc-
Los in listed as of only ouo date, give the information as of that date. When the person N-
relating to exchange rates given in Section XIII of this Circular. The following
porting bas no knowledge evgarding the matters required under any heading, it must 60 indi-
tiens should be observed:
cate clearly, but DO person reporting is excused from furnishing required information it reasonably
(a) accounts of the national. The amount of items received for collection for be included
Property types I and $-Deporita.-Under these types give the total balance the account of the of
should have. In the answers, each safe deposit box shall be designated by the number of the
subdivision and its line number in Part C and by the name in which it was carried if the name
credit national and credited to his account, whether provisionally of finally, should but the
differs from that of the national of whose property report is being made.
the these Include also sight or cash items in process of collection for deposit, be reported
8. Part E-11 the unswer to any of the questions in this part is unknown or is negative, NI
under amount of any types. other kinds of items received for collection and not credited should
state, but no person reporting is excused from furnishing required information it reasonably
under
should have
of proporty for credit to his account and not credited on either or both June the 1, national or to
(b) Property whatever, type other than sight or cash items in process of collection for deposit, 1940, and June
type 3. 3-Oullection items-Under this type give the total amounts of any deposited items
D.
(a) Number of afidavits.-Only one affidavit, on the form supplied with this Series, need
be executed by any person reporting, regardless of the number of persons concerning whom
by the national and items of property received for collection and remittance June to 1040, and June 14,
properly reports are being made The affidavit need be attested only with respect to the
his 14, 1941, any remittance had not been made en either or both collection 1, must report
original not of reports, but the affidavit with respect to each set of copies must be fully con-
formed, except as to the notarial seal. The reporte submitted shall be numbered consecutively
1941. The need report. If the information as of June the Column lim
order for bank which within the United States initially receiving an items for 1, 1040, is not readily
and the numbers shall be stated in the affidavit.
available, the item; its it may sub-agents be omitted, not with appropriate indication of the fact under
(b) Necessity and manner of ezecution -The report will not be accepted unless it is properly
that
signed and sworn (affirmed) to before an officer authorized to administer onths, whose seal must
(c) Property type other 4-Cashier's official bank checks, and all certified checks, both 1941. BA Include cashier's or
date. and certified checks.-Under this type give hereinafter the total described, amount
be affixed.
(c) Who shall careule.-Affidavits in behalf of partnerships shall be executed by n. partner.
of all cashier's, or both June 1, 1940, and June 14, when appropriate
Affidavite in behalf of an organization shall be executed by the president, vice president, secretary,
which other official were outstanding bank checks on of either the reporting or bank purchased by the certified national checks, and, include chocks on
or some other principal officer authorized to make the report on behalf of the organization.
records are available, such and, checks when appropriate to records am available, checks by the reporting to bank. If
issued his order. As to payable the order
SECTION VIII-INSTRUCTIONS FOR SERIES E
of the national's account, an account with the reporting bank, certified available, it may be omitted
1. Reading indructions.-Bead these instructions in full before beginning to prepare Series
the of national information from called for na of June 1, 1940, is not readily that date.
E. If you have not also read carefully Sections I, II, and III of this Circular, do so before reading
any with appropriate the indication of the deceptances.-Under fact under the Column this type for give the total amount outstanding of all drafts -
these instructions. File all reports in quadruplicate.
2. Scope of Series E-This Series in to be used by banks only to report deposit accounts,
screpted (d) Property by the reporting type 5-Bank bank drawn by or payable Include to the drafts national drawn which and wire accepted under or
collection items, cashier's and certified checks, bank acceptances, and letters of credit. For the
of either or both June 1, 1940, and June credit. 14, 1941. If the information called for an of under June the 1, Column 1940, is
scope of all Serion of Form TFR-300, seo instruction C under Section II of this Circular.
3. Definition-Por the purposes of this Series, the term "bank" shall mean any branch or
not pursuant readily to available, the terms it of may any be letter amitted, of with appropriate indication of the fact
allico within the United States of any national banking amociation, bank, private banker, trust
for that date.
20
21
(e) Property type of credit - Under this type give the total unexpended or united
by 140 type number and line number in Part C and by the name in which it was carried if the
and then available amount of all letters of credit, whether or not prepaid, including travelors'
ganie differs from Wast of the national
checks, outstanding on either or both June 1, 1940, and June 14, 1941, under which the national
In preparing this Part, the bank reporting should not loss night of the requirement that
had any rights, contingent or absolute, to receive any payments in any amount pursuant to the
separate report must be made for each national having any interest in any particular prop-
terms of the letter of credit or in reimbursement for any unused portion thereof. In determining
a crty (Instruction D, Section II, of this Circular). Such a report is additional to and does
the unexpended ur unused available amount of a letter of credit deduct from the face amount
not excuse the giving of the information called for in this Part. If the bank knows or has
thereof or from the upper limit of credit, if greater than the face amount thereof, the amount of
Name to believe that any national other than the person in whose name a deposit account or
any drafts drawn and accepted thereunder, whether pr not paid. No deduction or other adjust-
other property was carried had any interest in or claim to the account or other property, a
ment should be made for any cash or other collateral or for any contingent liability under the
report must be filed for that national if his identity is known or can be ascertained in the imme-
letter of credit PB the part of the person at when request the credit was opened. Cash collateral
diate esercise of reasonable diligence, regardless of whether a report is required for the person
should be reported under deposits. Other collateral should be reported on Series I' if it consists
in whose name the account or property WM carried.
solely of financial securities, but if not, on either Series A or B, Be appropriate.
14. Part E-11 the answer to any of the questions in this Part is unknown or is negative,
If the information called for as of June 1, 1940, is not readily available, it may be omitted,
so state, but no person reporting is excused from furnishing required information it reasonably
with appropriate indication of the fant under the Column for that date.
should have. With respect to Question 4, ned Instruction 12.
7. Part (-Scheitule II-(1) Demand deporits.-Itemiso in this portion of the Schedule
15. Afilarit-
the deposits totalled under property type 1 in Schedule 1. (See instruction 6 (a).) If an account
(a) Number of afidavits.-Only one affidevit, on the form supplied with this Series, pood
way opened before January 1, 1935, enter in the appropriate space, 'Prior to 1/1/35." Debit BOX
be Accepted by any person reporting, regardless of the number of persons emoorning whose
counte should be listed under Question 5 in Part E.
property reports are being made. The affidavit need be stiested only with respect to the original
8. Part C-Sehedule II-(2) Time of savings deposits.-Itemise in this portion of the
set of reports, but the affidavit with respect to each set of copies must be fully conformed, except
Schedule the deposite totalled under property type 2 in Schedule I. (See instruction () (a).)
as to the notarial real. The reporte submitted shall be numbered consecutively and the numbers
If an account was opened before January 1, 1935, enter in the appropriate space, "Prior to
shall be stated in the affidavit,
1/1/25." Debit accounta should be listed under Question 5 in Part E.
(h) Necessity and manner of erreution.-The report will pot le accepted unless is is properly
9. Part C-Schedule II-(I) Collection items-Diemize in this portion of the Schedule the
signed and sworn (affirmed) to before so officer authorized to administer oaths, whose seal must
unentlocted items totalled under property type 3 in Schodule 1. (See instruction 6 (b).) In the
be affixed.
column "Description of item," give a description of each item sufficient to insure its ready
(e) Who shall ezzeuté.-Affidavits in behalf of partnerships shell be executed by A partner.
identification.
Affidavite in behalf of an organization shall be executed by the president, vice president, sicre-
10. Part C-Schedule II-(4) Cashier's and certified checks.-Itemize in this portion of the
tary, or agene other principal efficer authorized to make the report on behalf of the organization.
Schedule the checks totalled under property type 4 in Schedule L (See instruction 6 (c).)
SECTION IX-INSTRUCTIONS FOR SERIES F
11. Part 0-Schedule II-(5) Bank acceptimes.-Itemise in this portion of the Schedule the
acceptances totalled under property type 5 in Schedule I. (See instruction 6 (d).) If an
accepted draft was drawn under a letter of credit, identify the letter of credit in the space pro-
F. If you have not also read carefully Sections 1, IT, and III of this Circular, do so before reading
1. Reading Instructions.-Read these instructions in full before beginning to prepare Series
vided for description of the acceptance.
them instructions. File all reports in quadruplinate.
12. Part C-Schedule II-(6) Letters of credit-Itemise in this portion of the Schedule the
defined Scope in Section III of this Circular, in their custody or held by them as collateral. Circular.
2. of Series F.-This Serior is to be used by banks, only to report financial accurities, For
letters of credit totalled under property type 6 in Schedule I. (See instruction 6 (e).) In the
column "Description of item," state (a) the type of the letter of credit, as for example whether
as the of all Series of Form TFR-300. seit instruction C under Section IT of this
"confirmed" or "unconfirmed," revocable or irrevocable, or revolving (cumulative or noncume-
scope Reports by a bank an trustee or other representativo of a trust of estate shall in no case be
lative); (b) the ferms of payment, as for example "at eight" or "acceptance, thirty, sixty, and
made on this Series. (See Instruction 2 of Secúon V of this Circular)
ninety days"; (c) the person who could draw under the letter of credit; (d) the person at whose
3. Definitions.-For shall mean purposes any branch or within the United States of any under national the
the of this Series, the term-
request the letter of crulit was opened, (i. 4, the settler, purchaser, etc.); and (e) any other rele-
vant terms or conditions of the letter of endit. The information should be given in the order
banking association, Inwn of the United States, or of any state, territory, district, or possession and exam-
(a) "Bank" bank, private banker, trust company, or savings bank, organizal thereof, or
specified.
If the national concerning whom report is being made was liable to the reporting bank for
banking authorized under such laws to conduct the business of banking subject to supervision
any drafts which thereafter might be drawn by the national and accepted under the unused
inntion to
portion of the letter of credit, enter under the caption "Contingent liability of national under
purmant such shall laws. include customer's securities accounts, security depot and or the deposit an-
letters of credit" the PICPM of the total "unused balance", as stated in this portion of the Schedule
(b) "Custody" accounts, nafe deposit boxes to which the bank bas in which accord a bank holds
over the total unused prepayment, if any, for the letter of credit. Liability of the national for
accounts, tents of which safe-keeping are known to the bank, and any other form of eustody
acceptances actually outstanding and for the unused portion of letters of credit not required to
securities jointly with others.
be reported in this Schedule should be included under Question 4 in Part E.
13. Part D-All the information called for in the questions under this Part must be given
defined country Onler No. 5389, M amended. different nationals
the name 4. Nationality of each of person of which the person whose property in being Compare the a necond para-
na agent, either alone concerning or whose property report is bring mode.-Enter reported is in national, this space na
as of both June 1, 1940, and June 14, 1941, for each of the property items listed in Part C. If &
property item who held on only nhe date, give the information as of that date, Interests addi-
graph of in Instruction Section AE 8 of following, Executive with regard to separation of reports for
tional to those of the national which are clearly revealed in Part e need not be again described.
having
If the person reporting has no knowledge regarding the matters required under any heading,
an interest in the name property. under Part B, the person reporting should citizen state (a) under its
it must so indicate clearly, but no person reporting is excused from furnishing required infor-
name; 5. (b) Part its (i.-In address: the (c) space its business; provided (d) the state or country of which it is a or
mation it resenuably should have. In the answers, each property item shall be designated
22
23
the Town of which it in Incorporated, or if unincorporated, in which It has its principal place of
8. Part D.-All the information called for in the quentions under this Part must be given AS
business; and (w) if the person reporting is a national as defined in Section 8E of Executive
Order No. 8389, as amended, the name of each country of which it is 6. national. The informa-
of both June 1, 1040, and June 14, 1941, for all of the accurities listed in Part C, Schedule 11.
tim may be given by any method producing & readily logible impression, including a rubber
If a property item WM hold on only OBM date, give the information M of that date. When
the persiná reporting has no knowledge regarding the matters required under any heading, it
stamp.
6. Part 0.-Schedule /-This Schodule requires the valuation of the property in each type
must en indicate clearly, but DO person reporting is excused from furnishing required informs-
being reported, as classified in Classes A and B of Section III of this Circular, which must be
tion is reasonably should have. In the answers, each security shall be designated by its type
followed strictly. The numbers in parentheses after the property types in Schedule I correspond
number and description in Schedule II.
to the type numbers in Classes A and B of Section III.
In preparing this Part, the bank reporting should not lose sight of the requirement that a
Enter in Colomn (a) the total valor of the items of each type of property held 00 June 14,
separate report must be made for each national having any interest in any particular property.
1041, et the market price at the opening of business on June 14, 1941, or if such price in not
(Instruction D, Section II, of this Circular.) Such & report is additional to and dons not excuse
available, at the estimated value on that date, In estimating value, the last nale price or bad, if
the giving of the information called for in this Part. If the bank knows or has reason to believe
reasonably close to June 14, 1941, may be used no a basis. Property, the value of which Was
that any national other than the person in whose name & security account was maintained
had any interest in or claim to the securities in the account, A report must be filed for that
expressed in a foreign currency, or which Wish to be paid or liquidated in a foreign currency, shell
national if his identity is known or can be ascertained in the immediate exercise of reasonable
be valued nt the dollar value if dollar market value existed therefor; if not, the foreign currency
value thereof shall be converted into dollars, in accordance with the instructions relating to
diligence, regardless of whether a report is required for the person in whose name the account
was held. When the interest or claim of such an additional national was clearly confined to some
exchange rates given in Section XIII of this Circular, Enter in Column (b) the total value of
the items of each type of property reported as being beld on June 1, 1940. The June 14, 1041,
particular portion of the securities contained in the account, a report is necessary only as to that
unit value shall be used in both Column (a) and Column (b). In other words, if the same number
portion, but otherwise the report must include all securities in the account. If any securities held
of units of a particular kind of property WIM held on both June 14, 1941, and June 1, 1940, enter
a report must be made of the securities for that national, and if the person primarily liable to
by the bank ns collateral were pledged under a hypothecation agreement executed by a national,
the same in Column (b) as in Column (n). If the number of units of a kind of property
the bank is also a national, another report of the securities must be filed for him,
bold nn June 1, 1940, WM difforent from the number held on June 14, 1941, likewise Time the same
9. Part E-11 the answer to any of the questions in this part in unknown or is negative
por unit value in Column (b) as is used in Column (a). In any case where property was held
so state, but no person reporting is excused from reporting what is reasonably abould know.
only on June 1, 1940, nome of it being held on June 14, 1941, the value should be reported on
the basis of the value on June 14, 1041, unless such value in not determinable, in which event
10. Affulavit.-
the value of such property on June 1, 1940, should be entered in Column (b). In the latter
(a) Number of affidarite.-Only one affidavit, on the form supplied with this Serios, need be
event an appropriate notation should be made that the June 1, 1940, value was used,
executed by any person reporting, regardless of the number of persons overeming whose prop-
All salues should & given in dollars. Do not enter fractions of a dollar.
If the accurities held in a custody or collateral account on June 1, 1940, cannot be accer-
set arty of reports but the affidavit with respect to each set of copies must be fully conformed, shall except be
are being made. The affidavit need be actested only with respect to the original
tained with reasonable facility the records of the bank, the securities, but not the values
M to the reports, notarial real. The reports shall be numbered consenutively and the numbers
thereof, shown in the latest statement, audit, or reconcilement, if any, of the account made between
stated in the affidavit.
December 31, 1930, and June 1, 1940, may be used in the Schedule, If values given in Cid-
(6) Necessity and manner of erseution.-The report will not be nocepted unless whise is is soal properly must
unin (b) of the Schedule are based on a statement, audit, or reconcilement of 8. date other than
signed and sworn (affirmed) to before an officer authorized to administer oaths,
Juni 1, 1940, 80 indicate and state the date thereof in the upsen provided below the Schedule.
be affised.
7. Pari C-Schotale II-List in this Schedule, in the order in which the property types
Affidavits (c) in behalf of other organization shall be executed by the president, behalf of the
Who shall in behalf of partnerships shall be executed vice by 6. president, partner.
are given in Schedule I of this Part, each item of property of the value of $1,000 or more on
either June 1, 1940, or June 14, 1941, or both, concerning which this report is being made Also
secretary, or some other any principal officer authorized to make the report on
list all items of property the value of which is not readily determinable, A property item in
organization.
any unit of property commonly bought, sold, assigned, released, or alienated, except that the
SECTION X-INSTRUCTIONS FOR SERIES G
total of crentially similar units of the name kind is regarded as OBB item, such as a number
instructions-Read these instructions in full before beginning to propare do before Serins
of certificates each for abares of stock of the same issue, or & number of separate bonds of the
G. 1. If you Reading have not also read carefully Sections 1, 11, and III of this Cirenter, WI
same issue. In such a CARD, the total number of certificates, etc., shall be stated if fensible, lest
reading File all reports in guadruplicate.
otherwise the property may be treated entirely as one item. Except 6.0 provided in this para-
2. these instructions. Series G-Tbis serve shall be used by brokers, only to report held for credit customers, balances, as
graph, property items of a lesser value than $1,000 shall not be listed specifically in this Schedule,
type in Schedule I.
although the value of each must be included in determining the total value of property of each
accurities, such property and is commodities, defined in Section III of this Circular. For the scope
Scope of and securities and commodities contracts, of all Seried of Form
Enter in Column (a) the number of the property type in which the item is included. Enter
TFR-300, are Instruction 0 concerning under Section whose 11 property of this Circular. repurt is being made-Enter in a to national, this space as
in Column (b) a short description or identification of the proporty item. Enter in Column (c)
the name 1. Nationality of each country of person of which the person whose property amended. in being reported
and (d) the value of each property item on June 14, 1941, and June 1, 1940, as determined in
accordance with the instructions for valuation given for Schedule I above. If property items
defined in Sention BE of Executive provided Order under No. 8389, Part as B. the person reporting should is state: citizen (a) or
Schedule II, appropriate indication must be made.
appearing in any statement, audit, or reconcilement relied on under Schodule I are listed in
its name, (b) its address; incorporated if unincorporated, 5E of Exemi-
4. Part B.-In the space (c) its business; (d) the state or country in of which which it it has its a principal
log who find the space in Schedule II insufficient.
Additional shoets similar in form to Schedule Il are provided for the use of persons report-
under place of the lows of and which it if the is person reporting or, is a national's of defined which in it Section is A national. This
tive Order business; No. 8389, as (f) amended, the name of each country
25
24
information may be given by any method producing A readily legible Impression, imfoding a
is In such & case, the total number of certificates, etc., shall Ter dated If feasible, hot other-
rubber stamp.
** the property may be treated entirely - one Several Indunes payable to the
5. Part C.-Schedule I-This Schedule requires the valuation of the property of the national
any enstomer shall be Remixed exparately las this Schedule if the supple Cherred
in each property type being reported, na classified in Classes A, B, and D in Section III of this
acords $1,000, even though ench individual balance in less than $1,000, Except as provided
Circular, The numbers in parentheses after the property types in Part C, Schedule T, correspond
in the paragraph, property items of a lesser value than $1,000 shall not be listed specifically
to the type numbers in Section III.
in this Schedule, although the value of each must be included in determining the total value
Enter in Column (a) the total value of the items of each type of property held on June 14,
of property of each type in Schodules I and II.
1041, at the market price at the opening of business on June 14, 1941, or if such price is not stail.
Enter in Column (a) the number of the property type in which the Item in included. Enter
able, at the estimated value on that date. In estimating value, the last esle price or bid, if
in Column (b) a short description or identification of the property item. Enter in Columns
reasonably close to June 14, 1941, may be used as a basis, Property, the value of which Will
(c) and (d) the value of each property item on June 14, 1941, and June 1, 1940, as determined
expressed in a foreign currency, or which was to be paid or liquidated in a foreign currency,
in accordance with the instructions for valuation given for Schedule I above. If property items
shall be valued at the dollar value if dollar market value existed therefor; if not, the foreign
appraring in any statement, andit, or reconcilement relied on under Schedule I are listed in
currency value thereof shall be converted into dollars, in accordance with the instructions
Schedule II, appropriate indication must be made,
relating to exchange rates given in Section XIII of this Circular. The value of contracts in-
Additional sheete similar in form to Schedule III are provided for the sime of persons report-
eluded in type 9, nic., puts and calls and similar contracts, in type 10, riz., unissued securities
ing who find the space in Schedule III insufficient.
contracts, and in type 12, riz, options and futures in commodities, should represent the national's
8. Part C-Schedule /V.-Enter in this Schedule each item of indebtedness in excess of
equity in the contract, that in, it should be based upon the difference between the market price
$1,000 on either June 1, 1940, or June 14, 1041, or both, taken into account in Schedule Il of
of the property envered by the contract, on either date for which report in required, and the
this Part. Indebtedness items of a leaser amount than $1,000 shall not be Ested separately in
delivery price specified in the contract, without regard to any amounts actually paid for the
this sehedule, although the value of each must be included in determining the totals of indebied-
mintract. Enter in Column (b) the total value of the items of each type of property reported as
new types in Schedule IL
being hold on June 1, 1940. The June 14, 1941, unit value shall be used in both Column (a) and
Enter in Column (a) the type of indebindness in which the item in included. Enter in
Column (b). In other words, if the same number of units of B particular kind of property was
Column (b) a short description or identification of the indebtedness item, including whether the
held on both June 14, 1941, and June 1, 1940, enter the same amount in Column (b) as in Column
terms were time or demand. Enter in Columns (e) and (d) the amount of each indebtedness
(a), If the number of units of a kind of property hold on June 1, 1940, was different from the
item owed, as of June 14, 1941, and June 1, 1940.
number held on June 14, 1941, likewine tise the same per-unit value in Column (b) all in used in
All amounts should be given in dollars, Do not enter fractions of a dollar.
Column (a), In any case where property was held only on June 1, 1940, none of it being held
9. Part D.-All the information called for in the questions under this Part must be given
on June 14, 1941, the value should be reported on the basis of the values on June 14, 1941, unless
as of both June 1, 1940, and June 14, 1941, for each of the property items listed in Part C,
such value is not determinable, in which event the value of such property on June 1, 1040, should
Schedule III. If n. property item was held ou only one date, give the information ne of that
be entered in Column (b). In the latter event an appropriate notation should be made that the
date. When the person reporting has no knowledge regarding any of the matters required under
June I, 1940, value was used.
All rulves should be given in dollars. Do not enter fractions of a dollar.
required information it reasonably should have In the answers each item of property shall
any brading, is must so indicate clearly, but no person reporting is otensed from furnishing
No doduction shall be made for debit balances or other offsete or claims by the broker
be designated by its type number and description in Part C, Schedule III.
reporting, that is, if the national had two Accounts with the broker, one of which showed &
In preparing this Part, the broker reporting should not Jose sight of the requirement that A
credit balance and the other a debit balance, the full amount of the credit balance must las
separate report must be made for each national having any interest in any particular property. exculle
entend. Debit balances should be entered in Schedule II of this Part,
(Instruction D, Section 11, of this Circular.) Such a report is additional to and does not believe
If the securities or other property hold for a customer on June 1, 1940, cannot be ascertained
the giving of the information called for in this Part. If the broker knows of has reason maintained se had
from the records of the broker, the securities, but not the values thereof, shown in the latest
that national other than the person in whose name a security account WM national
statement, audit, or reconcilement, if any, of the account made between December 31, 1939,
any if his identity in or known or can be ascertained by the immediate exercise of reasonable was hold.
interest any in claim to the securities in the account, & report must be filed for that diligence,
and June I, 1940, may be used in the Schedule, In case of inactive accounts, audited no4
nure often than once in six months, the statement, audit, or reconcilement nearmst to June 1,
regardless of whether a report is required for the person in whom name the account some par-
1940, made between December 31, 1939, and July 1, 1940, may be used. If values given in
When the interest claim of such en additional national was clearly confined My to that
Column (b) of the Schedule are based on A statement, audit, or reconcilement of B date other
ticular of the or securities contained in the account, a report is necesary If only as securities
Schedule, than June 1, 1040, so indicate and state the date thereof in the space provided below the
portion, held the broker as collateral were piedged under a hypothecation agreement the primarily
portion but otherwise the report must include all securities in the account. esecuted any by 6
6. Part C-Schedule II-Enter in Column (a) the total amount of indobtedness in dollars
national, liable repart national, another report of the securities must state,
by a must be made of the securities for that national, and il be promots filed for him.
losses losse (IB puts, calls, and similar contracts on which the national is obligated, as well as unrealized
- of June 14, 1941, and in Column (b) the total amount in dollars as of June 1, 1940. Unrealtand
to the broker in also a of the questions in this part is unknown, so should have but
7. on unissued securities, should be entered under Type 18 of this Schedule.
no person 10. Part reporting E-11 is the excused answer from to any furnishing required information it manualy
are either given in Schedule 1 of this Part, ench item of property of the value of $1,000 or muni en
Part C-Schedule III.-List in this Schedule, in the order in which the property types
list all June 1, 1040, or June 14, 1041, or both, concerning which this is being made. Also
be (a) Number of afidavits.-Only reporting, regardless of the number of persons the original
11. Afidarit.- one affidavit, on the form supplied. with concerning this Beries, whom need
unit items of property, the value of which in not readily determinable. report A properly item in
any total of of property commonly bought, cold, assigned, released, or alienated, except that the
property net reports being respect to each set of copies must and the number
executed by any are person made. The affidavit need be attented only with be fully respect conformed, to except
certificates ementially similar unite of the same kind is regarded as one item, such as a number of
M to of the reports, notarial but noal. the affidavit The reporta with submitted shall be numbered consecutively
each for shares of slock of the same issue, or a number of separate bonds of the name
shall be stated in the affdavit.
26
27
signed and sworn (affirmed) to before an officer authorized to administer oaths, whose real usual
(b) Necessity and musture of report will not be accepted unless it in property
Give the values without deduction for loans de advances under or against On policy
Such loans or advances should her entered after Question a in Part R.
be offixed.
(c) Who shall ericule.-Affidavits in behalf of partnerships shall be executed by & partner,
6. Part E-All the information called for in the questions in this Part must be given as of
Affidavite in behalf of any organization shall be executed by the president, vice president, честь-
both June 1, 1940, and June 14, 1941, for all of the property listed in Part D. If a property item
tary, or some other principal officer authorized to make the report 00 behalf of the organization,
was beld on only one date, give the information as of that data. When the person reporting
has no knowledge regarding the matters required under any beading, is must en indicate clearly,
SECTION XI-INSTRUCTIONS FOR SERIES H
but no person reporting is excused from furnishing required information it reasonably should
have. In the answers each item of property shall be designated by like line number and by the
1. Reading instructions-Read these instructions in full before beginning to prepare Series H.
name of the insured net forth in Part D.
If you have not also rend carefully Sections I, 11, and III of this Circular, do so before reading
9. Part F-Enter in this part claims and indebtedness arising under insurance policies,
theme instructions. File all reports in quadrupticate.
whether or not admitted by the insurer, in which the national had any interest (Property type
2. Scope of Series I/-This Series in to be used by insurers, only to report insurance policies,
3 in Part C, above.) Include those resulting from an election by the insured to take cash
annuities, pensions, etc., and claims and indebtedness arising under insurance policies, Fur
surrender value and the like, and those representing proceeds of 6 pulicy left with the insure
the scope of all Series of Form TFR-300, une Instruction e of Section II of this Circular.
and the like, ae well no claims or indebtedness arising because of the occurrence of & contingency
3. Definitions.-Vor the purpose of this Series, the term-
covered by & policy. Do not include annuities in any way, except annuity installments actually
(a) "insurer" shall mean any person, licensed or otherwise authorised under the laws of
accrued but unpaid. State the amount of claims and indebtedness without deduction for lesse
the United States, or of any state, territory. district, or possession thereof, to engage in the busi-
et uffsets due or claimed to be due to the insurer. Such loans or offsets should be listed in
pres of beuing policies of insurance, including, but not by way of limitation, individuals, partner.
question 2 under Part G.
ships, amoriations, corporations, stock companies, mutual companies, mutual benefit companies,
10. Part G.-All the information called for in the questions in this Part must be given of of
fraternal orders, and voluntary unincorporated amociations of employees or other groups formed
both June 1, 1940, and June 14, 1941, for all of the property listed in Part F. If a property item
for the purpose of relieving sick and aged members and dependents of deceased members, and
TM held on only one date, give the information as of that date. When the person reporting has
shall also mess employers authorized to act no self-insurers under workmen's compensation or
no knowledge regarding the matters required under any heading, it must so indicate clearly, but
einular laws, and organizations providing pensions and the like for their own employees or those
no person reporting is excused from furnishing required information it reasonably should have
of another person without the interposition of another insurer 68 defined above;
In the answers each item of property shall be designated by its line number and by the name of
(b) "insurance policy" shall include when appropriate, but not by way of limitation, fidelity
the insured ant forth in Part F.
and surviy bonds, annuity and endowment contracts, and contracte of reimsurance;
11. Afidarit-
(c) "usrertained value" shall mean the value at a given date to the beneficiary of a paid-up
(a) Number of Affidarita.-Only one affidavit, on the form supplied with this Serior, need
or partly paid-up contract, such as an annuity contract, to make a payment or payments in the
be executed by any person reporting, regardless of the number of persons with respect to whose
future, computed in accordance with standard actuarial practice.
property reports are being made. The affidavit need be attested only with respect to the original
4. Nationality of person concerning whose property report is being made-Enter in this space
eet of reports, but the effidavit with respect to each not of enpies must be fully conformed except
the name of each country of which the person whose property is being reported is a national, se
as to the notarial seal. The reports submitted shall be numbered consecutively and the num-
defined in Section 5E of Executive Order No, 8389, as amended.
bers shall be stated in the affidavit.
5. Part B-In the space provided under Part B, the person reporting should state (a) its
(6) Necessity and manner of execution.-The report will net be accepted unless it in properly.
name; (b) its address: (e) its business; (d) the state or country of which it is a citizen or under
signed and sworn (affirmed) to before an officer authorized to administer oaths, whose enal must
the laws of which it is incorporated or, if unincorporated, in which it has its principal place of
be affixed.
business; and (e) if the person reporting is a national as defined in Section 5E of Executivo Order
(e) Who shall ezrende.-Affidavita in behalf of partnerships shall be esecuted by & partner.
No 8386, AA amended, the name of each country of which it is a national. The information
Affidavita in behalf of any organization shall be executed by the president, vice president,
may be given by any method producing A readily legible impression, including a rubber stamp
secretary, or some other principal officer authorized to make the report on behalf of the organiza-
5. Part C-This Part requires statement of the amount of the property of the national in
tinn,
each property type being reported. The types are classified in accordance with the property
SECTION XII-INSTRUCTIONS FOR SERIES I
types in Section III of this Circular, which must be followed strictly. The numbers in parm-
theses after the property types in this Part correspond to the type numbers in Section III of the
1. Reading instructions.-Read these instructions in full before beginning to prepare Series L
Circular.
If you lisve not also read carefully Sections 1, II, and III of this Circular, do so before reading
All column should la given in dollars. Do not enter fractions of a dollar.
three instructions. File all reports in quadruplicate.
7. Part D.-
(a) Subdimirim (I).-Enter in this subdivision insurance policies with a cash surrendre or
or any national of either thereof had any interest. Vor the purpose of this Series, "national"
to the jurisdiction of the United States on July 20, 1911, in which on said date China of Japan
2. Scope of Series I.-This Series is to be used by any person, only to report proporty subject
paid-up value upon which the national had any right whatever to realize OF draw. (Property
type 1 in Part C, above.) The interest in an unmatured policy of a beneficiary who has no richt
shall mean, where inappropriate, a national of China or a national of Jupan. A report
to draw upon cash aurrender or paid-up value prior to maturity should not be reported. Do
on this Series except in required in addition to any report with respect to property of China, Serim Japan, 1. is
not include policies of insurance, such as fire insurance, having no immediate value other than
and nationals of either thereof required to be filed on any of Series A through H. the
unearned or return premiums.
reporting may report have any been required Le employ $ of June 14, 1941. For the scope
to be used to property as of July 26, 1941, irrespective of the Series which of all person Series
(6) Subdivision (f).-Enter in this subdivision annuity contracts, pensions, and other eno-
tracts and policies with an ascertained value M defined in Instruction 3, in which the national
of Form Instruction 0 in Section Ill of this Circular.
bad any intenst, (Property type 2 in Part C, above.) Such contracts shall be entered in this
trunto in which the intereste of beneficiaries were represented by financial securities)
Trustees TFR-300, and other see representatives of estates and trusia (other than trustees of in business which
subdivision whether or not payment under them had begun on either June 1, 1940, or June 14,
1041.
28
29
AN existing national, or nationals, me beneficiary had any interest, verified or contingent, obliged
price of bid, if reasonably close to July 26, 1941, may be used MI . basis, All missi about la
to be reported. including interesta in income, shall report the property of the trust EIEL this Serve
given in dollars. Do not nur fractures of d. dollar. Property, Oin value of which was expressed
when the total national interesta on July 26, 1941, had a value, determined in accordance with
in & foreign currency, or which was to be paid or liquidated in a foreign currency, shall be valued
standard actuarial practice, of nver $50,000, or when the national interests exceeded ten percent
at the dollar value if dollar market value existed therefor; if not, the foreign currency value
of comparable interests in the trust, regardless of the value of the interests. If the truet in
thereof shall be converted into dollars, in accordance with the instructions relating to exchange
itselt a national for any reason, report must be made for the trust, irrespective of whether à
rales given in Section XIII of this Circular.
national was is beneficiary. The report for the trust should contain on a suitable attached sheet
In repect to goods delivered to & common carrier or other carrier for hire, in or prior to
a brief but definite description of the rights of all existing beneficiaries who were nationals. Is
July 26, 1941, and in transit on that day, (a) a national reporting for itself shall report the
any event n trustee shall report any reportable interest of & beneficiary under & trust on . anp-
goods if title therein had then been acquired, and if not, its contract right or other interest in
srate report on this Series, with a clear reference to the report for the trust, when such 4. report
the goods, (b) all persons (other than carriers for hire) who had received mussing goods from a
in required. A description of the rights of the beneficiary, similar to that required on reports for
national for the national's account or had forwarded such goods to or for the account of à national,
truets, should in any case be given on the report for the beneficiary. None of the Asseta of
et to whom such goods had been consigned for a national, shall report such guode or interest
the trust should be entered on the report for the beneficiary but the total amount of such -
therein, (e) common carriers and other carriers for hire having temporary custody of the goods
should be given with the description of the beneficiary's rights. If more than one national Was
solily for transportation and actually engaged on July 26, 1941, in transporting the same,
B beneficiary, 6 separate report must be made for each.
need make DO report of euch goods. Goods held by n. carrier in A warehouse, or otherwise
Similar principles should be applied with respect to partnerships in which & national is &
stored under its control, must be reported by the carrier.
partner of any sort.
Producers and sellers of goods who are not themselves nationals need not report untilled
Trustées of business trusts in which the interesta of beneficiaries are represented by financial
enders received from or given to a national, but they must report long-term merchandise con-
securities und report the property of the trust only when the trust is itself a national, but the
tracle with nationals. Such orders, as well as such contracts, must be reported by unitionale
intereste of beneficiaries of such a trues who are nationals shall in any event be reported en
this Beries,
themselves. 7. Part 0-Schedule 11.-List in this Schedule, in the order in which the property types
3. Nationality of person concerning whose property report is being mode-Enter in this space
are given in Schedule 1 of this Part, cach item of property of the value of $1,000 or more on
the name of each country whatever of which the person whose property in being reported is a
July 26, 1941, concerning which report is being made,
national, de defined in Section SE of Executive Order No. 8389, as amended.
Property items included in Class F, i. d., potents, trade-marks, copyrights, and franchism,
4. Part A.-In addition to the other information required, state the profession, occupation,
and in Class H, i. partnership and profit-sharing agreemints, shall be listed even though valued
or business of the national and the country, state, district, territory, or possession under the
at less than $1,000. However, no reference should be made to any invention with respect to of
laws of which it is incorporated, or if unincorporated, in which it has its principal place of busi-
which A ascrecy order has been issued by the Commissioner of Patents pursuant to the Act
nee. If the national is BD individual doing business under 8 trade name, give that name in
October 6, 1917 (40 Stat. 394), as amended. Also, list all items of property the value of which
addition to the actual name of the national
is not readily determinable. A property item is any unit of property commonly bought, the sold,
5, Part B.-
kind is regarded as one item, such pass a number of certificates each for shares of stock The
assigned, released, or alienated, except that the total of ementially similar unite of of same the
(a) General.-11 this report in being made by the national for itaclf, this Part need not be
filled out further than to insert the name of the national on the line provided for the name of
same issue, or a number of separate bonds of the same issue, or several Isnal of cattle, financial
the person reporting. If the national is a partnership, corporation, or other entity, the report
total number of certificates or instruments shall be stated, il feasible, with regard to in other
will be deemed to have been made by the national for itself when it is executed in accordance
securities, and appropriate designation shall be made for other units of property, Several but bank
with Instruction 5 (b).
(b) Name-1f the person reporting in an individual doing business under a trade name,
respects with property the institution, or several debte payable by the same debter though each
the may, when practicable, be treated entirely as one item, shall be itemized
give both the actual name and the trado name,
accounts in this same Schedule if the aggrogate amount thereof exceeds $1,000 even making up
(e) Nationality.-If the person reporting is n national na defined in Section 5E of Executive
separately individual item is less than $1,000. Inventories of non-identical steme commonly item.
Order No. 8389, as amended, state the name of each country of which it is a national. Reports
000 such as household furniture and furnishings, shall not be reported as should one not
for estates and truste, other than business trusts in which the interests of the beneficiaries were
be Except listed as specifically provided in this Schedule, although the value of each must be included
group, in this paragraph, property items of B lesser value than $1,000 in determining
represented by financial securities, shall state the country or countries of which the trust jtelf
is A national, if it in a national, and shall then state the country or countries of which each bene-
the total of each type in Schedule 1.
ficiary of the trust is n. national. (See Instruction 2.)
(if) Relationship of person reporting - Without limitation of the information required of other
in as Column a (b) a short description referred to or by number or other similar designation, state With regard to prop-
Enter in Column (a) the identification of the property item. In esse briefly of the object
value of property number of the property type in which the item is included. property, Enter such
persons reporting. organizations reporting holdings of financial securities issued by them shall
clearly indicate the fact in this space.
6. Part C-Schedule 1-This Schedule requires the valuation of the property of the national
or nature other of than the debta property and in claims, enter in Column (c) the name and the address number of the or other person desig-
patent, commonly addition to the number or other designation with
within each property type contained in the classification net out in Section III of this Circular,
erty whom the was deposited or by whom it was hold, and give was kept. With regard
which must be followed strictly, but property not falling under any of the other types of the
nation property similar receptacle in which the property Il the property
classification must be reported under type 30, No property shall be reported under type 30,
class J, if it constitutes property reportable ILS any other type in any other class.
is to held debta or to owed and claims the by the national, reporting, it will suffice to state Person item on July 26, 1941,
of any safe deposit box or state the name and address of the debtor. reporting" in place of
Enter in the column for property holdings the total value of the items of each type of property
the by person Enter in Column (d) the value of each property above for Schedule I.
hold on July 26, 1941, at the market price at the opening of business on July 26, 1941, or, if such
M determined name and address. instructions for valuation given of persons
price is not available, at the estimated value on that date. In estimating value, the last sale
Additional in sheets accordance identical with in the form with Schedule II are provided for the use
reporting who find the space in Schedule Il insofficient.
Regraded Unclassified
30
8. Afidavit-
(a) Necessity and manner of erecution.-The report will not be accepted unless it is properly
signed and sworn (affirmed) to before an officer authorized to administer oaths, whose seal Extual
be affixed. The affidavit need be attested only on the original of the report, but the affidavita
on copies must be fully conformed, except as to the notarial seal.
(b) Who shall escule.-Affidavite in behalf of partnerships shall be executed by a partner,
Affidavita in behalf of any organization shall be executed by the president, vice president,
secretary, or some other principal officer authorized to make the report on behalf of the organ-
tion.
SECTION XIII-TABLE OF EXCHANGE RATES
Where the value of property is expressed in terms of foreign currency, such values abould be
converted into dollars at the rates of exchange set forth below. Where no rate is given for A
country, the Intest rate next before June 14, 1941, as generally quoted by foreign exchange
dealers or other recognized sources of information, shall be used. Such rate should be clearly
stated in the report. The exchange rates given in this table are for use only in preparing reports
on Form TFR-300 and are not intended to be used or relied upon in any other connection or for
any other purpose whatsoever.
C.8.
U.8.
PUBLIC CIRCULAR NO. 4-Instructions for Preparing Reparte of Interest All Property la Which . Blocked Country
Monetary Unit
Cente
COUNTRY
COUNTRY
Monetary Unit
Centa
or National Thereof Has an
per
per
Doit
Unit
Detailed instructions for filing foreign property census reports.
Argentina
Peso
23, 7
Japan
Yes
23, 4
Australia
Pound
323. 0
Mexico
Peso
29. e
Belgism
Belga
17. 0
Netherlanda
Bolivia
Bolivisno
22
Netherlands East Indies
Guilder
53. 0
Brasil
Milreis
4.9
Netherlands West Indies
Brith India
Rupee
30, 0
New Zealand
Pound
323. 0
Bulgaria
Lev
1.2
Norway
Krone
23. 0
CIRCULAR PÚBLICA 4-Instrucciones para preparar last informes participación de toda is propledad an que una
Canada
Dollar
91. o
Parsama
Balboa
100 0
nación NO. bloqueada a un ciudadano de in misma lengan
Chile
Peso
3.2
Peru
Bol
15. 4
China
Yuan
5.3
Philippine Islanda
Peso
50. e
Instrucciones pormenorizadas para presentar los informes sobre censos de propieded
Colombia
Peso
57. o
Poland
Zimity
19. o
Cata
Puso
100, o
Portugal
Escudo
LO
extranjera.
Denmark
Krone
19. 3
Rumania
Len
.5
Equador
Bucre
6.7
Russia
Ruble
19. o
Egypt
Pound
406. 0
South Africa
Pound
398. o
Eire
Pound
403. 0
Spain
Penta
9.0
Finland
Markka
20
Straite Settlement
Dollar
47. e
France
Frane
23
Sweden
Krona
21. 8
French Indo China
Pisster
23. 0
Switzerland
Frane
21, 2
Germany
Reichamark
40. 0
Turkey
Pound
75. 0
Groece
Drachma
.7
United Kingdom
Found
403. 0
Hong Kong
Dollar
24. 4
Peso
41.0
Uruguay
Hungary
Pengo
19. 8
Venezuela
Bolivar
31. 4
Italy
Lira
5,3
Yugoslavia.
Dinar
20
E. H. FOLEY, Jr.
Acting Secretary of the Treasury.
o
Regraded Unclassified
UNITED STATES TREASURY DEPARTMENT
Office of the Secretary
PUBLIC CIRCULAR NO. 4A
UNDER EXECUTIVE ORDER No. 8389, APRIL 10, 1940, AS AMENDED
AND REGULATIONS ISSUED PURSUANT THERETO
JANUARY 16, 1942
INSTRUCTIONS FOR PREPARATION OF REPORTS ON FORM
TFR-300, SERIES J, BY CERTAIN NATIONALS OF JAPAN
+ + +
Relating to Reports To Be Filed on Form TFR-300, Series J, With Respect to
All Property Subject to the Jurisdiction of the United States on the
Opening of Business on June 1, 1940, and With Respect to All
Property Subject to the Jurisdiction of the United States
on the Opening of Business on January 1, 1942, in
Which, on the Respective Dates, Certain
Nationals of Japan Had Any Interest
of Any Nature Whatsoever,
Direct or Indirect
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON # 1942
INSTRUCTIONS FOR PREPARATION OF REPORTS OF FOREIGN-
OWNED PROPERTY
SECTION 1.-GENERAL INSTRUCTIONS
A. Reading instructions.-Read this Circular in full before beginning to prepare Series J.
B. Persona required to report-
TABLE OF CONTENTS
(1) Basic requirement.-Except tus provided in Instruction D hereof, reports on Series J
of Form TFR-300 shall be filed by all nationals of Japan within the United States and its lerri-
torica and possessions, except Hawaii and the Philippine Islands, who under General License
Section 1. General instructions
Fun
No. 08 have hitherto been excused from filing reports on Form TFR-300. General License
A. Reading instructions
I
No. 68 is hereby revoked NO far as it would exempt nationals of Japan from reporting on Series J.
B. Persons required to report
I
Paragraph (3) of General License No. 68A with respect to reports on Form TFR-300 by nationals
C. Property to be reported
I
of Japan shall be deemed to require reports only on Series J.
D. When no report need be filed
2
(2) Corporations and other organizations, including trusts and estates.-A corporation or
E. Time and place of filing report
2
E. Penalties
now required to report under Sub-instruction (1) berof shall report its property en Series and
other organization which is a national because of control by or an interest of a person or persons J.
3
G. Information regarding preparation of reports
3
In addition to all other organizations, this requirement shall extend to trusts and estates
Section II. Property classes:
3
Class A-Bullion, currency, and deposits
of nationals who themselves come within the provisions of Sub-instruction (1) exceed per
partnerships. In any event, report shall be maile concerning a trust or an estate if the interesta 25
Class B-Financial securities
a
centum of comparable interests in the trust, regardless of the value of the interesta, and centum a part- of
Class C-Notes and drafts; debts to and claims by national
4
nership shall report if the interests of such nationals who are partners exceed 25 per and
4
Class D-Miscellaneous personal property; personal property liens
Class E-Real property; mortgages; other rights to land
nerships, are not required to file reports in the names of their stockbolders, members, or
comparable interests in the partnership. Organizations, including trusts and estates belie- part-
5
Class F-Patents, trade-marks, and copyrights; franchises
5
liciaries the stock, membership, or beneficial interests.
Class O-Estates and trusts,
6
(3) concerning Definition of "person" and of "national".-The terms "person" and "national" are
6.
Class H-Partnership and profit-sharing agreements
defined ne follows in Section 5 of Executive Order No. 8380, as amended:
Class 1-Insurance policies; annuities
6
C. The term "penon" means an individual, partnership, association, corporation, or other
Class J--Other property
6
organization.
Section III. Detailed instructions for filling out form
6
Sertium IV. Table of exchange rates
6
E. The "national" shall include,
10
term Any person who has been domiciled in, or a subject, this eitizen Order, or resident of a for
(in)
eign (i) country at any time on amociation. of eince the curporation effective date or other of unganization, of has organized bad the principal under
(if) Any or partnenhip, which on or since the effective date of this Onlet had and effertive date was or
the place line drafts, laws been of business of, controlled in by, such of foreign a substantial obligations country, part of of which, of which the was stock un or or has sharm, since been bonds, used debentures, or thereof controlled herein notes, by,
directly or or other Indirectly, securities such or foreign country and/or une or mini nationals M
defined, that such gerson an, or has been, aloce behalf such
effective (lii) date, Any acting person or to purporting the extent to act directly or indirectly for the Instit un un
of any of worh foreign country,
(iv) national Any other person who there la and reasonable Delair to believe is . "national"
than herein In une any fursign defined. case in country, which by such virtue person eschined of shall the forgoing be internate - definition of to peri be UT A a national - persin is of to a each eoratitute, national countries with of furviço entite desig- muse
the
country. nated the meaning in this In Order of any the our and/or foreguing in which nationale control thereof or 25 AN per (1) sufficient explum or in the of the stock, charge, timila,
Regraded Unclassified
2
8
of alline of obligations of a partnending, -
to interesta in partnerships and profit-sharing agreements, BUT to property the value
corporation or whet organisation, but such and or A entetantial part of secib shock, slares,
of which cannot be readily determined. If a person had property of . kind which must be ie-
bonds, delmission, notes, drafts, or other securities or obligations is held by any one
foreign country sail/er national thereof, such partnership, association, corporation or nther
pacied without exemption, by virtue of the proviso in the procedurg les town include
organization shall be deemed to be a national of each of such foreign countries. The Becretary
in bis report all other property in which he had an interest, regardless of the value of such other
of the Treasury shall have full power to determine that any person la or shall be deemed to
property. In arriving al the value of $1,000, no deduction shell be made for offsete, liens, or other
be a "national" within the meaning of this definition, and the foreign country of which such
deductions from gross value.
person is or shall be decused to be . national. Without limitation of the foregning. the term
(2) General License No. #8.-The requirement for reporting contained in Instruction B above
"national" shall also Include any other person who is determined by the Berretary of the
dore not extend to nationals of Japan entitled to the benefits of General License No. 28, applying
Treasury to be, or to have been, since such effective date, noting or purporting to Not directly
or Indirectly for the benefit or under the direction of & foreign country designated in this Order
to citizens of the United States who are nationals of foreign countries only by reason of domicile or
or national thereof, M benein defined.
residence therein.
E. Time and place of filing report-
It should be noted that the definition of "national" in subdivisions (i) and (iv) of submer-
(1) General.-Roports must be executed and filed in quadruplicate on or before February
tion E of the Executive Order includes is eitizen of the United States who has been or has pur-
15, 1942 with the Federal Reserve Bank of the district, or the Governor of the territory or
ported to be a subject or citizen of a foreign country at any time on or since the effective date
possession of the United States, in which the person filing the report resides or has a principal
of the Order,
The effective date specified in Section a (k) of the Executive Order with respect to Japan
place of business or principal office or agency. Each person reporting should relain, for hinself,
an additional copy of hie report.
and nationals thereof is June 14, 1041.
(2) Extension of time under General License No. 684.-The time for filing reporte required
(4) Doubt concerning nationality.-No person who is a national of Japan and who in Th-
under paragraphs (3) and (4) of General Lácense No. GSA has been extended to February 15,
quired to report on Series J is excused from reporting because of any doubt he may have AS to
bin status as a national.
1942.
F. Penalties.-
(5) Nationals visa should have filed reports previously.-Nationals of Japan who have not
(1) Section 5(b) of the Act of October 6, 1917 (40 Stat. 416), as amended, applicable hereto,
bonn entitled to the benefits of General License No. 68, but who nevertheless have failed to
provides in part:
file reports of their property on Form TFR-300 should do so at once. Such persons shall report
Whoever willfully violates any of the provisions of this subdivision of of any
on Series A or Series B, ne appropriate, and on Beries I, in accordance with the instructions
license, order, rule or regulation issued throunder, shall. upon provides, be lined ant more
contained in Public Circular No. 4, and shall not report on Serior J.
than $10,000, or, if a natural person, way be imprisoned for trut more than tello years, of both: such
(6) Nationals who have previously reported their own property.-Nationals of Japan who have
and any officer, director, or agent of any exportation who knowledge participates in
reported their own property on Series I, and on Beries A or Series B, when appropriate, as required
viciation may be punished by 6 like fine, Imprisonment, or beit.
by Public Circular No. 4, should not report on Series J.
(2) Section 130.4 (c) (1) of the Regulations of April 10, 1940, as amended, issued under
C. Property to be reported-
Executive Order No. 8389, as amended, provides.
(1) General requirement-Every national required to report on Series J shall report with
All in the report must be properly filled in Reports fusind mit to be in proper with form, the
respect to ALL PROPERTY subject to the jurisdiction of the United States on the opening of
un lacking spaces in emential details, shall not be deemed to have lawi tiled - compliance
business on June 1, 1040, and with respect to ALL PROPERTY subject to the jurisdiction of
the United State on the opening of business on January 1, 1942, in which on the respective
G. Order. Information regarding preparation of reports.-Anyone desiring information concerning
date the national had any interest of any nature whatsoever, direct or indirect. Property
located in any of the territories and possessions of the United States, including Hawaii and the
Series J may apply to any Federal Reserve Bank.
Philippine Islands, must be entered. The reports must be made whether or not the property
SECTION II-PROPERTY CLASSES
is or has been blocked or subjected to any other restriction whatever by or under Executive
Order No. 8389, as amended. Section II of this Circular provides e classification of property for
certain TFR-300, nationals of as specified in Instruction B under Section I of this Section property is
Form Before preparing Series your J, of ell property subject to the jurisdiction of the United Circular, had any
report read this Section in detail-This Circular requires States, reports in which on
the purpose of reporting.
(2) Property jointly owned.-Every national required to report on Series J who has any
interest in any reportable property shall report the full amount of such property and not merdy
interest either or Japan, on both June 1, 1040, and January 1, 1942. In this under the correct
his interest. For example, if the person reporting owns a parcel of real estate jointly. be should
report the entire value of the real estate. Appropriate provision is made on Series J for an
classified for purposes of requires that the person reporting state whether or not held in the name of
on reporting. It in imperative that all property be entered he has reported
indication of the existence of other interesta. Any duplication by reason of several persons N-
type the value upon of Series all property J, which he is called upon to report therein, including property
porting the same property shall not excuse anyone from rendering the report required from him
another interest whatsnever.
with respect to the property.
in which he had any and deposits.-(1) Bullion, both gold and silver; (2) in Currency United
(3) Doubt concerning ownership of property.-No national of Japan who had an interest in
and States coin, United States and foreign; including any and all demand deposits or accounts other
Class A-Bullion, currency, (9) (Nimand deposito payable in the United States maintained
he may have full to the existence of the interest or of the property.
any property required to be reprected on Series J is excused from reporting because of any denibe
dollars or foreign currency. in the national's own name or jointly with me for or the more present
D. When no report need be filed-
with any bank on or broker, he has or authority others, to draw, or maintained in some interest, other whether name or not he has
(1) Total value of property less than 81,000,-No report need be filed if the total value of all
persons, or future or benefit which of the national, or in which the national has an States in United States dollars
property which a national would otherwise be required to report was on both June 1, 1040, and
or foreign right to currency, draw thereon; maintained (4) Other with any bank, broker, or others, including
the deposits payable in the United savings accounts,
January 1, 1942, less than 81,000, provided that this exemption shall not apply to employment
and agency agreements, understandings, and contracts, to patents, trade-marks, copyrights and
Regraded Unclassified
5
enmpound interest incounta, accounts represented by certificates of deposit, postal savings
directly IT indirectly at the request of, or for the account of, a national or extenda to any national
accounts, and any and all other accounts, other than demand deposita, maintained in the
named in the letter of crelit, or otherwise known, who has arry rights, contingent or absolute to
national's own name or jointly with one or more other persons, or on which he has authority to
receive any payments in any amount pursuant 30 the terms of the letter of credit or in
draw, or maintained in some other name for the present or future benefit of the national, OF in
which the national has an interest, whether or not he has the right to draw thereon.
ment for any unused portion thereof; (14) Debty, claims, demands, and contracts, including book
accounts, accounts receivable, judgments, awanls; indebtedness and claims arising under con-
Class B-Financial securities-(5) United States Government obligations, including all
tracia, policies of insurance, and surety and indemnity bonds; draw-backs, relates, and refunds;
United States bonds, registered or bearer, notes, bills, certificates of indebtedness, EATINGS
and including all other debts, claims, and demands due OF past due for the payment of money
stamps, matured enopons, sitached or detached, and every other such direct obligation of the
whether or not secured in any manner whatsoever (other than any represented by an instrument
United States Government, and all obligations evidenced by financial securities guaranteed
evidencing funded debt, or classified under some other type], due or claimed to be due to 6.
as to principal or interest by the United States Government, but not obligations not MI plan-
national from any person or corporation residing or doing business in the United States or
anteed na to principal or interest; (6) State, municipal, and other local government obligations,
subject to the jurisdiction thereof, except where the debt was payable only on special demand
including bonds, registered or bearer, matured coupons, attached or detached, notes, certifi-
and the place where due demand therefor could be made is not within the United States; and any
cales of indebtedness, and any other such obligations of any state, territory, district, or posses.
and all contracts and rights under contracts, not otherwise classified, to which & national was &
sion of the United States, and of any agency or instrumentality or subdivision thereof, and of
party or in which & national bad any interest whatever, present or future, vested or contingent,
all municipal corporations, including, without limitation, cities, towns, townships, counties,
assutory or partly executed, liquidated or unliquidated, regardiess of the nature of the contract
parishes, irrigation districts, school, water, drainage, and tax districta, special authorities, And
or the nature and estent of the national's interest Uierein.
any other similar obligations and including certificates of deposit with respect to any of the
Class D-Miscellaneous personal property: personal property liene-(15) Warehouse
foregoing; (7) Bonds of domentie corporations, including mortgage bonds, registered or bearer,
receipts, bills of lading, and any and all other instruments, negotiable or otherwise, representing
and matured coupons, attached OF detached, debentures, notes, income bonds, and any other
claims to or on personal property: (16) Options and futures in communities, traded on any come
evidences of funded debt, past duo or to become due, and all receiver's or trustee's certificates
modity exchange, including any interest in, or present or future claims to, any commodities or
and similar instruments, and any other obligation evidenced by an instrument, organishte or
the proceeds of the sale of any commodities; (17) Goods and merchandise for business uar, except
otherwise, representing funded corporate debt, executed or issued by or in the name of lary
jeadry, de, including stocks of raw materials, agricultural products, goods in process, finished
eurporation organized under the laws of the United States or of any state, territory, district,
grade in stock or on consignment, goods on vessels or otherwise in transit, other than jewelry,
or possession thereof, including all such obligations of any agency or instrumentality of the
United States not guaranteed (LII to principal or interest by the United States Government and
precious stones, and precimus metals; (18) Jewelry, precious stones, and prezima metale, other
than bullion, whether held for personal use, or RA stock in trade, or for other commercial pur-
including certificates of deposit with respect to any of the foregoing; (8) Common stocks of
poses; (19) Machinery, equipment, and livestock, for business wife, all machinery or equipment
domestic corporations, of whatever class, voting or nonvoting, including debenture stock, 1
on hand, stored, or in use, automobiles (business), trucks, automotive or otherwise, and other
ticipating stock, and any other type or kind of etock [other than preferred stock], interests in
vehicles, office equipment and furnishings, and whatever else of like or similar type, customarity
veting trusts, stock pools, and similar interests, and any trustee's certificates, by whatever
classified as machinery and equipment, vessels of any type and tonnage, charter parties, and
name called, representing shares or beneficial interests in any business trust or other type of
all other interests represented by instrument or otherwise in the ownership, rights to possession,
unincorporated business organization except a partnership; (9) Preferred stocks of dometic cir-
use, or control of any vessel jother than maritime or other liene therenn]; farm machinery and
porations, including all stock, voting or nonvoting, issued by any domestic corporation, to
which any preference of any kind attaches, over any other issue of stock of that same corpora-
equipment, livestock; and all other tangible personal property und in the operation ist any
business or occupation; (20) Objects of art and furnishings for personal use, including all art
tion; (10) Foreign ereurities held in the United States, including mortgage and other bonds, mgis-
objects, coin and stamp collections, household furniture and furnishings, automobiles (per-
tered 07 bearer, and matured coupons, attached or detached, debentures, notes, and any other
eunal], and all other tangible personal property not used for commercial purposes; (21) Liena
eridences of funded debt, past due or to become due, negotiable or otherwise, executed er
issued either within or without the United States by a foreign government or any subdivision,
in and claims to personal property, not otherwise classified, including trust receipts, bills of sale,
contracts for conditional sale or reanle, lease-sale arrangements, reporchase agreements, chaltel
instrumentality. or agency thereof, whether or not incorporated, or by any corporation or other
association or organization, business or otherwise, organized and existing under the laws of any
mortgages, pledges; maritime, cattle, Umber, and crop liens; and all other instruments lieus not
otherwise classified evidencing any lien 00, or claim to, personal property. and all other
country other than the United States, representing funded debt thereof, and all stock, common
nn or claims to personal property, not represented by any instrument by whatever name called,
or preferred of all types or kinds, and any other instrument by whatever name called, repre-
senting shares or beneficial intereste in any such corporation, organization, or association and
arising by OF by operation of law.
and including certificates of deposit with respect to any of the foregoing; (11) Warrants, serip. rights,
for personal including only property used exclusively as a dwelling by the national personal
Class agreement E-Real property: mortgages; other rights to land-(22) Landa and buildings and his
the options; other securities, warrants, scrip, rights, options, or other instruments evidencing
or right to receive, purchase, or acquire any financial security or interest therein, absolutely
family and not use, more than one other family; (23) Landa and buildings other than 22 for preceding.
use, including all used AS a dwelling other than that classified under type for commercial,
ritica, issued or unissued; and any other financial securities whatsoever or rights therein, con-
upon contingency, and all other contracts relating to the purchase sale of Financial ect)-
all lands and the property buildings, structures, and other improvements thereon used therein;
monly Class dealt in by bankers, brokers, and investment houses in the United or States elsewhere
ground leaseholds, together with rents, account or to accrue, lax warrants, thereof OF a
manufacturing, mercantile, agricultural. and other business purposes, and interesta easements,
C-Notes and drafts; debts to and claims by national.-(12) Checks, or dra/in,
mineral rents, oil rights, timber and other rights in or to land or the products on real
dráfta, banker's acceptances, trade acceptances, promissory and checks, and all other notes,
acceptances, drafts, and notes, including all checks, onshier's or official bank sight drafts, time
share rights, and any other rights in the lands of another; (24) Mortgages morigage
property; bonds rights by financial securities), mortgage participation certificates, secured by lien
therein, other royalties, to land, mortgage bonds, mortgage notes (other than corporate guaranteed
all similar or bills of exchange, and payment orders and remittances; notes, Letters any of credit, including
instruments OF agreements, wherein the obligation of (13) any bank thereunder arise
or otherwise, or notes deeds represented of trust, and any other bood, note, or other instrument a ON
6
7
any real property fif laterest thereits; contracto for the purchase and sale of roal property, whether
or not partially executed, options, and any and all other rights or interests in OF lians, Vested OF
(e) Number of copies required-File your report in quadruplicate. You should retain, for
contingent, upon real property or upon an interest in real property.
yearself, an additional copy of the report.
(d) Language to be Und-All reports must le filled out in English
Class Y-Patents, trade-marks, and copyrights; (ranchises-(25) Patents, trade-marks,
3. Nationality-
copyrights, and incentions, including patents, trade-marks, registered or unregistered, copy.
(a) In general.-In this space state the name of each country, other than Japan, of which
rights, inventions, and secret processes, or any present, future, or contingent interest therein,
are 5 national, ss defined in Section SE of Executive Order No. 8389, as amended. If you
and agreements pertaining thereto; all rights incidental to the ownership of patents, trade-marks,
you a national of is foreign country by reason of any fact other than that you have been . subject
or copyrights, including applications therefor and licenses, by definition or otherwise, immunities,
of are citizen of A foreign country, Question 8 in Part D requires you to state the facts determining
and assignments, relating thereto, and any other contracts afferting or involving the foregoing,
euch BF, but not by way of limitation, the right to receive royalties, including any royalties due
your nationality.
(b) Trusts and Estates.-Reports for trusta and elains, other than business trusta in which
and unpaid, reyalties paid in advance, reciprocal licensing arrangemento and contracts by which
the interests of the beneficiaries were represented by financial securities, shall state the country
any information in the nature of technical data, know-how, or otherwise, is transmitted or
countries of which the trust itself is à national, and in any event shall state the country et
exchanged, or any right therein by which any license or privilege is granted or may be exercised,
or countries of which each beneficiary of the trust is & national
to examine the operations of any plant, factory, or other productive unit, to examine or supervise
4. Part A.-
the books thereof, to inspect any finished product, or to have the right of visitation or any other
(a) Name,-A person doing business under a trade name should give that name in addition
such right incidental lo or separate from the right to receive royalties or other compensation;
to his actual name,
(26) Franchises, concessions, licenses, and permits, by any of which any special right or privilege
(b) Address.-& person having more then one address should state lus principal address
may be exercised affecting the commencement, continuation, or conduct of n business, or as an
within the United States.
incident thereto.
Class G-Estates and trusts-(27) Interesta in estates and trusts, each and every right
Other persons should indicate the legal nature of their organization, a. 2.. individual proprietor-
(c) Type of organization.-Individuals not engeged in business may insors a dash (-).
or interest, present or future, absolute or contingent, in or to any of the property or estate of A
deceased person, which may belong to the national or in which he has an interest, whether the
ship, partnership, corporation, business trust, etc.
(d) territory, or possession under the laws of which it is incorporated, or if unincorporated, than
Citizenship.-A person other than an individual should enter the name of the Mate,
enmo exista by reason of the provisions of a last will and testament or by operation of law in
cheo of the intestacy of the deceased, and all other rights or interests, present or future, absolute,
district, which it has its principal place of business. Persons who are citizens of mom that is une Blue of
revocable or contingent, belonging to the national or in which he has an interest, in or to any
in country must state the name of each country, including the United States when
property or fund held or controlled by n. trustee or other fiduciary by whatever name described.
the countries.
Class H-Partnership and profit-sharing agreements-(28) Interesta under partnership
and profit-sharing agreements, all partnership agreements, general, special, limited, or other
5. Part General.-This B-Schedule Schodule 1- requires the valuation of all your property within followed each property strictly,
type, agreements for joint adventures; profit-pooling and profit-sharing agreements and any
(a) contained in the classification of Section Il of this Circular, which must he be reported under
and all other rights to receive, or share in, profite of partnerships, business trusts, or other neo-
type falling under any of the other types of the classification must reportable as
incorporated business organizations [not represented by & financial security], whether or not
but type property 30, No not property shall be reported under type 30 if it constitutes property
the rights granted under such agreement are security for a debt due, or as a manner or mothod
of liquidating such debt or otherwise.
any other
type. building and form in building and loan amociations, type 4,
Class 1-Insurance policies; annuities-(20) Surrender value of insurance policies;
savings (b) and Shares loan in associations, and similar organizations shall shares, be reported under property
present ralue of annuitier, of all types, including pensions and endowments and pension and
endowment contracts, determined in accordance with standard actuarial practice.
which for the purpose shall be Column deemed (a) to designate the total such value of the items of each type 31, of property 1941, of,
Class J-Other property-(30) Other property, not classifiable under types I to 29, including
(c) Valuation.-Enter nt in the market price at the close of business en December In estimating value,
any and all other property, real, personal, or mixed, tangible or intangible, or interest or intenes
if held on January in not 1, available, 1042, at the estimated value on January 1, be 1942 used as a basis. Enter in
therein, present, future, OT contingent; debta due or to become due, claims, demands, actions,
the such price reasonably close to January 1, may held June
causes or things in action, or interest therein, not specified, mentioned, or referred to in any of the
Column (b) the unit value shall be and in both held both
last sale price total or value bid, if of the items of each type of property reported Column as (a) bring and Column on (b),
foregoing property classes designated "Class A" to "Class 1", inclusive.
SECTION III-DETAILED INSTRUCTIONS FOR FILLING OUT FORM
In 1, 1940. other words, The January if the same 1, 1942 number of units of a particular amount kind in Column of property (b) on was in Column on (a).
1. Persons required to report-Series J is to be used by certain nationals of Japan to report
June If 1, 1940, of and units January of 6 kind 1, 1943, of property enter the held same on June 1, 1940, was to different Column (rom (b) 65 the is used number re-
for themselves, 68 provided in Instruction B under Section I of this Circular.
held the on number January 1, 1942, use the same per unit value the with number respect of units actually held en June 1,
2. Instructions applicable to entire Series.-
(a) Reading Oireular-Read this Circular in full before beginning to prepare Series J. If
garding Column (a), where but apply the was unit held value only to où June 1, of 1940, the unit none value of it en being January held 1, on 1942, Jan-
you have not already read Sections I and II of this Circular, de no before reading this Section.
1940. In any the case value should property still be reported on the basis value of the property en June 1, 1040,
(b) Answers required-Each question on the Series must be answered and all the specific
vary unless 1, 1942, determinable, in which event the und, appropriate Dola-
information called for must be given. When there in nothing to report under any question of if
should such be entered value is in noi. Column (b). When the June 1, 1940, value is an of
information is lacking, etate "No," "None," or "Unknown," ns the case may be, with an (I-
tion
should be made. dollars to the nearont dullar. 22a not consisting enter fractions of more a
planation if required, ercept that in Part A spaces not needed for reporting should be left blank. You
are not excused from furnishing any information you reasonably should have,
dollar All OR amounts the report. reported However, should be in given determining in the value of B property item
Regraded Unclassified
8
9
dian MM unit, fractions of . dollar in the unit value should not be disregarded. For example, If
even though valued at less than $1,000 Honover, no reference whatever should be made to
you held Len shares of a particular stock and the value of each share was $110%, so that the
Invention with respect to which a actory order line ben imped by the Commissioner of
exact value was $1,163.75, you should enter $1,164 on the report,
any Patents pursuant to the Act of October 6, 1017 (40 Star. 394), as amounted. Also list all Herms of
(d) Value expressed in foreign currency.-Property, the value of which was expressed in &
property, the value of which is not readily determinable. Except as provided in this paragraph,
foreign currency, or which was to be paid or liquidated in 6 foreign currency, shall be valued
property items of a valori less than $1,000 should not be listed in this Schedule, although the
at the dollar value if dollar market value existed for such property itself; if not, the foreign
value of each must be included in the total value of property of each type in Schedule L
currency value thereof shall be converted into dollars, in accordance with the instructions
(b) Definition of property item-A property item in any unit of property commonly bought,
relating to exchange rates given in Section IV of this Circular.
sold, resigned, released, or alienated, except that the total of wholly similar unite of the same
,(e) Property of indeterminable colue-In reporting property of indeterminable value, enter
kind is regarded as one item, such as a number of certificates each for shares of stock of the same
"indetorminable" under the appropriate proporty type in Schedule I and describe the property
issue, or a number of bonds of the same issue, OF several bead of cattle. The total number of
in Schedule III, 88 required by Instruction 7, below. When property of determinable value and
units of such property shall be stated, but in other respects the property may be treated entirely
property of indeterminable value are to be reported under one property type in Schod-
une item. Several bank accounts with the same institution, or several debta payable by the
ale I, the determinable amount should be entered under the property type without indication
same AM debtor, shall be itemized separately in this Schedule if the aggregato amount thereof ex-
of the property having indeterminable value, but descriptions of the items should be given in
cends $1,000, even though each individual items is less than $1,000.
Schedule III in accordance with Instruction 7.
(e) Method of fisting.-Enter in Column (a) the number of the property type m which the
S Inventories - If in the regular course of ite business, a national engaged in business
item is included. Enter in Column (b) a short description or identification of the property Item.
prepared inventories of merchandise, and machinery and equipment, or either, between July 1,
In care of property, such as a patent, commonly referred to by number or other similar designa-
1941, and January 1, 1942, and between December 31, 1930, and July 1, 1040, or during either
state briefly the object or nature of the property in addition to the number or other designa-
of the foregoing periods, and if the information required to be (urnished in Schedule I is sot
tion, tion. With regard to property other than debte and claims, enter in Column (c) the name and
available from other existing records of the national, such inventories prepared nearest to the
address of the person with whom the property was deposited or by whom it was beld, and give
respective reporting dates and the values indicated thereon may be used in preparing Schedule
the number or other designation of any safe deposit box or similar receptarlo in which the property the
I, with appropriate notation of such use, including the dates of the inventories.
kept. Respecting debte owed to and claims made by you, state the name and address in of
(g) Orders for goods.-You must report all unfilled orders for goods or merchandise, whether
was delitor and disregard the location of the evidence of indebtedness. If the property was address. your
given by or to you, except that any order specifying a total price of less than $1,000 may be
immediate possession, it will auflice to state "Person reporting" in place of the name and and June
disregarded. Such orders required to be reported may be shown BE of indeterminable value
Enter in Columne (d) and (e) the value of onch property item on January 1, 1942, Instruction 1,
(A) Foreign patent issued by a foreign government need not be reported, nor
1940, as determined in accordance with the provisions for valuation contained in
need any boense issued under the patent to a person not within the United States but any
5, above.
Hoense issued to a person within the United States must be reported, except when all obligations
vided the use of reporting who find the space in Schedule III insufficient.
(d) Continuation sheets.-Continuation sheets identical in form with Schedule III are pro-
of any sort on the part of the licensee had been fully performed or discharged, or except when
all payments under the license were to be made solely in a foreign currency from funds held
for C.-All persons the information called for in the questions under this part must Part be B, given Schedule M of
abroad. Morenver, licensing arrangements or contracts in relation to such a patent involving
both 1, 1040, item held on only one date, give the information as its description
8. June Part and January 1, 1942, for each of the property items listed of in that date. In the
the exchange of information or data of any sort, or providing for the future issuance of license
which themselves would have been reportable must be reported.
III, answers If a each property item of property was shall be designated by the number of its type and by
6. Part B-Schedule II-
in Part B, Schedule III.
(a) Indebtednes-This Schedule requires B statement of your indebtedness payable to
persons in the United States, within each indebtedness type BS classified and described in the
9. Part D.- and other representatives of truste and estates should to the answer Instees the
Schedule. State under each type number only the total amount of indebtedness of each type
questions (a) Trustees.-Trustees in this Part only with respect to the trusts or estates and not with respect
being reported. All amounts should be given in dollars, to the nearest dollar. Do not enter fractions
or their individual cupacities.
of 4 dollar. Indebtedness payable in foreign currency should be converted into dollars in accont-
representatives themselves in addition to account the questions in must Part file D, with every the business appro-
ance with the instructions relating to exchange rates given in Section IV of this Circular.
printe enterprise Federal reporting Reserve property Bank, on or before the date of filing for report,
(b) Form TFBE-1.-In of A total gross value in nscess of $5,000 this an affidavit setting
(6) Financial elclement.-A national other than an individual not engaged in business must
file a financial statement (consisting wherever possible of balance sheet, profit-and-loss statement,
forth the information required by Form TFHE-1.
and surplus reconciliations) for each of its fiscal years ending nearest to January 1, 1943, and
10. Afidavit.- execution.-The report must be signed and sworn Reports (affirmed) will
June 1, 1940, respectively, if such statements have been prepared by or for the national in the
course of its business.
to before (a) Necessity an officer and authorized manner of to administer onths, affidavit whose need seal be must attested be affixed. only on the original seal.
7. Part D-Sehedule III.-
(a) Property items to be listed.-List in this Schedule, in the order in which the property types
not of the be accepted unléss the affidavits properly on executed. copies must The be fully conformed shall except be executed as to the by notarial a partner.
are givin in Schedule I of this Part, each item of property of the value of $1,000 or more either
on June 1, 1940, or on January 1, 1942, or both, concerning which report in being made, Em-
Affidavita (b) Who in behalf shall ezwente.-Allidavits of any other organisation officer authorized shall be to esecuted make the by report un behalf of the organ-
report, but in behalf of partnerships the president, vice president,
playment and agency contracts (including agreements and understandings), patente, trade
secretary,
or
some
other
principal
marks, copyrights, and franchises, and partnership and profit-sharing agreements, shall be listed
ization.
Regraded Unclassified
10
SECTION IV-TABLE OF EXCHANGE RATES
Where the value of property in expressed in terms of foreign currency, such values should
be converted into dollars at the rates of exchange set forth below. Where no rate is given for &
country, the latest rate next before January 1, 1942, as generally quoted by foreign exchange
dealers or other recognized sources of information shall be used. Such rate should be clearly
stated in the report. The exchange rates given in this table are for use only in preparing reports
on Form TFR-300, Series J. and are not intended to be used or relied upon in any other con-
nection or for any other purpose whatsoever.
U.S.
D.&
Centa
COUNTRY
Monetary Unit
COUNTRY
Monetary Unit
Centa
per
per
Unit
Unit
Peso
23. 4
Japan
Yen
23. 4
Argentina
Pound
323. 0
Mexico
Peso
20. 6
Australia
Belga
17. 0
Netherlands
Belgium
Bolivia
Boliviano
22
Netherlanda East Indies
Guilder
52.0
Brasil
Milrois.
5.1
Netherlands West Indies
Rupee
30. 2
New Zealand
Pound
323.9
Dritish India
Lev
1.2
Norway
Krone
21.0
Bulgaria
PUBLIC CIRCULAR NO. 4A-Instructions for Proparing Reports of Property in Which Nationale of Japan
Canada
Dollar
91. o
Panama
Balboa
100.0
Have an Interest
Peso
3.2
Peru
Bol
15. (
Chile
China
Yuan
5.3
Philippine Islands
Peso
M 0
Detailed instructions for preparing Japanese property census reports.
Colombia
Pero
57. 0
Poland
Zloty
20.0
Cuba
Peso
100. o
Portugal
Escudo
4.0
Denmark
Krone
19. 3
Rumania
Leu
.1
Feundor
Suere
6.7
Russia
Ruble
19. o
Egypt
Pound
415, 4
South Africa
Pound
398.0
Pound
404. 0
Spain
Peseta
9.0
Eiro
Finland
Markka
20
Straits Settlement
Dollar
47. 2
France
Franc
23
Sweden
Krona
21. 9
CIRCULAR PÚBLICA NO. 4A-Instrucciones para preparar los informes sobre e laterés propledad en la cual los
French Indo China
Plaster
23. 0
Switzerland
Franc
23. 1
cludadanos del Imperio Japonés tengan participación
Reichemark
40. o
Turkey
Pound
7A. e
Germany
Group
Drachms
.7
United Kingdom
Pound
403. 0
Instrucciones pormenorizadas para preparar los informes sobre censos de propiedad
Hong Kong
Dollar
25. 1
Uruguay
Paso
52.7
Hungary
Pengo
19. 5
Venezuela
Bolivar
26. 6
japonesa.
Italy
Lin
5.3
Yugoslavia
Dinar
20
E. H. FOLEY, Jr.,
Acting Secretary of the Treasury.
Regraded Unclassified
UNITED STATES TREASURY DEPARTMENT
Office of the Secretary
PUBLIC CIRCULAR NO. 4B
UNDER EXECUTIVE ORDER No. 8389, APRIL 10, 1940, AS AMENDED
AND REGULATIONS ISSUED PURSUANT THERETO
FEBRUARY 7. 1942
INSTRUCTIONS FOR PREPARATION OF REPORTS ON FORM
TFR-300, SERIES K, OF PROPERTY SUBJECT TO THE
JURISDICTION OF THE UNITED STATES IN
WHICH NATIONALS OF THE PHILIPPINE
ISLANDS HAD ANY INTEREST
+
+
+
Relating to Reports to be Filed on Form TFR-300, Series K, with Respect
to All Property Subject to the Jurisdiction of the United States on
the Opening of Business on June 1, 1940, and with Respect to
All Property Subject to the Jurisdiction of the United
States on the Opening of Business on January 1, 1942,
in Which, on the Respective Dates, Any
National of the Philippine Islands Had
Any Interest of Any Nature What-
soever, Direct or Indirect
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON a 1942
INSTRUCTIONS FOR THE PREPARATION OF REPORTS OF PHILIPPINE
PROPERTY
TABLE OF CONTENTS
SECTION 1-INTRODUCTION
Pap
Reports on Form TFR-300 with respect to all properly subject to the jurisdiction of the
Section
1. Introduction
1
United States in which any national of the Philippine Islands had any interest are required
Section
11. General instructions
I
by paragraph (3) of Public Circular No. 11, issued under Executive Order No. 8389, as amended,
A. Property to be reported
I
and under section 130.4 of the Regulations of April 10, 1940, as amended. Series K of the
B. Who must make report
2
Form has been provided for these reports. Property located in the Philippine Islands need
C. Definitions
2
not be reported.
D. Doubt concerning necessity of reporting
3
Section 11 of this Circular contains general instructions applicable to all persons required to
E. Separation of reports for different nationals
3
report on Series K. Section III consists of a classification of property, which must be followed
F. Time and place of filing report
I
strictly in reporting. Detailed instructions for filling out Series K are given in Section IV, and
G. When no report need be filed
-
Sections V to X are devoted to additional instructions pertaining to certain particular classics of
H. Penalties
5
reporting, as outlined in the table of contents. Each of the sections of additional
1. Information regarding preparation of reports
5
persons instructions applies solely to reports by the class of persons referred to therein. Section X1
deala with exchange rates.
Section 111. Proporty classes)
BEFORE ATTEMPTING TO PREPARE A REPORT a person required to report
Class A-Bullion, currency, and deposits
6
should read completely Sections II, III, and IV of this Circular, and if he comes within one the of
Class B-Financial securities
5
the classes of persons for which additional instructions are provided. he should also read
Class C-Notes and drafts; debts to and claims by national
6
section devoted to that class of persons.
Class D-Miscellaneous personal property; personal property liens
7
Copies of Executive Order No. 8389, as amended, the Regulations issued pursuant Reserve thereto,
Class E-Real property; mortgages; other rights to land
7
this Circular and Public Circular No. 11, and Series K. may be obtained from any Federal of the
Class F-Patents, trade-marks, and copyrights; franchises
7
Bank, the Governor of any territory or possession of the United States, and the Secretary
Class G-Estates and trusts
8
Treasury, Washington, D. C.
Class H-Partnership and profit-sharing agreements
8
8
SECTION II-GENERAL INSTRUCTIONS
Cluss I-Insurance policies; annuities
Class J-Other property
8
A. Property to be reported.-
Section
IV. Detailed instructions for filling out form
8
Section
V. Additional instructions for banks
12
(1) shall be made Series K of Form TFR-300 with respect to ALL 1940, and with
Basic requirement.-Except as special provision to the contrary sppears PROPERTY in this Circular, subject
Section VI. Additional instructions for brokers
14
reports to the of the on United States on the opening of business on June 1, on the opening of
Section VII. Additional instructions to exporters and importers
14
jurisdiction PROPERTY subject to the jurisdiction of the United States national of
Section VIII. Additional instructions for insurance companies
14
respect business to on ALL 1, 1942, in which on the respective dates, or either direct of them, or any indirect. The
Section IX. Additional instructions for organizations issuing securities
18
Section
X. Additional instructions for trustees and other representatives of estates
the Philippine must be made whether any or not the property in or has been blocked or III of this Circular
January Islands had interest of any nature whatsoever, subjected to any
and trusts and for members of partnerships
16
reports restriction by or under Executive Order No. 8389, as amended. Section
Section XI. Table of exchange rates
17
classifies
property for in the purposes Philippine of reporting. Islands.-In accordance with the delinition Islanda should of "United pul be
(II)
States" (2) in Property Instruction C (3) below, property located in the 1, Philippine 1942.
reported with respect to either reported.-Heports June 1, 1940, which or January are required under reported this Circular must action be of
made (3) Property previously property involved has already been un in a made in
Form even TFR-300 though other some than or all Series of the K. Provision for reference to previous reports
Part F of Series K.
(1)
41166-42
Regraded Unclassified
2
3
B. Who must make report.-Excepi as apecial provision to the contrary appears in this
civigations of - parternibip, assestion, of other arganisation, has surb mind will e -
Circular (see particularly Instruction G, below), report must be made on Series K by:
anotial part of such Blarck, dama, Insula, determine num drafts, or other mountibe OF obligations
- not held by any one such foreign country and/or national used, such partiership, - 001
(1) Every national of the Philippine Islanda in the United States with respect to all property
paration un other organization shall be decemed to be à national of each of worb furvign signature. The
whatsoever subject to the jurisdiction of the United States on Junet, 1940, or January
Secretary of the Treasury shall have full power to determine that any premin in or shall lie desed to
1, 1942, in which on either or both dates he had any interest of any nature whatsoever,
be a "national" within the meaning of this definition, and the foreign muntry of which with person is
of shall be doemed to be & national. Without limitation of the foregoing, the term "estional" shall
direct or indirect;
also Include any other person who a determined by the Secretary of the Treasury 5/1 le. - to have liven,
(2) Kery person in the United States with respect to all property whatsoever held by him
elime such effective date, acting or purporting to act directly HE Indirectly for the lenefit or under de
nr in his custody, control, or possession, directly or indirectly, in trust or otherwise,
direction of & foreign country designated in this Order or national thered, MP herein defined.
and all debta or other obligations whatsoever owed by or asserted against him, and
It should be noted that the definition of "national" includes a eitizen of the United States
all contracts of any nature whatsoever to which be WMI A party, subject to the juris-
who has resided in the Philippine Islands at any time on or since January 1, 1942. However,
diction of the United States en June 1, 1940, or January 1, 1942, in which on either
sen the examptions provided by Instruction (4).
or both dates any national of the Philippine Islands had any interest of any nature
(2) "Philippine Islands."-With respect to reporte no Series K, the term "Philippine
whateoover, direct or indirect;
Islande" shall include, but not by way of limitation:
(3) Every partnership, trust, amociation, corporation, or other organization, organized or
existing under the lawa of the United States or of any state, territory, or district
(g) The Commonwealth of the Philippine Islands, and the Government thereof, on January
1, 1942, as well 88 any political subdivision, agency, or instrumentality thereof, or any
of the United States, or having its principal place of business in the United States,
territory, dependency, possession, or place subject to the jurisdiction thereof;
with respect to any shares of its stock, including any right or claim to ownership
(b) Any person to the extent that such person in or like been, or to the extent that there is
or control or participation in ownership or control thereof or profits or income de-
reasonable cause to believe is, or has been, since such effective date, seting or pur-
rived therefrom, or any equity in any of the foregoing, whether or not expressed
porting to act, directly or indirectly for the benefit or on behalf of any of the foregoing.
by written agreement or evidenced by any instrument, and with respect to all bonds,
debentures, notes, or other funded obligations or any equity therein, in any of which
"United States."-With respect to reports on Series K, the term "United States"
any national of the Philippine Islands had on either or both June 1, 1940, and January
(8) the United States and any place subject to the jurisdiction thereof, except the Philippine
1, 1942, any interest of any nature whatsoever, direct or indirect;
(4) Every agent or representative in the United States for any national of the Philippine
Irlanda, Doubt concerning necessity of reporting.-No person who is à national because of the of
Islands, having any information with respect to property subject to the jurisdiction
D. Islands and is required to report on Serios K in excusive from reporting concerning
of the United States on June 1, 1940, or January 1, 1942, in which on either or both
Philippine doubt he have as to his status M & national A person required to report such other as a
dates the national for which be was agent or representative had any interest of any
any of another may known to have had an interest in property should regard that such ather -
nature whatspever, direct or indirect, but such an agent or representative who files
property for the hereof, if be has any reasonable cause to believe be made when
A report in behalf of the national under paragraph (1) or reports under paragraph (2)
national be national purposes of the Philippine Islands. Similarly, a report should Islanda had an
above need not file a duplicate report under this paragraph.
or might a believe that a known national of the Philippine national had such
C. Definitions.-
intorest there is in reasonable certain property, cause to and also where there 10 reason to believe that a
(1) "Person" and "National".-The terms "person" and "national" are defined as follows
88 interest of the national is in doubt.
but the identity for different nationals.-^ separate report shall property be prade to be
in section 5 of Executive Order No. sass, as smended:
with B. Separation to each national of reports of the Philippine Islands who line any interest in in any one report For
organization. C, The term "person" timess an individual, parteemhip, association, curporation, ur viber
reported, but property owed debte to five different nationals that report in
respect all items of of each such person shall be included he will make five suparate
example, if the on person each reporting report all of bia debie to the particular national make for five whom superate reports,
E. The term "national" stall instade,
reports, listing If he owed one debt jointly to five nationals, lie will also cause to believe that a
(i) Any primium who has less domiciled in, or & subject, citizen or resident of - funds
made. is known or Unite is reasonable interest in or ad-
country at any time on un since the effective date of this Order,
laws of, or which en if sloce the offsctive date of this Order had or has had lis principal plase of
(II) Any partnemhip, association, corporation or other organization, organized under the
entering national the whole debt on each. If it any property is carried has BR each auch national
vorse claim upon property, well for the national in duplication by reason
other than the the national the in whose property name must be shown ou where a report name for is is carried. Any
business la such foreigo country, or which DR MF alne such effective date ITM or has Inen DOTE
trolled by, or & milistantial part of the stock, share, bonds, debensures, notes, drafts, or niber
evaritie or obligations of which, vas wr has been owned or controlled by, directly or indirently
duplication interested or in adverse reporting claimant the same Be property property as or debt or debt, en several shall not reports, IIF anyone from readering
work fundigo sountry and/or one or more nationale thereof an herein defined,
of
several
persons
reporting
the
same
(in) Any [efsun to the extent that such person in, or has been, since such effective dall.
ell reports required of him.
such furnign mustry, and
acting or purporting to act directly or indicently Inr the benefit or on behalf of any entional of
defined. (iv) Any other person who there la reasonable cause to believe la a "national" M before
F. (1) Time Time and and place place of of filing.-Reports filing report must be Bank excented of the and district filed in or quadrupticate the Governor on of like the or
foreign to country, such person shall le demed to be a antional of each person such foreign & country, le MY -
In any care las which by virtue of the foreguing definition a in national of muro than ODE
before Inrritory February or possession 28, 1942, of the with United the Federal States Reserve in which the or person if such filing person the line report no legal resides residence or or
tionale 35 thereof are sufficient la the aggregate to constitute, within the designated meaning of the foregoing
which the eimbined interests of two or nore foreign enontries in this Order and/nt (Ar
A or principal place of business or principal office or office agency or agency, in a Federal Bank Reserve of Now district York or of a territory the Federal
possession place of of business the United or principal States, then with the Federal Reserve
up per cestum or name of the stark, shares, bonds, debenture, notes, strafte, or what accurities (if
Regraded Unclassified
5
Reserve Bank of San Francisco, Persons reporting should retain a copy of each report filed by
No report need be made with respect to the property of a corporations OF other organization.
them,
which is a national solely because of control by or an interest of a person or pursons Becomed
(2) Discovery after February 38, 1042, that report is required.-If anyone fails to report con-
under General License No. 80, General License No. 81, or General License No. 82,
ceroing property of a person because he has no knowledge, notice, or other reasonable Chum to
H. Penalties.-
believe that such person is a national of the Philippine Islands, or that such person is internated
in certain property, he should file a report, with an explanation, BE soon an he acquires knowledge,
(1) Section 5 (b) of the Act of October 6, 1917 (40 Stat. 415), BA amended, applicable hereto
OF receives notice, UF has reasonable cause to believe that a report is required.
provides in part:
(3) Change of circumstances after February eH, 1942.-If under eircumstances existing on
Whenver willfully violates any of the provisions of this subdicision of of any license,
February 28, 1942, no report is required under any of the provisions of this Circular, with
order, rule or regulation issued thereunder, shall, upon conviction, be fined not more the $10,000,
or, if & natural person, may be imprisonal for not bioth than fen years, IF both, and any offer,
respect to property of n. particular person, a report need not be made concerning the property
director, or agent of any erroration who knowingly participates in such violation may be punished
of such person because of a change in his circumstances after that date, unless further provision
by a like line, imprisonment, of both.
for report is made pursuant to Executive Order No. 8389, as amended, and the Regulations
(2) Section 130.4 (c) (1) of the Regulations of April 10, 1940, as amended, issued under
issued pursuant thereto.
Executive Order No. 8389, us amended, provides:
G. When no report need be filed.-No report need be filed if any one of the follow-
All spaces in the report must be property filed in Reperts logid not to Les - proper form, of
ing enditions exists:
lacking in essential details, shall not be decemb to have bren filed lu compliance with the Order.
(1) If the total value of all property of any national which any one person would otherwise
1. Information regarding preparation of reports.-Anyone desiring information as to
be required to report was on both June 1, 1940, and January 1, 1942, less than 81,000,
whether or not he is required to make a report on Beries K of Form TFR-300 may apply to any
provided that this exemption shall not apply to the lease of a safe deposit box, to
Federal Reserve Bank.
patents, Inde-marks, copyrights, and franchises, to interests in partnerships, and
SECTION III-PROPERTY CLASSES
profit-sharing agreements, nor to property the value of which cannot readily be
determined, and provided further, that in arriving at the value of $1,000, no deduction
Before preparing any report read this Section in detail-This Circular requires reports on Form
shall be made for offsets, liens, or other deductions from gross value; or
TFR-300, Series K, of all property subject to the jurisdiction of the United States, in which
(3) If the national enherrning whose property a report would otherwise be required, is
any national of the Philippine Islands had any interest on either or both June 1. 1940, and
entitled to the benefits of General License No. 80, which reads in part,
January 1, 1942. In this Section property is classified for purposes of the reports. It is impera- the
A general Reques la hereby granted licensing as a generally licensed national any individual who
live that all property be entered under the correct type on Series K, which requires that
Im a citizen of the Communicalth of the Philippian Islands and residing only la the United States
person reporting state whether or not he has reported the value of all property be is called upon
(If in the priorally Increased trade area, M defined in General License No. 53,
to report therein.
(1) If the national concerning whose property a report would otherwise be required is
Class A-Bullion, currency, and deposite.-(1) Bullion, bothgold and silver; (2) Currency United
entitled to the benefits of General License No. 81, which reads,
and coin, United States and foreign; (3) Demand deposite payable in the United States maintained in
A general Bernan in hereby granted licensing as generally licensed nationals:
States dollars or foreign currency, including any and all demand deposits or accounts other
(a) The New York office of the Philipples National Bank; and
with bank or broker, or others, in the national's own name or jointly with one for or the unite
(6) The (dices within the United States and the generally licensed trade area, - defined
any which he has authority to draw, or maintained in some other name present he line
le General Lirense No. na, of the Hong Kong and Shanghai Banking Corporation.
persons, future or benefit on of the national, or in which the national has an interest, whether States or not dollars
(4) If the national concerning whose property a report would otherwise be required is
or the to draw thereon; (4) Other deposits payable in the United States in United accounts,
entitled to the benefits of General License No. 82, which reads in part,
IIP right maintained with any bank. broker, or others, including savings postal savings
The government of the Commonwealth of the Philippine Islands, the United States High Com-
tolesioner to the Philippine Islands, and all officers of the United States Government within the
compound interest and all other accounts, other than demand deposits, has authority to
foreign currency, accounts, accounts represented by certificates of deposit, maintained in the
Philippine Islands are liveby lleensed an generally licensed nationals; and all persons to the extest
accounts, and any or with one or more other persons, of on which he the national, or in
nationale, that they are acting for and on twhalf of the foreguing are hereby licensed or generally licroud
draw, national's or maintained own name in some jointly other name for the present or future henefit draw of thereon.
which whether or not be has the right in
In obtition, no report in required with respect to the property of any citizen of the
the national has an interest, securities.-(5) United Stated Government obligations, indebtedness, including savings all
United States residing in the Philippine Islands as a representative, agent, or employee
of the United States Government, or no a member of the military OF naval forces of the
stamps, coupons, obligations evidenced by financial guaranted AB
United States matured bonds, registered attached or or detached, and every other such securities direct guaranteed is to
Class B-Financial bearer, notes, bills, certificates of obligation of the
United States, who is B national of the Philippine Islands only by reason of residence
in the Philippine Islands in pursuance of his duties. No report need be made
with respect la the property of " citizen of the United States who in a national of the
principal by municipal, and other local government certificates of indebted-
United States or interest Government, the United and all States Government, but not obligations obligations, not so including
Philippine Islands only by reason of residence in the Philippine Islands as a meinber
of the family of a person covered by the preceding sentence or General License No. 62.
bonds, ness, and registered other bearer, such obligations of any state, territory, thereof, district, and of all municipal corpora-
to principal or interest: or (6) instured State, coupons, attached or deteched. notes, or possession of the United
Paragraph (1) of Public Circular No. 11 is hereby revoked so far as it requires
had an interest,
reports on Form TFR-300 with respect to property in which the Philippine Islands
States, and any of any agency or instrumentality towns, or subdivision townships, counties, parishes, similar irrigation obligations districts
school, tions, including, water, drainage, without limitation, and tax districts, cities, special authorities, and any other
Regraded
8
7
and including certificates of deposit with respect to any of the foregoing: (7) Honds V domestic
Class D-Miscelloneous personal property: personal property Ilens-(15) Warekown
curporations, including morigage bonds, registered or bearer, and matured coupons, attached or
receipts, bills of lading, and any and all other instruments, negotiable or otherwise, registrating
detached, debentures, notes, income bonds, and any other ovidences of funded debt, past den
claims to or on personal property; (16) Options and futures in communities, traded on any
ur to become due, and all receiver's OF trustee's certificates and similar instruments, and any
modity exchange, including any interest in, or present or future claims to, any eummodities
other obligation oridenced by an instrument, negotiable or otherwise, representing funded
or the proceeds of the sale of any commodities; (17) Goods and merchandise for business will,
corporate debt, executed or issued by or in the name of any corporation organized under the laws
except jewelry, etc., including stocks of raw materials, agricultural products, guode in process,
of the United States or of any state, territory, district, or possession thereof, including all mile
finished goods in stock or on consignment, goods on versels or otherwise in transit, other U.an
obligations of any agency or instrumentality of the United States not guaranteed Ad to principal
jewelry, precious stones, and precious metals; (18) Jewelry, precious stones, and provious metals,
or interest by the United States Government and including certificates of deposit with respres
other than bullion, whether held for personal use, or as stock in trade, or for other commercial
to any of the foregoing: (8) Common stocks of domestic corporations, of whatever class, voting Or
purposes: (19) Machinery, equipment, und livestock, for business use, all machinery or equip-
nonvoting, including debenture stock, participating stock, and any other type or kind of stock
ment on hand, stored, or in use, automobiles [business], trucks, automotive or otherwise, and
[other than proferred stock], interests in voting trusis, stock pools, and similar interests, and
other vehicles, office equipment and furnishings, and whatever due of like or similar type,
any trusted's certificates, by whatever name called, representing shares or beneficial interests in
automarily classified as machinery and equipment, vessels of any type and tormage, charter
any business trust or other type of unincorporated business organization except a partne-
parties, and all other interests represented by instrument or otherwise in the ownership, rights
ship; (0) Preferral stocks of domestic corporations, including all stock, voting or nonvoting, issued
to possession, use, or control of any vesel (other than maritime or other liens thereon]; form
by any domestic corporation, to which any preference of any kind attaches, over any other into
machinery and equipment, livestock; and all other tangible personal property used in the
of stock of that same corporation; (10) Foreign securities held in the United States, including
operation of any business or occupation; (20) Objects of art and furnishings for personal ner,
and other bonds, registered or bearer, and matured coupons, attached or detached,
including all art objecte, coin and stamp collections, housebold furniture and furnishings, automo-
debentures, nites, and any other evidences of funded debt, past due or to become due, negoliable
biles (personal), and all other tangible personal property not used for commercial purposes; (21)
or atterwise, executed or issued either within or without the United States by a foreign govern-
Lime on and claims to personal property, not otherwise classified, including trust receipts, hills
ment or any instrumentality, or agency thereof, whether or not incorporated, or by
of sale, contracts for conditional sale or resule, lease-sale arrangements, repurchase agreements,
any corporation OF other association or organization, business or otherwise, organized and exist-
chattel mortgages, pledges; maritime, cattle, timber, and crop lims; and all other instruments
ing under the lews of any country other than the United States, representing funded debt
not otherwise classified evidencing any lien on, or claim to, personal property, and all other Inne
thereof, and all stock, common or preferred of all types or kinde, end any other instrument by
00 or claims to personal property, not represented by any instrument by whatever name called,
whatever name called, representing shares or beneficial interesta in any such corporation, organ-
arising by agreement or by operation of law.
ination, or association and including certificates of deposit with respect to any of the foregoing;
Class E-Real property: mortgages; other rights to (and.-(22) Lands and buildings
(11) Warrants, scrip, rights, and options; other securities, warrants, scrip, rights, options, or
for personal use, including only property used exclusively 05 a dwelling by the national and his
other instruments evidencing the right to receivo, purchase, or acquire any financial security OF
family and not more than one other family; (23) Lands and buildings other than for personal
interest therein, absolutely or upon contingency, and all other contracts relating to the purchase
ser, including all property used as 6 dwelling other than that classified under type 22 proceding,
or sale of financial securities, issued or unimued; and any other financial securities whatsoever
all landa and the buildings, structures, and other improvements thereon used for commercial,
States or clsowhere.
or rights therein, commonly dealt in by bankers, brokers, and investment houses in the United
manufacturing, mercantile, agricultural, and other business purposes, and interesto therein;
ground rents, leaseholds, together with rents, accrued or to accrue, tax warrants, thereof enaments, or
Class C-Notes and drafts; debts to and claims by national.-(12) Checks, drafts,
ebare therein, reyalties, and any other rights in the lands of another: (24) Mortgages morigage IIII
mineral rights, oil rights, timber, and other rights in or to land OF the products real is
acceptances, and notes, including all checks, cashier's or official bank checks, sight drafts, time
drafte, banker's acceptances, trade acceptance, promissory notes, and any and all other notes,
property: other rights to land, mortgage bands, mortgage notes lother than corporate guaranteed
drafts, or bills of exchange, and payment orders and remittances; (13) Letters of credit, including
all similar instruments OF agreements, wherein the obligation of any bank thereunder wis
or deeda of trust, and any other bond, note, or other instrument secured whether
bends or notes represented by financial securities, mortgage participation certificates, by a lian
directly or indirectly at the request of, or for the account of, & national or extends to any national
otherwise, real or interest therein; contracts for the purchase and sale of real property, or liens, vested or
receive any payments in any amount pursuant to the terms of the letter of credit or in reimburse-
named in the letter of eredit, or otherwise known, who has any rights, contingent or absolute, to
any or not partially property executed, options, and any and all other rights or interesta in
exotingent, real property or upon an interest in real property.
ment for any mused portion thereof: (14) Debta, claims, demands, and contracts, including hook
Class F-Patents, and inventions, including patents, toute-marks, registered or intervet therein,
upon trade-marks, and copyrights: franchises-(25) unregistered, Patents, trade-marks, copy-
whether and including all other debts, claims, and demands due or past due for the payment of money
tracts, policies of insurance, and surety and indemnity bonds; draw-backs, rebates, and refunds;
accounts, accounts receivable, judgments, awards; indebtedness and claims arising under cop-
copyrights, and secret processes, or any present, future or contingent of trade-marks,
rights, and inventions, all rights incidental to the ownership parents, otherwise, immuni-
or not secured in any manner whatsoever [other than represented by an instrument
or agreements including pertaining applications thereto; therefor and licenses, by definition affecting IIT or involving the fore
national evidencing funded debt, or classified under some other typel, any due claimed to be dun to a
from any person or corporation residing or doing business or in the United States or
ties, and such assignments, but not relating by way of limitation, the right to receive reyalties, and any contracts by
copyrights, thereto, and any other contracts including royalties
subject and the to the jurisdiction thereof, except where the debt was payable only on special demand
going, and as, paid in advance, reciprocal licensing arrangements or otherwise, in transmitted of
and all place where due demand therefor could be made is not within the United States;and any
due unpaid, royalties of technical data, know-how, be exercised.
party or in which a national had any interest whatever, present or to vested A or contingent,
contracts and rights under contracts, not otherwise classified, which national was 5
which any information or in thorein the nature by which any license or privilege is granted unit, to examine or may or supervise
exchanged, to any right factory. or other productive other
executory the or parily executed, liquidated or unliquidated, regardless future, of the nature of the contract
the examine books thereof, the operations to inspect of any any plant, finished product, or to have the right of visitation or any
or nature and estent of the national's interest therein.
Regraded
Inclassified
8
9
such right tuchionial las or seguinte from the right to receive royalties or other compensation
property is reported, including them relating to his Matua as # national of the Philippine
(26) Franchises, concessions, licenses, and permits, by any of which any special right or privilege
Wands.
may be exercised affecting the commencement, continuation, or conduct of & business, or as an
4. Part A-
incident thereto.
(a) Name.-If the national is an individual doing business under à trade name, give that
Class G-Estates and trusts.-(27) Intereste in estates and trusts, each and every right
or interest, promit or future, absolute or contingent, in or to any of the property or estate of a
came in addition to his actual name.
(b) Type of organiantion.-With respect to individuals not engaged in business, insert a
deceased person, which may belong to the national or in which he has an interest, whether the
dash (-). Concerning other persons, indicate the legal nature of their organization, e. 7, indi-
same exists by reason of the provisions of a last will and testament or by operation of law in
vidual proprietorship, partnership, corporation, business trust, etc.
your of the intestacy of the deceased, and all other rights or interests, present or future, absolute,
(e) (Ntizenship.-If the national is not an individual, enter the name of the country, state,
revocable or contingent, belonging to the national or in which he has an interest, in or to any
district, torritory, or possession under the laws of which it is incorporated, OF if unincorporated,
property or fund held or controlled by a trustee or other fiduciary by whatever name described
in which it has its principal place of business. When the national is a subject or citizen of more
Class II-Partnership and profit-sharing agreements.-(28) Intereste under partnership
than one country state the name of each country, including the United States when that in one
and profit-shoring agreements, all partnership agreements, general, special, limited, or other
of the countries.
type, agreements for joint adventures; profit-pooling and profit-sharing agreements and any
5. Part B.-
and all other rights to receive, or share in, profite of partnerships, business trusts, or other non-
incorporated business organizations [not represented by n. financial security], whether or not
name in this Part, exactly (M) he signs the affidavit of the report, and should insers the number
(a) National reporting his own property - A national reporting his own property should sign
the rights granted under such agreement are security for a debt due, or as & manner or method
of Equidating such debt or otherwise.
his in the box in the upper right-hand corner of the Part. No other entry should be made, A
national 1 reporting his own property and also reporting property of another national or of nationals
Class I-Insurance policies; annuities.-(29) Surrender value of insurance policies;
should execute one affidavit for his own report and another affidavit for the reports property
present ralue of annuities, of all types, including pensions and endowments and pension and
endowment contracts, determined in accordance with standard actuarial practice.
with sub-instructions (b) and (c) below and the first such report should be numbered
of others. The reports for the other nationals should be prepared and numbered in 2. accordance
Class J-Other property.-(30) Other property, not classifiable under types I to 29, including
siate or country of which it is a citizen or under the laws of which is is incorporated ut, in B.
(b) in Part B, as indicated in the margin thereof, (a) its name, (b) its address, (c) if
Persons reporting property of others-A person reporting the property of another its business, should
any and all other proporty, real, personal, or mixed, tangible or intengible, or interest or interesta
therein, present, future, or contingent; debte due or to become due, claims, demands, actions,
chuse or Chings in action, or interest therein, not specified, mentioned, or referred to in any of the
forgaing proporty classrs designated "Class A" to "Class 1," inclusive.
unincorporated, defined in Section 5E of Executive Order No. 5380, as amended, is being
(d) the state in which it has its principal place of business, (e) if the person the reporting name of each
national of as which it is a national, and (f) its relationship to the national whose property etc. The state-
SECTION IV-DETAILED INSTRUCTIONS FOR FILLING OUT FORM
country trustee, nominee, custodian, debtor, banker, broker, affidavit under
reported, must E. g., be as agent, the same as the corresponding entries at the top of the by any method
1. Purpose of form-Secies K is to be used to report property of nationals of the Phillppine
ments the caption "Name precisely of person making report." The information may be given
Islands BY required under Public Circular No. 11 and this Circular. See particularly Instrue-
tions A, B, and C in Section II.
producing a readily legible impression, report including made on Series a rubber K by stamp. any me person with is to the be number numbered 1,
2, Instructions applicable to entire Series-
(c) Ber for in number,-Each the box in the upper right-hand of Part B, beginning in the affidavit of the report
(a) Reading Circular - II you have not already rend carefully Sections I, 11, and III of
consemtively and assigned to be stased in the space provided (a). above.
this Circular, do 30 before reading this Section. Persons coming within one of the classes of
form. the Nationals numbers BO reporting for are themselves must observe sub-instruction
persons for whom additional instructions have been provided in Sections V to X of this Circular
should also read the appropriate Section before attempting to prepare the reports.
6. Part C-Schedule I. requires the valuation of all the property of of this the Circular, national
(b) Annum required.-Each question on the Serior must be answered and all the specific
within (a) each General.-This type Schedule contained in (he classification and under not in any Section of the in other types of the
information called for must be given. When there is nothing to report under any question or
which property be followed strietly, but property not falling shall be reported under type 30 if
if information is lacking, Mate "No," "None," or "Unknown," as the cure may he, with an
classification must must be reported under type 30. No property
explanation if required, except that in Part C spaces not needed for reporting should de left blank.
it constitutes
No person in exeused from furnishing any information be reasonably should have.
(b) Valvation - Enter property reportable in Column 88 any (a) other the type. total value class of of Insires the items on of December each type 31, of property 1941, or,
yourself, nn additional copy of each report.
(e) Number of copies required.-File each report in quadruplicate. You should retain, for
if beld such no price January is not 1, available, 1942, at the nt the market estimated price value all the ou 1. may January be used 1, 1942: es a basis. In estimating Enter in value, Column 1940. the
3. Nationality.-Enter in this space the name of each other than the Philippine
Islands, of which the person whome property is being reported country, is n national, as defined in Section
last sale price or bid, if the reasonably items of each close type to January of property reported (a) 08 and being Column behl on (b). June In 1, other
in 5E of Executive Order No. 8389, as amended. If the person is national of foreign country
(b) The the January total value I, 1942, of unit value shall be used in both kind Column of property was held an both June If the 1.
Islands addition les being e national of the Philippine Islands, or if he a in national any of the Philippine
by reason of any fact other than having been a citizen thereof, a the facts determinity the
words, 1940, and if the same number 1, 1942, of enter units the of same a particular amount in 1940, Column was different (b) as in from Column the number (a). held
porting the property of en American citizen resident in the Philippine Islands DD or after Jan-
person's nationality must be stated in Part E. For example, Part E must be filled out in re-
number on January of January units 1, 1042, of 6 use kind the of name property per unit hold value on June with 1, respect to Culumn (b) as is used regarding
unry 1, 1942, In answering Part E, state all the facts concerning the nationality of the person
Regraded
Inclassified
10
11
Column (a), but apply de unit value (al the number of unite actually held on June 1, 1940. In
al low than $1,000. However, no reference whenever should les made to any invention with
any case where property was hold only on June 1, 1940, none of it being held on January 1, 1942,
the value should still be reported on the basis of the unit value on January 1, 1942, unless such
respect to which a secredy order has been issued by the Commissioner of Patents pursuant to
the Act of October 6, 1017 (40 Stat, 394), ne amended. Also list all items of property, the
value is not determinable, in which event the value of the property on June 1, 1940, abould be
value of which in not readily determinable, Except as provided in this paragraph, propurty
entered in Column (b). When the June 1, 1940, value is used, an appropriate notation should
items of a value less than $1,000 should not be listed in this Schodule, although the value of
be made.
each must be included in the total value of property of the appropriate type in Schedule I.
All amounts reported should be given in dollars, to the nearest dollar. Do that enter fractima
(b) Definition of property item.-A property item is any unit of property commonly bought.
of d dollar on the report. However, in determining the value of & property item consisting of
sold, assigned, released, or alienated, except that the total of wholly similar units of the same
more than one unit, fractions of a dollar in the unit value should not be disregarded. For
kind is regarded BB one item, such BS a number of certificates each for shares of stock of the MATTIP
example, if ten shares of a particular stock are to be reported and the value of each share Was
or B. number of bonds of the same issue, or several head of cattle. The total number of
$110%, so that the exnet total value was $1,163.75, you should enter $1,164 on the report.
units asue, of such property shall be stated, but in other respects the property may he treated entirely
(c) Value expressed in foreign currency - Property, the value of which was expressed in 5
opn item- Several bank accounts with the setur institution, or several debta payable by the
foreign currency, or which was to be paid or liquidated in a foreign currency, shall be valued
es same debtor, shall be itemized separately in this Schedule if the aggregate amount thereal
at the dollar value if dollar market value existed for such property itself; if not, the foreign
exceeds $1,000, even though each individual item in less then $1,000.
currency value thereof shall be converted into dollars, in accordance with the instructions
(e) Method of listing - Ruter in Column (u) the number of the property type in which the
relating to exchange rates given in Section XI of this Circular.
le included. Enter in Column (b) a short description IIF identification of the proporty
(d) Property of indeterminable ralue.-In reporting property of indeterminable value, enter
jlum item. In case of property, such as a patent. commonly referred to by number or other similar other
"indeterminable" under the appropriate property type in Schedule I and describe the property
designation, state briefly the object or nature of the property in addition to the number the or name
in Schedule III, BA required by Instruction 8, below. When property of determinable value
and property of indoterminable value are to be reported under one property type in Schedule I,
designation. and address of the person with whom the property was deposited or by whom it was which the
With regard to property other than debts and claims, enter in Cobumn (c) hold, and
the determinable amount should be entered under the property type without indication of the
property having indeterminable value, but descriptions of the items should be given in Schedule
give was kept. Respecting debte owed to and claims made by the national, If the
the number or other domignation of any safe deposit box or similar recoptacle state in the name
III in accordance with Instruction 8.
property address of the debtor and disregard the location of the evidence of indebtoiness. reporting"
() Intentories.-11 in the regular course of its business, a national engaged in business
property of the and address, Enter in Columns (d) and (ii) the value of provisions for
and was hold by or owed by the person reporting, it will million to state "Person each property
prepared inventories of merchandise, and machinery and equipment, or either, between July 1,
1941, and January 1, 1942, and between December 31, 1939, and July I, 1940, or during either
item in place on January name 1, 1942, and June 1, 1940, ne determined in accordance with the
of the foregoing perioda, and if the information required to be furnished in Schedule [ is not
valuation in Instruction 6, above.
available from other existing records of the national, such inventories prepared nearest to the
Continuation contained sheets.-Contination sheets identical in furm with inmilicient Schedule III BTP
respective reporting dates and the values indicated thereon may be used in filling out Schedule
provided (d) for the use of persons reporting who find the space in Schedule in or other
I, with appropriate notation of such use, including the dates of the inventories.
C.-Schedule IV.-Report in this Schedule any safe deposit box, the national's similar own
(f) Orders for goods.-Orders for goods and contracts for the sale of goods, including long
term merchandise contracta, need not be reported.
name receptable for the safe in which property belonging to the national was kept, otherwise.
0. Part keeping of property, (i) which was maintained in whether IIF
(9) Goods in transit.-Report is not required with respect to goods in transit, but all goods
not OF had jointly with thereto; others, and or (b) to which he had acciss M deputy, siate attorney, "Porson reporting" of in
held or stored by or for a national, including goods stored by carriers, must be reported.
When he in being made by the lessor or grantor, it will suffice to If the properly kept in the
(4) Agency, distributor's, and employment contracts.-Agency, distributor's, and employ-
the report and address of the lessor or granter. I and III of Part
ment contracts need not be reported, but report must be made of compensation due under
space provided box is known for the to name the person reporting, he must enter a in Schudules boxes themselves should
such a contract.
7. Part C-Schedule II-This Schedule requires a statement of the indebtedness of the
rafe C, as deposit appropriate, in addition to filling in this Schulule Safe deposit
national payable to persons in the United States, within each indebtedness type as classified
not be
reported elsewhere the information than in Schedule called IV, for in the questions under this items part listed must in be Part given C,
and described in the Schedule, State under each type only the total amount of indebtedness
10. Part D.-All and January 1. 1042, for ench of the property IV. If a property item or
of that type being reported. Nationals reporting for themselves should enter all their indebted-
no of both June 1, each 1940, of the safe deposit boxes reported in Schedule as of that date in Que answers
new of each type. Persons reporting concerning nationals should enter only the indebtedness
Schedule safe III and only date, give the information and by its description in
owed by the national to them. All amounts should be given in dollars, to the nearest dollar. Do
not enter fractions of a dollar. Indebtedness payable in foreign currency should be converted
each Part deposit C, item Schedule of box property was III. held shall Safe on be deposit designated one boxes shall by the be number identified of by its the sype number or other designation shall
of this Circular.
into dollars in accordance with the instructions relating to exchange rates given in Section XI
given
With in Schedule respect IV. to safe deposit boxes the phrase "any national inwrost" to enter in Question a box as deputy, 1 of Part attorney, D its
8. Part C-Schedule III.-
(a) Property items to be listed.-List in this Schedule, in the order in which the property types
include or otherwise, righte or (if privilegen other rights of persons of o person other than other the than the national with respect to the interest box or of
on June 1, 1040, or on January 1, 1942, or both, concerning which report is being made. Prop-
are given in Schedule I of this Part, each item of property of the value of $1,000 or more either
erty Class items included in Class F, i e, patents, trademarks, copyrights, and franchises, and in
contents. the national 11. Part of F.-Thé the Philippine requirements property Islands in the reported property en that reported If a previous report was
any of this Part do not estend on to check another in which write arose the after filed the
H, (. .,, partnership and profit-sharing agreements, shall be listed even though valued
date
or
dates
for
which
the
Regraded
Inclassified
12
13
with the Governor or High Commissioner of is territory IFC possession of the United States, miss
bank With regard un drafts include those drawn and accepted under OF purmiant in the
the name of the territory or possession in the column headed "Federal Reserve Bank with which
terms of any letter of credit.
report filed."
(iii) Letters of credit-Property type 19,-Under this type give the total mexpended IF
12. Affidacit.-
unused and then available amount of all letters of credit, whether or not prepaid, including
(a) Necessity of errention-The affidavit must be signed and sworn (affirmed) to before an
travelers' checks, outstanding on January 1, 1042, under which the national had any rights,
officer authorized to administer onths, whose seal must be affixed, Reports will not be Accepted
contingent or absolute, to receive any payments in any amount pursuant to the terms of
unless the affidavin in properly executed in every particular.
the lotter of credit or in reimbursement for any unused portints thereof. In determining
(6) Number of affidavits.-Exept an provided in Instruction 5 (a) above, only one affidavit
the unexpended or unused available amount of 6. letter of credit deduct from the face amount
is required to cover all exports made by any one person on Series K. The affidavit should be
thereof or from the upper limit of credit, if greater than the face amount the amount
filed in quadruplicate. Only one copy need be attested, but the other copies must be fully
of any drafts drawn and accepted thereunder, whether or not paid. No deduction or other
conformed except as to lhe notarial seal.
adjustment should be made for any cash or other cullatural or for any contingent liability
(e) Name of person making report.-With respect to a national reporting for himself, the
under the letter of credit on the part of the person nt whome request the credit was opened.
information given in this section of the affidavit must be exactly the same BE the corresponding
Cash collatoral should be reported under deposits. Other collateral should be reported
information in Part A of the report. In case of other persona reporting, the information must
under the respective property types.
be reartly the BAINP As the corresponding information in Part B of each report.
the items fall in the classification not out in Section III of this Circular, Proceeds State of
above to be included in deposits should be reported under the property type within which
(iv) Collection items- collection items other than those required by paragraph (i)
(d) Body of affidavit-A person reporting shall state in the spaces provided in the body of
the affidavit the consecutive numbers assigned to his reports in accordance with Instruction 5 (c)
above.
collection should in all cases be reported as a deposit. The hank within the United
(e) Who shall in behalf of partnerships shall be executed by 6. partner,
initially receiving an item for collection must report the item; its sub-agents need securities not report, beld
Affidavits in behalf of any other organization shall be executed by the president, vice-president,
(v) Financial securities held in Class H-11 the financial reasonable facility
secretary or some other principal officer authorized to make the report on behalf of the organiza-
in custody the reconde or of the bank, the but not the values thoreof, shown 1039,
ns collateral on June 1, 1940, eannes be ascertained with in the latest
tion. In case of a national reporting bis own property, the signature must correspond exactly
statement, June 1940, may be used to the Schodule. If values given in Column than June 1, 1940,
from audit, or reconcilement, if any, of the account unde between Docember (b) 31, of the
with that appearing in Part B of the report, in accordance with Instruction 5 (a) above.
SECTION V-ADDITIONAL INSTRUCTIONS FOR BANKS
and 1, based on a statement, outit, or reconclement of a date other "Custody"
Schedule are and state the date thereof at the end of the first page of the report. safe-keeping
1. Definition of "bank",-For the purposes of this Section only the term "bank" shall
so indicate customer's securities accounts, security depos or deposit accounts, of which are
mean any branch or office within the United States of any national banking association, bank,
shall include safe deposit boxes to which the bank has access and the contents accurities as agent.
private banker, that company, or savings bank, organized under the banking laws of the United
accounts, known to the bank, and any other form of custody in which 6 bank luilds
States, OF of any state, territory, district, or possimion thereof, or authorized under such laws
either alone or jointly with others.
to conduct the huminess of banking subject to supervision and examination pursuant to such
laws,
3. Part C-Schedule describing III.- deposits under Column (b), state in addition Attention to any in directed other per- to
2, Part C-Schedule 1.-
(a) Deposits.-In the name of the account and the account number. accounts with the same
(a) Property not required in be reported for June 1, 1840.-Letters of credit, certified checks,
drafts, acceptances, and collection items need not be reported by banks for June 1, 1940. How
institution the requirement be of itemized Instruction separately, 8 evell though each individual item cashier's is less and certified
tinent information (b) in Section IV that several bank than $1,000,
ever, all of these kinds of property must be reported for January 1, 1942.
shall and bank acciptances.-In describing the and
(A) Detailed instructions regarding extain kinds of property-
checks (b) under Cashier's Column and certified (b), state checks, in addition to any other pertinent should information include the date name of the
(i) Deposits-Property types 3 and 4.-Under each type give the total balance of
the The description of A bank acceptance of the nom.
the national's credit accounts of that type. The amount of items received for collection
nationality acceptance, of in addition payee. to the describing information letters necessary of credit to identification under enalit, Column - (b) for state example in addition whether
for the account of the national and credited to his account, whether provisionally or finally,
should be included under these types. Include also eight or cash items in process of rol-
to any (e) other Latters pertinent of credit.-In information (i) the type invormable, of the Intier or of revolving (comulative or non-
Jection for deposit, but the amount of any other kinds of items received for collection and
"confirmed" or "unconfirmed", revocable for of example "M night" or "scerptance, (iv) the thirty, person sixty, as
not credited should be reported under the appropriate property type.
cumulative), (ii) the terms of payment, could as draw under the letter of credit, etc.), and (v) any
(ii) Cashier's and certified checks, and bank acceptancen-Property type U-Undet this
type give the total amount of all cashier's, or other official bank checks, all certified checks,
and ninety days", the (iii) letter the of person credit who was opened (i. the sussive, The information purchaser, should be given in
and the total amount of all drafts accepted by the reporting bank drawn by or payable to
whose other relevant request terms or conditions of the letter of eralit. shereafter might be
the national, which were outstanding na of January 1, 1942. Include cashier's or other
official bank checks of the reporting bank purchased by the national and, when appropriate
the drawn order If the specified. the national national was and liable newpted to the under reporting the unitsed bank for portion in any Column drafts of a (b) love which the of words credit "Contingent reported balance as
records are available, such checks issued to his order. As to certified checks include checks
on the national's account, and, when appropriate records are available, checks payable to
the order of the national from an account with the reporting bank, certified by the reporting
property liability by of of national the national, under enter lotter as of part credit" of the followed description by the extres of the total united
Regraded Unclassified
14
15
of the letter of errdit OVER the total unused prepayment. if any, for the letter of credit, Lia-
bility of the national for acceptances actually oustanding and for the unused portion of letters
render or paid-up value prior to maturity should not lie reported. Do nil include policise of
of credit which are not required to be reported M property of the national should be entered
insurance, such as fire insurance, having no immediate value other than en imearned or return
under Schedule II.
premium. Give the values without deduction for loans or advances under of against the policy,
(d) Financial aveurities held in enstody.-If financial securities appearing in any statement,
which should be entered in Part C, Schedule II, with an appropriate notation at the end of the
audit, or reconcilement relied on under Schedule I are listed in this Schedule appropriate indi-
Schedule.
cation must be made.
(b) Annuity contracts.-Also report under property type 29 annuity contracts, pensions,
and other similar contracté and arrangements with an uncertained value, no defined in Instruction
SECTION VI-ADDITIONAL INSTRUCTIONS FOR BROKERS
1 (b), in which the national had an interest. Such contracts should be reported whether or not
payment under them had begun on either June I, 1940, or January 1, 1942, Give the values
1. Part C-Schedule 1.-
without deduction for loans or advances under (er against the contract, which should be entered
(a) Un of statement, audit, or reconcilement.-If the securities or other property held for a.
in l'art C, Schedule II, with appropriate notation at the and of the Schedule,
customer ou June 1, 1040, cannot be ascertained from the records of the broker, the property,
(e) Claims and indebtedness arising under insurance policies.Report in property type 14
but not the values thereof, shown in the latent statement, audit, or reconcilement, if any, of
claima and indebtedness arising under insurance policies in which the national had any interest.
the account made between December 31, 1939, and June 1, 1940, may be used in this Schedule,
Report must be made whether or not the claim or indebtedness is admitted. Include claims
In case of innetive accounts, mindited not more often than once in six months, the statement,
and indebtedness resulting from an election by the insured le take cash surrender value and the
andit, or reconcilement nearest to June 1, 1940, made between December 31, 1939, and July
like and those representing proceeds of a policy left with au insurer and the like, (M) well as claims
I, 1940, may he naed. If values given in Column (b) of the Schedule are based on a statement,
and indebtedness arising because of the occurrence of a contingency covered by a policy. Do
andit, or reconcilement of A date other than June I, 1040, 30 indicate, and state the date thereof
not include annuities in any way, except annuity installments actually accrued but unpaid.
at the end of the first page of the form.
State the amount of claims and indebtedness without deduction for loase ut offects due IIF
(b) Debit balances - No deduction shall be made for debit balances or other offects or claims
claimed to be due to the insurance company. Such loaus or offects should be listed in Part C,
by the broker reporting, that in, if the national had two accounts with the broker, one of which
Schedule II with appropriate notation at the end of the Schedule,
showed a emdit belance and the other a debit balance, the full amount of the credit balance must
be entered. Debit helances should be entered in Schedule II of this Part.
SECTION IX-ADDITIONAL INSTRUCTIONS FOR ORGANIZATIONS ISSUING
2. Part C-Schedule Il.-Rater in Column (a) the total amount of indebtednes in
SECURITIES
dollars as of January 1, 1942, and in Column (b) the total amount in dollars as of June I, 1040,
1. Scope of Seellon.-This Section relates to reports required by paragraph (3) under
Unrealized losses on puts, calls, and similar contracts on which the national in obligated, ae
Instruction B of Section II of this Circular to be made by organizations issuing financial accurities
well as unrealized losses on unissued securities, should be entered in this Schedule, with appro-
printe notation at the end of the Schedule, Indebtedness need not be itemized.
- defined in Property Class B. Benrer securities must be reported when the organization
reporting has any reason to believe that a national had an interest in them, as through a mailing
3. Part C-Schedule III.-]I property items appearing in any statement, audit, or recon-
address for dividends or for remittance of interral. The section does not apply to reports of
be made.
cilement relied on under Schedule I are listed in this Schedule, appropriate indication must
the interest of partners under B partnership contract or of obligations of other business enterprises
which do not constitute financial securities.
SECTION VII-ADDITIONAL INSTRUCTIONS TO EXPORTERS AND IMPORTERS
2. Separation of reports.-An organization making & report of securities as required by
this Section shall not include any other property, except dividends and interest as provided uniler
1. Part C-Schedule 1-The attention of exporters and importers is particularly directed
Instruction 4 (c), below. If an organization which has issued securities to 5 national holds
to sub-instructions (f), (g), and (b), in Instruction 6 of this Circular, providing that report need
other property for him, it must file two reports. However, all socurities issued by the organiza-
not be made with respect to orders for goods, goods in transit, and agency, distributor's and
tion in which a particular national has ML internet should be included in one report ereil though of
employment contracts, respectively. In addition, exporters and importers need not make any
different kinds, issues, or series.
of report with respect lo letters of credit, except that exporters and importere who are nationals
3. Part B.-A person reporting pursuant to this Section mumá enter under the exption
the Philippine Inlands must report their own interests in letters of credit.
"relationship" the words "Organisation issuing securities."
SECTION VIII-ADDITIONAL INSTRUCTIONS FOR INSURANCE COMPANIES
4. Part C-Schedule 1.-
(a) Valuation.-If the value of a accurity cannot fairly be ascertained by the method the
1. Dellnitions.-
provided in Instruction 6 (b), under Section 1V of this Circular, use the book value. When
(a) of Insurance policy" shall include when appropriate, but not by
book value on January 1, 1942 cannot be readily ascertained from the records of the organization and Janie-
way limitation, fidelity and surely bonds and contracts of reinsurance.
reporting, the value shown in a statement, audit, or report made between July 1, 1941, book value
beneficiary of a paid-up or partly paid-up contract, such na an annuity contract, to make a
(b) "Ateerlained value" shall mean the value at a given date to the
on January may 1, 1942, must be used. Indicate the method of valuation if the value
ary 1, 1942, be used, but when no such statement, audit, or report in available the other than
payment or payments in the future, computed in accontance with standand actuarial practice.
market of business on Docember 31, 1941, la used.
2. Part C-Schedule 1-
(6) value Record at date,-II the elose desired, the organization reporting may give the security June boldings 1, 1940, on of
(a) Insurance policies.-Report under property type 20 insurance policies with cash sur-
which & record not established of the holders of securities of B particular imme, provided, record date with
nationals, but the valuation of those holdings, as of the nearest date before however,
The render interest or paid-up value upon which the national had any right whatsoever to realize B. or draw.
was December 31, 1039. In such a case the and of
in no unmatured policy of a beneficiary who had no right to draw upon cash of
respect that such to date each shall issue not which be is prior reported Lo for the national should be stated clearly at the
page one of the report.
Regraded Unclassified
16
17
(e) Divulends and interest.-When stock or a similar security in repurted, Misker in property
3. Nationality-Report# for estates and trusts, other than (Fusile in which the
type 14 any amount due and owing to the national by reason of any dividend declared to stock.
bolders of record on or prior to either June 1, 1940 (or alternativo date), OF January 1, 1042.
interesta of the beneficiaries were represented by financial securities, shall state the country or
Do not include a dividend for which a check had been mailed in the regular course of business
countries of which the trust itself is a national, and in any case shall state the country or cimméries
of which each beneficiary of the trust is a national. Similar statement shall be made for partner-
unles the check had been returned undelivered, in which event the dividend must be included.
When funded debt or a similar obligation is reported, enter the amount of interest due and
ships. All entries made under the caption must be explained in Part E. If the only entries
payable, unlres the security was in default.
required are the countries of which the beneficiaries or partners, as the case may be, are nationals,
it will suffice to state that fact in Part E without further explanation.
5. Part C-Schedule III.-
4. Affidarit.-A trustee or other representative of a trust or estate need esocute only para
(a) Description of issue-In Column (b) describe each issue of securities of which the national
affidavit with respect to all reports relating to the trust, including reports of the interests of
had a holding, stating (i) the type of securities, i. E., bonds, notes, common stock, preferred
beneficiaries, but if he WAS trustee of more than one trust, a separate affidavit must be executed
stock, ele., and (ii) the full title of the issue. If the national had an interest in securities of
with respect to the reports relating to each truit.
more than one issue, the holdings of that issue should be described immediately after the general
SECTION XI-TABLE OF EXCHANGE RATES
description required for the issue, so that all the holdings of any one issue follow immediately
after the description of that issue without any intermingling of holdings of other issues,
Where the value of property is expressed in terms of foreign currency, such values aboutd be
(b) Description of each holding - In describing particular holdings of securities state in
converted into dollars at the rules of exchange set forth below, Where no rate is given for a
Column (b) the exact name in which the securities were held and the number of shares, or face
country, the latest rate nest before January 1, 1942, as generally quoted by foreign exchange
value of bends, as the case may be. When any of the holdings are shown as of a record date
dealers or other recognized sources of information shall be used. Such rate should be clearly
other than June I, 1040, the date should be stated in the description.
stated in the report. The exchange rates given in this table are for the only in preparing reporte
(e) Owumn (c)-An organization issuing securities may insert the word "Issuer" in this
on Form TFR-300, Series K, and are not intended to be used or relied upon in any other entree-
column.
tion or for any other purpose whatsoever.
SECTION X-ADDITIONAL INSTRUCTIONS FOR TRUSTEES AND OTHER REPRE-
E. &
U.S.
SENTATIVES OF ESTATES AND TRUSTS AND FOR MEMBERS OF PARTNERSHIPS
COUNTRY
Monetary Unit
Centa
COUNTRY
Monetary Unit
Cente
per
per
Cuit
1. General requirements for report.-
(nit
(a) Requirt of property of estate (IF trust.-Trustees or other representatives of estates and
trusts which are nationals of the Philippine Islands must report the trust property on Series K.
Peso
23.4
Japan
Yen
23. 4
Argentina
Mexico
Prso
20.6
In any event, the trustees (IF other representatives of trusts or estates in which an existing no-
Australia
Pound
323.0
timal, or nationals, of the Philippine Islands, as beneficiary had any interest, vested or con-
Belgium
Belga
17.0
Netherlande
Bolivia
Boliviano
2.2
Netherlands East Indies
Guibler
sa 0
tingent, obliged to be reported, including interests in income, shall report the property of the
Milrela
5.1
Netherlande West Indice
trust on Series K, when the total national interests on either or both June 1, 1940, and January 1,
Brasil
Now Realand
Pognd
321 0
Rupee
80.2
Britleb India
Kinse
21. 0
1942, exceeded 25 percent of comparable interesta in the trust. The report for the trust should
Bulgaria
Lev
1.2
Norway
Ballen
100 0
contain on a suitable attached sheet a brief but definite description of the rights of all existing
Dollar
$1.0
Panama
Sel
is #
Canada
beneficiaries who are nationals of the Philippine Islands.
Peso
3.2
Peru
MI o
Chile
Philippine Inlando
Post
AS
(b) Report of beneficiary's interest.-A trustee or other representative of an estate or trust
China
Yuan
Boy
20. a
57.0
Puland
shall report any reportable interest of a beneficiary under a trust, with a clear reference to the
Columbia
Peso
40
100.0
Portugal
Cube
Peso
Leu
.8
report, if any, required for the trust. Except in the case of specific devises, legacies, or bequests,
10.3
Humania
Deumark
Roble
19. o
Kruns
the beneficiary's interest should he reported under property type 27 only. A description of the
Sucre
0.7
Rumia
Feuador
Prend
395 e
415. 4
South Africa
0,0
rights of the beneficiary, similar to that required on reports for trusts, should in any case be given
Egypt
Pound
Pound
404.0
Spain.
Ihillar
47. 2
on the report for the beneficiary. None of the exacts of the trust should be entered no the
Eire
20
Straile Besilement
Krona
21. 9
report for the beneficiary but the total amount of such assets should be given with the description
Finland
Markka
2 $
Sereden
Fraup
23 a
of the beneficiary's rights, If more than one national was a beneficiary, a separate report must
France
France
Plaster
23.0
Pound
75.0
be made for each.
French Indo China
40,0
Torkey
Reichemark
Pround
sna o
Germany
.7
United Kingdom
52 7
(c) Business trusts.-Trusteen of business trusts in which the internsts of beneficiaries are
Greece
Drachma
Peso
represented by financial securities should report the property of the trust if the trust itself is il
Hong Kong
Dollar
23,1
Bolivar
26.0
19.3
Venezuela
Hungary
Penga
Dinar
20
national, and should file separate reports with respect to the interests of each national beneficiary
5.3
Yuguelavia
in accordance with the instructions to organizations issuing securities given in Section IX of this
Italy
Lira
Circular. The preceding sub-instructions do not apply to such business trusts.
(d) Partnerships.-Principles analogous to the requirements of sub-instructions (a) and (b),
above, the should be applied by members of partnerships with respect to partnership property and
E. H. FOLEY, Jr.,
interesta of the members.
Acting Secretary of the Triasury.
tive X." may enter his own name followed by an appropriate phrase, #. M trustee under the will
2. Part 4.-In reporting the property of a trust or estate the trustee or other representa-
of
Regraded Unclassified
PUBLIC CIRCULAR NO. 4B-Instructions for Preparing Reports of Property in Which Nationals of the
Philippine Islands Have an Interest
Detailed instructions for preparing Philippine property census reports.
CIRCULAR PÚBLICA NO. 4B-Instruceiones para preparar los Informes sobre Interés propledad en la cual los
cludadanos de las Islas Filipines tengan participación 0
Instrucciones pormenorizadas para preparar los informes sobre censos de propiedad
filipina.
Regraded Unclassified
NECESSITY OF, AND APPLICATIONS FOR, SPECIFIC LICENSES RELATING TO
PATENTS AND INTERESTS THEREIN, FILING OF REPORTS ON FORM TFR-300
TREASURY DEPARTMENT
Office of the Secretary
September 3, 1941.
PUBLIC CIRCULAR NO. 5
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGU-
LATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.®
(1) Reference is made to General License No. 72. Attention is directed to the fact
that this general license does not authorize any person who is a national of any blocked
country to file or prosécute applications for letters patent in any foreign country, to receive
letters patent granted pursuant to such applications. or to pay any fees to any foreign
country in connection therewith. This general license does not authorize the payment of
fees to attorneys or representatives in the United States or in foreign countries for services
rendered in connection with any transaction authorized by such general license and does
not authorize the effecting or recording of any assignment, grant, encumbrance, creation
of a license, or execution of any agreement or arrangement of, under or with respect to
any patent, application therefor, license thereunder or interest therein, in which any blocked
country or any national thereof, has on or since the effective date of Executive Order No.
8389, as amended, had any interest.
(2) Applications for specific licenses relating to patents and interests therein may be
made to the appropriate Federal Reserve Bank on Form TFE-1. Such applications should
contain in addition to other information required the following:
(a) Whether an application for letters patent has been filed in, or letters patent
issued by. the United States Patent Office if such application or letters patent
are involved in, or in any manner affected by, the transaction in question:
(b) If any such application is on file in the United States Patent Office, a true
copy thereof should be attached to and made a part of the application for a
Treasury license. If letters patent have been issued by the United States
Patent Office, a copy thereof should be attached to the application for a
Treasury license; and
(c) A brief nontechnical description of the nature of the invention or design
covered by such application or letters patent, indicating the use to which such
invention may be put.
(3) Attention is also directed to the fact that the Regulations require that reports on
Form TFR-300 shall be filed with respect to any patents, applications therefor, assign-
ments thereof, or licenses relating thereto, or any present, future, or contingent interests
therein, agreements pertaining thereto, and any other contracts affecting or involving the
foregoing, such as the right to receive royalties, licensing arrangements and contracts by
which any information in the nature of technical data or otherwise is transmitted or
exchanged, in which on either or both June 1, 1940, and June 14, 1941, any foreign
country or national thereof had any interest of any nature whatsoever, direct or indirect.
In the case of China, Japan, or nationals thereof, a report of the aforementioned interests
is required as of July 26, 1941. Attorneys who have in their possession any property in
which any of the interests referred to above exists, are required to file a report thereof on
Form TFR-300.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
1940, . as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
Part 131:-Sec. 5(b), 40 Stat. 415 and 966; See. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
PUBLIC CIRCULAR No. 5-Patents
General License No. 72 does not permit any blocked national to do any acts in connection
with the obtaining of any patent in any foreign country (whether or not such country is blocked).
General License No. 72 does not authorize any payments to patent lawyers or other agents in
the United States, or elsewhere, for services rendered in connection with transactions author-
ized by General License No. 72. General License No. 72 does not authorize any assignment of
a patent in which a blocked national has an interest or any similar transaction.
Applications for specific licenses relating to patents must include a copy of the patent or
patent application to which they relate and a description of the patent and its uses. Interests
of foreign nationals in patents, patent applications, patent licensing agreements, agreements
concerning the interchange of information about patents, etc., must be reported on the foreign
property census reports. Patent attorneys having in their possession property in which any
of the above interests exist must report on the foreign property census reports.
CIRCULAR PÚBLICA NO 5-Patentes
La Licencia General No. 72 prohibe a los ciudadanos de un país bloqueado tomar medida
alguna tendiente & obtener una patente en un país extranjero (ya sea que dicho país esté o no
bloqueado). La Licencia General No. 72 no autoriza el pago de ninguna suma a los abogados
de patentes o a otros agentes en los Estados Unidos, o en cualquiera otro país, por concepto de
servicios prestados en lo tocante & transacciones autorizadas en la susodicha Licencia. La
Licencia No. 72 no autoriza el traspaso de patente alguna en que un ciudadano de un país
bloqueado tenga participación ni autoriza tampoco ninguna otra transacción similar.
Las solicitudes que se hagan para obtener licencias sobre el uso de patentes deben ir acom-
pañadas de una copia de la patente o patentes a que se refieren y de una descripción de la
misma y de los fines a que se destina. En los informes sobre censos de propiedad extranjera
debe hacerse constar la participación que tengan los ciudadanos extranjeros en patentes, en
registro de las mismas, en acuerdos para poder usarlas o en acuerdos referentes al intercambio
de ellas o al suministro de datos sobre las mismas. En dichos informes sobre censos de pro-
piedad extranjera se debe hacer constar cualquier propiedad en poder de abogados de patentes
en la cual alguno de los intereses antes mencionados tenga participación.
DENIAL OF APPLICATIONS FOR LICENSES TO EFFECT CERTAIN PATENT AND
COPYRIGHT TRANSACTIONS, WHICH INVOLVE TRADE OR
COMMUNICATION WITH ENEMY NATIONAL
TREASURY DEPARTMENT
Office of the Secretary
Foreign Funds Control
May 8, 1942.
PUBLIC CIRCULAR NO. SA
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULA-
TIONS ISSUED PURSUANT THERETO, RELATING TO FOREIGN FUNDS CONTROL*
Reference is made to General Ruling No. 11. In view of this general ruling, it will be
the policy of the Treasury Department to deny applications for licenses to effect the follow-
ing transactions if they involve trade or communication with an enemy national:
(1) The filing and prosecution in enemy territory of all patent, petty patent,
design, or copyright applications and the payment of fees in respect thereof; or the
payment of any fees, including maintenance fees, on patents, petty patents, designs, or
copyrights in enemy territory.
(2) The filing and prosecution of patent applications, design applications, and
applications for copyright, and the payment of any fees in connection therewith, in the
United States on behalf of enemy nationals, except in cases in which approval of an
application to file or prosecute a patent, design, or copyright application is requested
by the Alien Property Custodian.
Attention is directed to the fact that none of the foregoing transactions are authorized
by General License No. 72, or by any other license which does not refer expressly to
General Ruling No. 11, if they involve any trade or communication with an enemy national.
The transmission or receipt after March 18, 1942, of papers or documents relating to
patents, patent applications, etc., directly or indirectly to or from an "enemy national" are
included within the meaning of "trade or communication with an enemy national".
General License No. 72, of course, continues to be in effect with respect to the filing
and prosecution of patent applications in the United States and other transactions
authorized therein, in cases which do not involve trade or communication (after March 18,
1942) with an enemy national.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
8832, July 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regula-
gress, 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order
. Part 131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1, 54 Stat. 179: Public No. 354, 77th Con-
tions, April 10, 1940, as amended June 14, 1941, and July 26, 1941.
PUBLIC CIRCULAR NO. 5A-Acts Pertaining to Patents or Copyrights Which Involve Trade or Communi-
cation With Enemy Nationals
Public Circular No. 5A announces that the Treasury Department will not license the
acquisition of patents and copyrights, or the payment of patent and copyright fees, in enemy
territory. Moreover, the Treasury will not license the acquisition of patents and copyrights,
or the payment of patent and copyright fees, in the United States for the account of enemy
nationals.
CIRCULAR PÚBLICA NO. 5A-Actos referentes a patentes o derechos de propledad que Impliquen comercio o
comunicación con cludadanos de países enemigos
Esta circular declara explícitamente que la Secretaría del Tesoro no autoriza la adquisición
de patentes o derechos de propiedad, ni el pago de honorarios de patente o de derechos de
propiedad en territorio enemigo. Además, dicha Secretaría no autoriza tampoco la adquisición
de patentes y derechos de propiedad, ni el pago de honorarios de patente y derechos de propiedad
que se hagan en los Estados Unidos por cuenta de ciudadanos de países enemigos.
Regraded Unclassified
ATTACHMENT OF FORM TFEL-2 TO OBLIGATIONS ISSUED BY GOVERNMENTS AND
CORPORATIONS OF BLOCKED COUNTRIES
TREASURY DEPARTMENT
Office of the Secretary
September 13, 1941.
PUBLIC CIRCULAR NO. 6
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULA-
TIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN
EXCHANGE, ETC.®
(1) Any licenses which may be issued permitting the redemption or purchase for sink-
ing fund purposes or other purchase for blocked accounts of bonds, debentures or similar
obligations issued by governments of blocked countries, including political subdivisions,
or by corporations organized under the laws of any blocked country, will be so limited as to
allow such redemption or purchase only of such securities to which Treasury Department
Form TFEL-2 has been previously attached or affixed by, or under the direction of, the
Treasury Department.
(2) Applications for the attachment of Form TFEL-2 should be filed on Form
TFE-2A with the Federal Reserve Bank for the district or with the Governor or High
Commissioner of the territory or possession of the United States in which the applicant
resides or has his principal office or agency. Copies of Form TFE-2A may be obtained
from any such Federal Reserve Bank or Governor or High Commissioner or from the
Treasury Department, Washington, D. C.
(3) Attention is called to the fact that persons acquiring any such securities on or after
September 15, 1941, to which Form TFEL-2 has not been attached, are required in Form
TFE-2A to furnish much more complete and detailed information concerning the past
ownership of the securities than is required of persons who have owned such securities con-
tinuously since prior to September 15, 1941. Whereas the former are required on Form
TFE-2A to trace the ownership of such securities through April 8, 1940, in order to obtain
the attachment of Form TFEL-2, Form TFE-2A only requires the latter to trace the own-
ership of such securities from the person from whom they have acquired them.
(4) Any person acquiring any such securities under a contract made prior to Septem-
ber 15, 1941 even though delivery of the securities may have been effected on September
15, 1941, or within a reasonable time thereafter, need trace ownership only from the person
from whom the securities were acquired, provided the Treasury Department is furnished
with satisfactory evidence that the contract was made in the normal course of business
through or with a domestic bank or broker or dealer.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940, as
amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
FOR IMMEDIATE RELEASE,
PRESS SERVICE
Saturday, September 13, 1941
No. 27-51
As a further step to prevent the sale in this country of securities which have been
looted abroad, the Treasury today announced that persons holding blocked foreign bonds
should make application to the appropriate Federal Reserve Bank to have a clearance
certificate attached to such securities. This will also prevent the depletion of blocked
dollar balances through devious transactions in blocked foreign bonds and serve to carry
out the other objectives of the freezing orders.
Hereafter any licenses issued under the freezing orders will limit the redemption, etc.,
of bonds, debentures or similar obligations issued by the government of any blocked
country or by corporations organized under the laws of such country to securities bearing
a clearance certificate on Treasury Form TFEL-2.
The Treasury stated that bona fide holders of such securities since prior to September
15, 1941 should experience little difficulty in clearing their securities. Persons acquiring
such securities on or after September 15, 1941 which do not bear a clearance certificate may
experience considerable difficulty in obtaining the attachment of such form and will be
asked to trace the ownership of such securities since April 8, 1940. It was emphasized that
while the owners of such securities since prior to September 15, 1941 could continue to
hold the securities after such date without prejudicing their chances of obtaining the
necessary clearance, anyone acquiring such securities on or after September 15, 1941 should
make certain that Form TFEL-2 had been attached prior to purchase.
Previous regulations issued by the Department have already imposed restrictions
upon the importation of securities as well as on dealings in securities held abroad or
bearing foreign stamps.
Details regarding the new requirements appear in Treasury Department Public
Circular No. 6 issued today under the freezing orders.
PUBLIC CIRCULAR NO. 6-Attachment of Form TFEL-2 to Prevent the Sale of Looted Securities in the
United States
Only those securities issued by blocked countries or by corporations organized in blocked
countries which have & special Treasury Form attached may be redeemed, purchased for sink-
ing fund purposes, or purchased for blocked accounts.
This special form is made from an engraved plate so as to avoid the possibility of counter-
feiting. It is attached to securities only after filing of an application which gives the history
of the securities, and a description of the security is marked on the special form so that it
cannot be transferred to another security.
CIRCULAR PÚBLICA NO. 6-El Modelo TFEL-2 debe obtenerse para Impedir la venta en los Estados
Unidos de valores comisados
Unicamente aquellos valores emitidos por países bloqueados, o por corporaciones organizadas
en países bloqueados, que vayan acompañados del Modelo Especial expedido por la Secretaría
del Tesoro podrán redimirse, comprarse para fines de amortización o para abonarlos a cuentas
bloqueadas. Este modelo especial se imprime de una plancha grabada para evitar la falsi-
ficación, y se adhiere a los valores una vez que se haya recibido la solicitud en que conste
la historia completa de dichos valores, procediéndose luego & hacer en el modelo especial una
descripción del título de que se trate para que el Modelo Especial no pueda traspasarse a otros
títulos u obligaciones.
REMITTANCES TO CHINA UNDER GENERAL LICENSES NOS. 32 AND 33 TO BE
EFFECTED AS PRESCRIBED IN PARAGRAPH (1) (c) OF GENERAL LICENSE NO. 75
TREASURY DEPARTMENT
Office of the Secretary
November 12, 1941
PUBLIC CIRCULAR NO. 7
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO
TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
General Licenses Nos. 32 and 33 shall not be deemed to authorize remittances to any
individual in any part of China, except Manchuria, unless such remittances are effected in
the manner prescribed in paragraph (1) (c) of General License No. 75, namely, by a
domestic bank paying the dollar amount of the remittance to a designated agent of the
Central Bank of China for the account of an appointed bank.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
.
Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Regraded Unclassified
PUBLIC CIRCULAR NO. 7-Remittances to China Under General Licenses Nos. 32 and 33 Must Be Made In
Accordance With General License No. 75
General License No. 75 requires remittances to China to be made to a designated agent
of the Central Bank of China for the account of a bank cooperating with the Stabilization
Board of China.
Public Circular No. 7 announces that this requirement also applies to remittances to
individuals in China under General Licenses Nos. 32 and 33.
CIRCULAR PÚBLICA NO. 7-Las remesas a la China autorizadas bajo las Licencias Nos. 32 y 36 deben
hacerse en conformidad con la Licencia General No. 75
La Licencia General No. 75 requiere que las remesas con destino & la China se envien a
un agente designado del Banco Central de la China para acreditarlas & la cuenta de un banco
que esté cooperando con el Consejo de Estabilización de la China.
La Circular Pública No. 7 hace constar que este requisito se aplica también & las remesas
hechas 8 particulares en la China, autorizadas por las Licencias Generales Nos. 32 y 33.
REVOCATION OF JAPANESE LICENSES AND AUTHORIZATIONS
TREASURY DEPARTMENT
Office of the Secretary
December 7, 1941.
PUBLIC CIRCULAR NO. 8
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGU-
LATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN
FOREIGN EXCHANGE, ETC.*
All general licenses, specific licenses, and authorizations of whatsoever character are
hereby revoked in so far as they authorize, directly or indirectly, any transaction by, on
behalf of, or for the benefit of, Japan, or any national thereof.
H. MORGENTHAU, JR.
Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940, as
amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
December 8, 1941.
The Treasury Department calls the attention of all banking institutions and other
interested persons to the fact that the revocation by the Treasury Department in Public
Circular No. 8 of all outstanding general and specific licenses in so far as they authorize
any transaction by, or on behalf of, or for the benefit of, Japan and her nationals has,
among other things, the following significant immediate effects:
(1) No Japanese national now has the status of a generally licensed national. In this
connection, attention is called to the following:
(a) Japanese nationals resident in this country are blocked under the freezing
Order, irrespective of the length of their residence in this country;
(b) No Japanese bank, business enterprise or other organization now has the
status of a generally licensed national, including the Yokohama Specie Bank, Ltd. and
all its branches, the Bank of Taiwan, the Sumitomo Bank of Hawaii, the Sumitomo
Bank of California, the Sumitomo Bank of Seattle, and the Pacific Bank, Honolulu.
(2) No withdrawals whatsoever are allowed from any account in any banking institu-
tion, if Japan or any national of Japan, has any interest in such account. This includes with-
drawals for living expenses as well as for any other purpose.
(3) No withdrawals whatsoever are allowed from any safe deposit box by Japan or
any national of Japan, and access is not allowed to any safe deposit box in the contents of
which Japan or any national of Japan has any interest.
(4) No remittances in any amounts whatsoever may be made to Japan or any national
of Japan, wheresoever located, including remittances to United States citizens resident in
Japan.
(5) No trade transaction with any part of the world, including trade with Latin
America, in which Japan or any national of Japan has any interest may be effected.
Regraded Unclassified
PUBLIC CIRCULAR NO. 8-Revocation of All Japanese Licenses and Authorizations
On December 7, 1941, all licenses Pellic Organize and authorizations were revoked to the extent that
they authorized any transaction in which Japan or any national thereof had an interest.
CIRCULAR PÚBLICA NO. 8-Derogación de todas las licencias y autorizaciones japonesas
El 7 de diciembre de 1941 se revocaron todas las licencias y autorizaciones hasta el grado
en que permitian hacer cualquier transacción en la cual el Japón o alguno de sus súbditos
tuviera participación o interés.
CERTAIN GENERAL LICENSES, WHICH WERE REVOKED BY
PUBLIC CIRCULAR NO. 8, REINSTATED
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
December 20, 1941.
PUBLIC CIRCULAR NO. 8A
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.®
All general licenses other than those listed below are hereby reinstated to the extent
that they were revoked by Public Circular No. 8.
General License No. 56
General License No. 58
General License No. 59
General License No. 60
General License No. 61
General License No. 63
General License No. 65
General License No. 66
General License No. 68
General License No. 69
General License No. 75
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, and 1941. Ex.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April Order 10, 1940, 8963, as
December 9, 1941; Regulations, Ápril 10, 1940, as amended June 14, 1941, and July 26,
19 R&AW MODIVA
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*OTS ADVAHOXE HL
The Treasury Department today reinstated certain general licenses under the freezing
Order in their application to Japanese nationals. It will be remembered that on December 7,
1941, all general and specific licenses were revoked in so far as they concerned Japanese
nationals.
8 an mini) sildul vd belows 513W (96)
Public Circular No. 8A, issued today, authorizes Japanese nationals to pay taxes and
fees to the Federal and State governments, to deposit their funds in blocked accounts in
banks, and to engage in certain other limited types of financial transactions under proper
safeguards.
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Regraded Unclassified
PUBLIC CIRCULAR NO. 8A-Reinstatement of Certain General Licenses Authorizing Particular Transac-
tions Involving Japanese Nationals' Interest
Public Circular No. 8, revoking all Japanese licenses on December 7, 1941, was a temporary
measure, and as other controls were adopted, the Treasury Department reinstated all general
licenses revoked by Public Circular No. 8, except General Licenses Nos. 56, 58, 59, 60, 61, 65,
66, 68, 69, and 75.
CIRCULAR PÚBLICA NO. 8A-Restablecimiento de clertas Licencias Generales que autorizan transacciones
particulares en que los súbditos japoneses tienen participación
La Circular Pública No. 8 que el 7 de diciembre revocó todas las licencias japonessas, fué
una medida de carácter temporal, y tan pronto como se adoptaron otros sistemas de control
la Secretaría del Tesoro restableció todas las licencias generales que había revocado la Circular
Pública No. 8, con excepción de las Licencias Generales Nos. 56, 58, 59, 60, 61, 65, 66, 68, 69
y 75.
Regraded Unclassified
REVOCATION OF LICENSES AND AUTHORIZATIONS REGARDING CERTAIN
OBLIGATIONS OF GOVERNMENT OF DENMARK
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
December 24, 1941.
PUBLIC CIRCULAR NO. 9
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.*
All general licenses, specific licenses, and authorizations of whatsoever character are
hereby revoked insofar as they authorize, directly or indirectly, any of the following
with respect to any bond, debenture or similar obligation, including coupons (all of which
are hereinafter referred to as securities) issued by the Government of Denmark, or any
political subdivision, agency or instrumentality thereof:
(a) the removal of such securities from blocked accounts of Denmark, or any
person within Denmark, or from any General Ruling No. 6 account; or
(b) the presentation, by or on behalf of or for the benefit of Denmark, or any
person within Denmark, or any General Ruling No. 6 account, of such securities for
payment or redemption; or
(c) the sale or other disposition of such securities by or on behalf of or for the
benefit of Denmark, or any person within Denmark, or any General Ruling No. 6
account,
provided, that this Public Circular shall not be deemed to prevent the completion on or
prior to December 27, 1941, of purchases and sales of such securities (other than detached
coupons) which were made pursuant to the order on or before December 24, 1941.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, and Ex. Order
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1: 54 Stat. 179; Ex. Order 8389, April 10, 1940, 8963, as
December 9, 1941; Regulations, Ápril 10, 1940, as amended June 14, 1941, and July 26, 1941.
MATHRD OMBORADOR 48A CREDU to MOTTH
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TREASURY DEPARTMENT
Washington
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FOR IMMEDIATE RELEASE
PRESS SERVICE
Wednesday, December 24, 1941
No. 29-28
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The Mirrister of Denmurk to the United States has informed the Secretary of the
Treasury that coupons falling dtre January f, 1942; on Kingdom of Denmark 6 percent
External Gold Bonds, due January I, 1942 will not be paid in dollars if held by Denmark
or persons within Denmark. The Danish Minister has requested the assistance of the
Secretary of the Treasury/ ins making this limitation effective:
la view of this. request, the Treasury Department. today. issued Public Circular No. 9,
which revokes all outstanding, licenses and authorizations to the extent. that they would
otherwise permit sale, presentation for payment. or. redemption, as other disposition: on
behalf of. Denmark or persons within most Denmark, of such coupons and other Danish
securities.
3
The text. of the letter fromathe Danish Minister is as follows:.
"E beg the inform- you that the Kingstom: of Denmark: is desirous. of paying the
coupons falling due on January 1, 1942, of the Kingdom of Denmis 20ay CMF 0 present
External Gold Bonds. It is. planned to. exclude: from. payment in dellars the coupons
presented on behalf. of Denmark or persons within Denmark
"It will facilitate this program if appropriate restrictions are imposed upon trans-
actions and dealings for the account of Denmark or persons within Denmark in Danish
securities. Accordingly, I would appreciate your imposing the necessary restrictions."
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Regraded Unclassified
PUBLIC CIRCULAR NO. 9-Revocation of Licenses Relating to Danish Government Obligations
All licenses are revoked so far as they permit removal of Danish Government bonds and
coupons from blocked accounts of Denmark, or of persons within Denmark.
All licenses are revoked so far as they permit the removal of Danish Government bonds
and coupons from any General Ruling No. 6 account.
All licenses are revoked 80 far as they permit the redemption, sale, or payment on behalf
of Denmark or any person within Denmark of Danish Government bonds and coupons.
All licenses are revoked so far as they permit the redemption, sale, or payment of Danish
Government bonds and coupons which are in any General Ruling No. 6 account.
This public circular permits the completion on or before December 27, 1941, of purchases
and sales of Danish Government bonds and attached coupons provided that such purchases
and sales were made lawfully on or before December 24, 1941.
CIRCULAR PÚBLICA NO. 9-Revocación de licencias sobre obligaciones del gobierno danés
Por virtud de esta circular quedan revocadas todas las licencias que permitan retirar de
las cuentas bloqueadas de Dinamarca o de personas residentes dentro de sus fronteras, los
bonos y cupones emitidos por el gobierno danés.
Quedan revocadas todas aquellas licencias que permitan retirar de cualquier cuenta que
caiga dentro del Reglamento General No. 6 los bonos o cupones emitidos por el gobierno
danés.
Quedan revocadas todas aquellas licencias que permitan la redención, venta o pago en
nombre de Dinamarca 0 de cualquiera persona residente dentro de ese país de bonos 0 cupones
emitidos por el gobierno danés.
Quedan revocadas todas aquellas licencias que autorizan la redención, venta o pago de los
bonos y cupones del gobierno danés que figuren en cualquiera de las cuentas del Reglamento
No. 6.
Esta circular pública permitía la consumación el 27 de diciembre de 1941, o antes de esa
fecha, de cualquier transacción de compra o venta de bonos o cupones emitidos por el gobierno
danés, cuando dichas compras y ventas se hubieran hecho legalmente el 24 de diciembre de
1941, o con anterioridad B esa fecha.
Regraded Unclassified
REVOCATION AND MODIFICATION OF CERTAIN LICENSES INVOLVING HONG KONG
AND GENERALLY LICENSED TRADE AREA
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
December 26, 1941.
PUBLIC CIRCULAR NO. 10
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.*
1. General License No. 57 is hereby revoked.
2. The offices within Hong Kong and occupied China of banks named in Schedule A
of General License No. 58, shall, as of the date hereof, cease to be appointed banks, and,
as of the date hereof, such offices shall also cease to be generally licensed nationals within
the meaning of General Licenses Nos. 59, 60, or 61, and such general licenses are to such
extent hereby revoked.
3. General License No. 13 is hereby amended in the following respects:
(a) The word "Hong Kong" is deleted from subdivision (a) of paragraph (1)
thereof; and
(b) The words "Hong Kong" and "Penang" are deleted from subdivision (b) of
paragraph (1) thereof.
4. Subparagraph (a) of paragraph (3) of General License No. 53 is hereby amended
in the following respects:
(1) A semicolon is substituted for the period at the end of Item (x) thereof; and
(2) The following proviso to all of the provisions of subparagraph (a) is added
at the end thereof:
"Provided, however, that the term 'generally licensed trade area' shall not
include any territory which is controlled or occupied by the military, naval or
police forces or other authority of Japan, Germany, or Italy, or allies thereof."
D. W. BELL
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963, December 9,
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10, 1940, as
1941, and Ex. Order 8998, December 26, 1941: Regulations, April 10, 1940, as amended June 14, 1941, and
July 26, 1941.
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TREASURY DEPARTMENT
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Washington
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FOR IMMEDIATE RELEASE,
PRESS SERVICE
Saturday, December 27, 1941
No. 29-31
In view of the occupation of Hong Kong, and the freezing of Hong Kong assets by the
President, the Treasury Department has issued Public Circular No. 10, which revokes
certain general licenses which specifically relate to Hong Kong. The public circular also
has the effect of blocking the accounts of all banks in Hong Kong and in occupied China,
and of preventing the offices in Hong Kong and occupied China of such banks from
financing trade and handling remittances between the United States and China.
15th
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Regraded Unclassified
PUBLIC CIRCULAR NO. 10-Revocation and Modification of Certain Licenses Involving Hong Kong and the
Generally Licensed Trade Area
Upon the occupation of Hong Kong, the Treasury Department by this public circular
immediately revoked all general licenses 80 far as they permitted transactions with persons,
banks, or organizations in Hong Kong or in territory controlled or occupied by enemies of
the United States.
General License No. 53 was amended to exclude from the "generally licensed trade area"
all territory occupied by enemies of the United States.
CIRCULAR PÚBLICA NO. 10-Revocación y modificación de clertas licencias referentes a Hong Kong y en
el área comercial con licencia general
Después de la toma de Hong Kong, la Secretaría del Tesoro, mediante esta circular pública,
revocó de inmediato todas las licencias generales que permitian las transacciones con per-
sonas, bancos u otros organismos en Hong Kong o en territorio dominado u ocupado por
fuerzas de países enemigos de los Estados Unidos.
La Licencia General No. 53 se enmendó de manera que excluyese del "área comercial con
licencia general" todo el territorio ocupado por países enemigos de los Estados Unidos.
FREEZING OF PHILIPPINE ASSETS AND REPORTS ON FORM TFR-300 REGARDING
SUCH ASSETS. REVOCATION OF GENERAL LICENSES NOS. 63 AND 65 AND AMEND-
MENT OF GENERAL LICENSES NOS. 13 AND 75
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
January 5, 1942
PUBLIC CIRCULAR NO. 11
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.®
(1) Attention is directed to the fact that pursuant to Executive Order No. 8998, the
provisions of Executive Order No. 8389, as amended, have been automatically extended
to the Philippine Islands to the same extent as the provisions of the Order apply to any
other blocked country.
(2) For the purpose of administering the Order and complying with the provisions
thereof, the Philippine Islands shall be deemed to be a foreign country separately desig-
nated in the Order and specifically named in section 3 thereof. The effective date of the
Order as applied to the Philippine Islands shall be deemed to be January 1, 1942. The
definition of the term "national" as applied to the Philippine Islands shall be that specified
in paragraph E of section 5 of the Order.
(3) Reports on Form TFR-300 shall be filed with respect to all property subject to
the jurisdiction of the United States in which the Philippine Islands or any national
thereof has any interest. Details concerning this requirement and information regarding
the dates as of which reports are to be filed will be the subject of a future public circular.
(4) General License No. 13 is hereby amended by the deletion of the word "Manila"
from subdivision (a) of paragraph (1) thereof.
(5) General Licenses Nos. 63 and 65 are hereby revoked.
(6) Subdivision (b) of paragraph (6) of General License No. 75 is hereby amended to
read as follows:
"(b) the term 'designated agent of the Central Bank of China' shall mean the
Bank of China."
(7) Attention is directed to the fact that as used in the Order, and regulations,
licenses and other documents issued thereunder, the term "United States" does not
include the Philippine Islands and does not include any other territory controlled or
occupied by the military, naval, or police forces or other authority of any blocked country.
(8) All general licenses, specific licenses, and authorizations of whatsoever character
issued pursuant to the Order on or before January 1, 1942 by the United States High
Commissioner to the Philippine Islands are hereby revoked.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
1941, Ex. Order 8389, 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10,
Ex. Order 5(b), April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
Sec. 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
1940, as amended June 14, 1941, and July 26, 1941.
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
PRESS SERVICE
Monday, January 5, 1942
No. 29-41
In view of the situation created by the temporary enemy occupation of important parts
of the Philippine Islands, the Treasury Department today issued Public Circular No. 11
calling attention to the fact that Philippine assets have been automatically frozen under the
December 26, 1941 amendment to the freezing Orders.
The new public circular prescribed that for the purposes of the freezing Orders the
Philippine Islands should be regarded as if they were a separate blocked country and that
January 1, 1942 would be regarded as the effective date of the freezing regulations as
applied to the Philippines. This was done to facilitate the administration of freezing control
over Philippine assets and also to provide the public with specific standards to guide their
compliance with the freezing regulations relating to the Philippines. For all practical
purposes this had the same effect as though freezing control had been specifically extended
to the Philippine Islands on January 1, 1942.
The public circular also announced that census reports on Form TFR-300 were
required to be filed with respect to Philippine assets. Details regarding this requirement
will be announced later. Certain general licenses relating to the Philippine Islands were
revoked and others were amended. New general licenses were issued dealing with prob-
lems arising out of freezing Philippine assets. These general licenses followed the general
pattern of documents issued in the past in connection with extending freezing control to
a new country.
In view of General License No. 80 issued today the freezing restrictions will not
affect Philippine citizens within the United States or within the generally licensed trade
area.
Regraded Unclassified
LICLUSION
WITHST
PUBLIC CIRCULAR NO. 11-Philippine Islands Become Blocked Country
Because of the temporary occupation of the Philippine Islands by the Japanese, the Treas-
ury Department in this public circular called the attention of all persons to the provisions in
the Executive Order which automatically extended freezing control to property occupied by
the enemy. Property reports were required to be filed with respect to property in which
Philippine nationals have an interest. All licenses and authorizations issued by the United
States High Commissioner to the Philippine Islands were revoked. Likewise, General Li-
censes Nos. 63 and 65, relating to banking institutions and commercial organizations in the
Philippine Islands, were revoked.
CIRCULAR PÚBLICA NO. 11-Las Islas Filipinas entre el número de los países bloqueados
Debido a la ocupación temporal de las Islas Filipinas por el Imperio Japonés, la Secretaria
del Tesoro, mediante esta circular, llamó la atención de todas las personas a las disposiciones
contenidas en la Orden Ejecutiva que de hecho congeló el dominio de toda la propiedad
ocupada por el enemigo. De inmediato se requirió que se presentaran los informes de pro-
piedad relacionados con aquellos bienes en que los ciudadanos filipinos tengan alguna partici-
pación, y se revocaron todas las licencias y autorizaciones extendidas por el Alto Comisionado
de los Estados Unidos en esas islas. De igual manera se revocaron las Licencias Generales
Nos. 63 y 65 referentes a instituciones bancarias y organismos comerciales en las Filipines.
INCLUSION IN "PROCLAIMED LIST" OF NAMES OF PERSONS
WITHIN NEUTRAL EUROPEAN COUNTRIES
TREASURY DEPARTMENT
Office of the Secretary
January 14, 1942
PUBLIC CIRCULAR NO. 12
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.*
Supplement No. 7, January 14, 1942, to "The Proclaimed List of Certain Blocked
Nationals" promulgated pursuant to the Proclamation of July 17, 1941, contains the names
of persons within Portugal, Spain, Sweden, Switzerland and Turkey.
Attention is directed to the fact that these persons, as well as all other persons whose
names appear on "The Proclaimed List of Certain Blocked Nationals", shall be treated for
all purposes as though they were nationals of Germany or Italy. Accordingly, General
Licenses Nos. 49, 50, 52, and 70, relating respectively to Sweden, Switzerland, Spain and
Portugal, as well as all other licenses which do not authorize transactions by, on behalf
of, or for the benefit of nationals of Germany or Italy, do not authorize transactions by,
on behalf of, or for the benefit of persons whose names appear on such list. The mere fact
that the name of a particular individual or concern is not contained on this list shall not
be construed to mean that such individual or concern is not a national of Germany or
Italy or to authorize transactions in which any national of Germany or Italy may have an
interest.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress:
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
PUBLIC CIRCULAR NO. 12-Extension of The Proclaimed List of Certain Blocked Nationals To Include
Persons Within Neutral European Countries
This public circular directed the public's attention to the fact that General Licenses Nos.
49, 50, 52, and 70, relating respectively to Sweden, Switzerland, Spain, and Portugal, do not
authorize transactions in which persons on the Proclaimed List are interested.
CIRCULAR PÚBLICA NO. 12-Ampliación de Is Lista de Clertos Ciudadanos Bloqueados para Incluir personas
dentro de países neutrales europeos
Esta circular pública llamó la atención al hecho de que las Licencias Generales Nos. 49,
50, 52 y 70, referentes & Suecia, Suiza, España y Portugal, respectivamente, no autorizan
transacción alguna en las cuales estén interesadas personas que figuren en la Lista Proclamada.
AMENDMENT OF GENERAL LICENSES NOS. 13, 14, 15, 19, 21 AND 27
BY DELETING CERTAIN REPORTING REQUIREMENTS
CODE OF FEDERAL REGULATIONS
TREASURY DEPARTMENT
Title 31-Money and Finance: Treasury
Chapter I-Monetary Offices, Department of the Treasury
Office of the Secretary
Parts 130 and 131
January 20, 1942
Appendix®
PUBLIC CIRCULAR NO. 13
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.
General Licenses Nos. 13, 14, 15, 19, 21 and 27 are hereby amended by deleting the
final paragraph of each such general license.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress;
Ex, Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26,
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations, April 10,
1940, as amended June 14, 1941, and July 26, 1941.
PUBLIC CIRCULAR NO. 13-Revocation of Provision in Certain General Licenses Requiring Weekly Reports
Public Circular No. 13 provides that the reporting requirements in General Licenses
Nos. 13, 14, 15, 19, 21, and 27 are deleted.
CIRCULAR PÚBLICA NO. 13-Revocación en ciertas licencias generales de la disposición que requiere la
presentación de informes semanales
La Circular Pública No. 13 dispone que se prescinda de los requisitos sobre informes
contenidos en las Licencias Generales Nos. 13, 14, 15, 19, 21 y 27.
PROHIBITING PURCHASE, WITHOUT SPECIAL LICENSE, FOR ANY BLOCKED
ACCOUNT OF MORE THAN 1 PERCENT OF OUTSTANDING SHARES OF ANY
ONE CLASS OF ANY CORPORATION. FILING OF FORM TFR-4
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
February 3, 1942
PUBLIC CIRCULAR NO. 14
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.*
(1) No license or other authorization now outstanding or hereafter issued, unless
expressly referring to this public circular, shall be deemed to authorize any blocked country
or any national thereof to purchase, directly or indirectly, securities of any one issue of B.
corporation if the securities so purchased together with the aggregate of all other securities
held directly or indirectly by such blocked country or national constitute more than one
percent of the outstanding securities of that issue. Banking institutions shall not effect
any such purchases if they have reasonable cause to believe that the terms hereof are
being violated.
(2) Monthly reports on Form TFR-4 are hereby required to be filed with respect to
the purchase or sale of securities for any blocked account and, unless expressly referring
to this public circular, no license or other authorization shall be deemed to suspend the
requirement of filing this report. Such report shall be filed with the appropriate Federal
Reserve Bank by the banking institution with which such blocked account is held and shall
be filed on or before the 15th day of the month following the calendar month with respect
to which the report is filed. No report need be filed for any calendar month during which
the total purchases and the total sales for any blocked account are each less than $5,000.
This reporting requirement shall be deemed to be in lieu of that required under any license
now outstanding or hereafter issued so far as such license requires the filing of reports
with respect to the purchase or sale of securities for any blocked account.
(3) Banking institutions shall have a reasonable period of time, but not to exceed 15
days from the date hereof, in which to adjust their records for the purpose of complying
with the provisions, of paragraph (1) hereof; provided, however, that a special report shall
be filed with respect to any case in which the one percent limitation contained in paragraph
(1) was exceeded as a consequence of records being in the process of adjustment. Such
report shall be filed with the appropriate Federal Reserve Bank within 30 days of the date
hereof and shall expressly refer to paragraph (3) of this public circular.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
July Congress; 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941;
Part Ex. 131:-Sec. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Regulations,
5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public Ex. No. Order 354, 8832, 77th
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
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The Treasury Department today issued Public Circular No. 14 which prohibits the
purchase, without special license, for any blocked account of more than 1 percent of the
outstanding shares of any one class of any corporation. The purpose of this restriction
is to make doubly sure that the Treasury Department may deal specifically with any
attempt on the part of blocked nationals to utilize Treasury Department licenses for the
purpose of acquiring a substantial interest in American corporations. VIIA to
date Public Circular No. 14 also simplifies and makes uniform the various outstanding
reporting requirements relating to the purchase and sale of securities pursuant to licenses
issued under the freezing Order. The circular prescribes a new form (TFR-4) which must
be filed in any case where securities are purchased or sold under a Treasury Department
license involving amounts exceeding the limitations contained in Public Circular No. 14.
Thus, if securities are purchased or sold under the authorization of one of the general
licenses which permit transactions on behalf of the neutral countries of Europe and their
nationals, a report on TFR-4 is required to be filed. The use of the new form will facilitate
enforcement of the 1 percent limitation mentioned above. did stulad 20 (en Data of
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houses and banks may adjust their records so that they may comply with the new
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or
PUBLIC CIRCULAR NO. 14-Purchase for a Blocked Account of More Than One Percent of Any Class of
the Outstanding Securities of a Corporation Is Prohibited
This public circular prevents blocked nationals from acquiring more than one percent of
the securities of any corporation. Purchases for & blocked account in excess of one percent of
the securities of any corporation may be made only under a special license expressly referring
to Public Circular No. 14.
CIRCULAR PÚBLICA NO. 14-Prohibese la compra en nombre de una cuenta bloqueada de más del uno por
clento de cualquier clase de valores de una corporación
Esta circular impide que los ciudadanos de un país bloqueado puedan adquirir más del uno
por ciento de las obligaciones de cualquier corporación. La compra & nombre de una cuenta
bloqueada de más del uno por ciento de los valores de cualquier corporación sólo puede hacerse
mediante una licencia especial que se refiera expresamente & la Circular Pública No. 14.
Item
M.
PAL
Mail
1947
AMENDMENT OF GENERAL LICENSES NOS. 49, 50, 52 AND 70,
REQUIRING REPORTS ON FORMS TFR-149 AND TFER-1
TREASURY DEPARTMENT
Office of the Secretary
February 18, 1942
PUBLIC CIRCULAR NO. 15
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.*
General Licenses Nos. 49, 50, 52, and 70 are amended by deleting the text of the para-
graph numbered "(4)" in General License No. 49 and the texts of the paragraphs numbered
"(5)" in General Licenses Nos. 50, 52, and 70 and by substituting the following in each of
such paragraphs for the matter so deleted:
"A report on Form TFR-149 shall be filed promptly in duplicate with the appropriate
Federal Reserve Bank by any banking institution within the United States:
(a) through which any remittance in excess of $5,000 originates; or
(b) which issues, confirms, or advises any letter of credit involving an amount in
excess of $5,000; or
(c) which debits any blocked account in an amount in excess of $5,000 for any
single item under the authority of this general license.
"Banking institutions within the United States shall also file monthly reports on Form
TFER-1 with the appropriate Federal Reserve Bank indicating the total of all debits and,
separately, the total of all credits effected pursuant to the provisions of this general license."
E.H. FOLEY, JR.
Acting Secretary of the Treasury.
Part 131;-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th
Congress; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832,
July 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
PUBLIC CIRCULAR NO. 15-Banks Required To File Detailed Reports of Transactions With Sweden, Swit-
zerland, Spain, and Portugal
Public Circular No. 15 requires any bank engaging in & transaction under General License
No. 49, 50, 52, or 70 involving over $5,000 to report all details concerning interested parties
and the nature of the transaction. The total volume of transactions entered into under these
licenses must also be reported.
(This license is subject to General Ruling No. 11. and does not permit any trade or communication
with any enemy national.)
CIRCULAR PÚBLICA NO. 15-Requiérese de los bancos que rindan informes detallados de sus trans-
acciones con Suecia, Suiza, España y Portugal
La Circular Pública No. 15 exige a todo banco que lleve a cabo una transacción bajo las
Licencias Generales Nos. 49, 50, 52 y 70, por un valor mayor de 5000 dólares, que rinda un
informe detallado sobre las personas interesadas y la indole de la transacción. Debe también
rendirse un informe sobre todas las transacciones hechas bajo dichas licencias.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio 0 comunicación
de ninguna naturalesa con un nacional enemigo.)
EXTENSION OF EXECUTIVE ORDER TO BRITISH MALAYA
TREASURY DEPARTMENT
Office of the Secretary
February 18, 1942
PUBLIC CIRCULAR NO. 13
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.®
(1) Attention is directed to the fact that pursuant to the Order the provisions
thereof have been automatically extended to all of British Malaya to the same extent as
the provisions of the Order apply to any other blocked country.
(2) For the purpose of administering the Order and complying with the provisions
thereof, British Malaya shall be deemed to be a foreign country separately designated in
the Order and specifically named in section 3 thereof. The definition of the term "national"
as applied to British Malaya shall be that specified in paragraph E of section 5 of the Order.
(3) General License No. 13 is hereby amended by the deletion of the word "Singapore"
from subdivisions (a) and (b) of paragraph (1) thereof.
(4) Attention is directed to the fact that, by reason of temporary control and occupa-
tion by the military, naval, and police forces and other authority of Japan, British Malaya
is no longer included within the generally licensed trade area as defined in General License
No. 53.
(5) No transaction shall be deemed to require a license solely because it involves
property in which a blocked country or national thereof had an interest which was
extinguished prior to the date of the extension of the Order to such country.
(6) As used herein, the term "British Malaya" shall be deemed to include the Straits
Settlements and the Malay States, both federated and unfederated.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
This public circular affects Parts 130 and 131 and will be included in appendices to those parts.
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 10,
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th Congress; 26,
1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941: Regulations, April
1940, as amended June 14, 1941, and July 26, 1941.
PUBLIC CIRCULAR NO. 16-British Malaya and Singapore Become Blocked Territory
British Malaya and Singapore automatically became blocked territory under the Executive
Order when occupied by the Japanese. Immediately after their occupation, Public Circular
No. 16 was issued announcing that general licenses involving British Malaya and Singapore
were revoked.
(This license is subject to General Ruling No. 11, and does not permit any trade or communication
with any enemy national.)
CIRCULAR PÚBLICA NO. 16-La Malaya Británica y Singapur pasan a ser territorio bloqueado
Inmediatamente después que las fuerzas japonesas ocuparon la Malaya Británica y
Singapur se expidió una Orden Ejecutiva declarándolas territorio bloqueado. Acto seguido
se expidió la Circular Pública No. 16 que anunciaba la revocación de todas las licencias generales
relacionadas con dichos territorios.
(Esta licencia queda supeditada a la Disposición General No. 11 y no permite comercio o comunicación
de ninguna naturalesa con un nacional enemigo.)
GENERAL LICENSES NOS, 13, 15, 20, 21 AND 53 NO LONGER APPLICABLE
TO NETHERLANDS EAST INDIES
(Press release of March 13, 1942 on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
March 13, 1942.
PUBLIC CIRCULAR NO. 17
UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND
REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.*
(1) General License No. 13 is hereby amended as follows:
(a) by deleting the word "Java" from subdivisions (a) and (b) of paragraph (1)
thereof; and
(b) by deleting subdivisions (c) and (d) from paragraph (1) thereof.
(2) General License No. 15 is hereby amended as follows:
(a) by deleting the words "between the United States and the Netherlands East
Indies and" from paragraph (1) thereof; and
(b) by deleting the words "such areas" from subdivisions (a) and (b) of para-
graph (1) thereof and substituting therefor the words "the Netherlands West Indies".
(3) General License No. 20 is hereby amended by deleting the words "the Nether-
lands East Indies or" from the first paragraph thereof.
(4) General License No. 21 is hereby amended by deleting the words "the Nether-
lands East Indies or" from paragraph (1) thereof.
(5) For the purpose of administering the Order and complying with the provisions
thereof, the Netherlands East Indies shall continue to be regarded as a part of the Nether-
lands and not as a part of the territory of any other blocked country.
(6) Attention is directed to the fact that, by reason of temporary control and occupa-
tion by the military, naval, and police forces and other authority of Japan, the Netherlands
East Indies is no longer included within the generally licensed trade area as defined in
General License No. 53. General License No. 53 is hereby amended by deleting the words
"the Netherlands East Indies" from subdivision (a) of paragraph (3) thereof.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
July Congress; 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. 1941. Order 8998, December 26,
Part Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, 1941; Regulations,
131:-Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public, Ex. No. Order 354, 8832, 77th
April 10, 1940, as amended June 14, 1941, and July 26,
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Washington
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FOR IMMEDIATE RELEASE,
Press Service
Friday, March 13, 1942.
No. 30-74
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The Treasury Department announced today that, by reason of temporary Japanese
occupation and control of the Netherlands East Indies, certain general licenses relating
to those areas are no longer applicable.
Public Circular No. 17, issued today, called attention to the amendment of these
general licenses which had authorized transactions by, or on behalf of, persons in the
Netherlands East Indies. This development further implements the Treasury Depart-
ment's program of preventing the liquidation in the United States of the assets of invaded
countries and is in line with the policy regularly followed with respect to territories tempo-
rarily falling under enemy domination.
21
Treasury officials said that the Netherlands East Indies will continue to be regarded
as a part of the Netherlands, frozen by Executive Order of May 10, 1940.
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PUBLIC CIRCULAR NO. 17-Effect of Japanese Occupation Upon Status of Netherlands East Indies
Immediately after the Japanese occupation of the Netherlands East Indies, all general
licenses involving the Netherlands East Indies were revoked.
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Inmediatamente después que las fuerzas japonesas ocuparon las Indias Orientales
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STANDARD OF CONDUCT WHICH UNITED STATES CONCERNS DOING BUSINESS
WITHIN LATIN AMERICA ARE REQUIRED TO FOLLOW WITH RESPECT
TO TRANSACTIONS INVOLVING ENEMY NATIONALS
(Press release on reverse side)
TREASURY DEPARTMENT
Office of the Secretary
March 30, 1942
PUBLIC CIRCULAR NO. 18
UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, AND REGULATIONS ISSUED
PURSUANT THERETO, RELATING TO FOREIGN FUNDS CONTROL*
(1) Reference is made to General Ruling No. 11, relating to transactions involving
trade or communication with an enemy national. Inquiry has been made as to the standard
of conduct which United States concerns doing business within Latin America are required
to follow with respect to transactions involving enemy nationals.
(2) Any person within the Western Hemisphere who is subject to the jurisdiction of
the United States shall not engage in any financial, business, trade or other commercial
transaction which is directly or indirectly with, by, on behalf of, or for the benefit of an
enemy national, except as specifically authorized by the Secretary of the Treasury, by
means of regulations, rulings, instructions, licenses or otherwise.
(3) As used herein, the term "person subject to the jurisdiction of the United States"
shall include:
(a) any citizen of the United States whether within the United States or within
any foreign country:
(b) any person within the United States;
(e) any partnership, association, corporation, or other organization
(i) which is organized under the laws of the United States; or
(ii) which has its principal place of business within the United States; or
(iii) which is owned or controlled by, directly or indirectly, one or more
persons subject to the jurisdiction of the United States as herein defined;
and
(d) any agent, subsidiary, affiliate or other person owned or controlled, directly
or indirectly, by any person subject to the jurisdiction of the United States
as herein defined.
(4) In appropriate cases, United States diplomatic and consular officers in the other
American Republics should be consulted with respect to the matters referred to herein and
applications for licenses to engage in transactions referred to herein may be filed with such
officers in lieu of filing such applications in the United States. The Treasury Department
has delegated authority to such officers through the State Department, and accordingly
such officers are in a position to take action on applications in certain cases without first
referring such applications to the Treasury Department.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public No. 354, 77th
This public circular affects Parts 130 and 131 and will be included in appendices to those parts. Con-
Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832,
July gress; 26, 1941, Ex. Order 8963, December 9, 1941, and Ex. Order 8998, December 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE,
Washington
Press Service
Monday, March 30, 1942.
No. 30-90
The Treasury Department made public today the standard of conduct which United
States concerns doing business within Latin America are required to follow with respect
to transactions involving enemy nationals. Public Circular No. 18 issued today made it
clear that United States concerns operating in Latin America, including their agents,
subsidiaries and affiliates, may not deal in any manner whatsoever with enemy nationals,
except pursuant to specific authorization of the Treasury Department.
This public circular was issued in response to inquiries received by the Treasury
Department after the release of General Ruling No. 11 which prohibits, unless specially
licensed, transactions involving trade or communication with enemy nationals. "Enemy
national" was defined in General Ruling No. 11 as meaning (a) any person within enemy
territory; (b) any person whose name appears on the "black list", i.e., The Proclaimed List
of Certain Blocked Nationals, or any person acting for a black listed person; and (c)
representatives or agents of the governments of Germany, Italy, Japan, Bulgaria, Hungary
or Rumania, whether situated within or without enemy territory. "Enemy territory" was
defined as meaning the territory of Germany, Italy and Japan, together with the territory
under their occupation or control.
Today's public circular calls attention to the fact that the prohibitions against dealings
with enemy nationals are applicable to any person within the Western Hemisphere who
is subject to the jurisdiction of the United States, including all individuals and concerns
within the United States; all citizens of the United States wheresoever located; all con-
cerns organized under the laws of the United States or having their principal place of
business in the United States, including any agent, subsidiary, or affiliate of any such
concern wheresoever located and any concern which is owned or controlled by any other
concern subject to the jurisdiction of the United States.
The important features of the standard of conduct set forth in today's public circular
are the following:
(a) American controlled concerns operating in Latin America are prohibited from having
any financial, business, trade or other commercial dealings with persons or firms within
enemy territory. Thus a Latin American branch of a New York corporation may not have
any dealings (except under license) with a firm situated within Germany, Italy or Japan or
within any territory controlled or occupied by such countries.
(b) American controlled concerns operating in Latin America may not deal (except
under license) with persons or firms on the black list or any person or firm acting for a black
listed firm.
The restrictions on dealings with enemy nationals are subject to the licensing power of
the Secretary of the Treasury, who in specific instances may authorize transactions. How-
ever, authorizations to deal with enemy nationals will be given only in exceptional circum-
stances, and then only when it is clear that the best interests of this country and the other
American Republics will be served by allowing the transactions involved.
United States diplomatic and consular officers in Latin America have been authorized
to receive applications for licenses, and they have been authorized to take action on such
applications in certain cases without referring the applications to the Treasury Depart-
ment. American concerns within Latin America who desire information or advice will be
able to consult the nearest United States diplomatic or consular official.
It was stated that if any American concern fails to comply with the standards of con-
duct which have been established, any of a number of sanctions might be employed.
Among these sanctions are the placing of the name of any non-complying concern on the
Proclaimed List, the blocking of the assets of any such concern, and the criminal prosecu-
tion of the firm and its officers under the Trading with the enemy Act, the First War Powers
Act, and other appropriate legislation.
The Treasury Department is also urging American firms within the United States
who are trading with neutral countries to cooperate with the Government in detecting and
stopping the cloaking operations of enemy nationals. Effective cooperation on the part of
American importers and exporters, it was said, could stop cloaking transactions. It was
pointed out that the flow of goods between Germany and Italy and Latin America having
been stopped by the war, Axis firms in the Latin American Republics are exercising all of
their cunning in an effort to carry on trade with this country. Huge commissions are paid
to cloaks for their services in securing supplies which will enable black listed firms to
continue in business. Orders are sent in the name of relatives and employees, and in some
cases, transshipments are made from one country to another in order to avoid detection.
Americans who are engaged in the export-import trade are in a favorable position to dis-
discover similarities between orders received from cloaks and previous orders of black
cover and report such operations because they can recognize the source of imports or
listed persons in the locality of the cloak.
Regraded Unclassified
Regraded Unclassified
PUBLIC CIRCULAR NO. 18-Deallage of United States Concerns in Latin America With Enemy Nationals
Public Circular No. 18 prohibits persons subject to United States jurisdiction from dealing
with enemy nationals, except with the license of United States diplomatic and consular officers
in the Latin American Republics or with the license of the Treasury Department.
The circular treats as subject to the jurisdiction of the United States any citizen of the
United States wherever situated; any person within the United States; any organization
organized under the laws of the United States, having its main place of business within the
United States, or owned or controlled by persons subject to the jurisdiction of the United
States; and agents, affiliates, subsidiaries, etc., of the foregoing.
The definition of enemy national is the same as that contained in General Ruling No. 11.
by
To
CIRCULAR PÚBLICA NO. 18-Transacciones de compañías estadounidenses en la América Latina con
cludadance de países enemigos
La Circular Pública No. 18 prohibe & todas las personas que están bajo la jurisdicción de
los Estados Unidos entrar en transacciones con ciudadanos de países enemigos, excepto en
aquellos acasos en que tengan permiso especial concedido por funcionarios diplomáticos o con-
sulares de los Estados Unidos en la América Latina o por la Secretaría del Tesoro.
La circular considera sujetos a la jurisdicción de los Estados Unidos a todos los ciudadanos
del país, dondequiera que se encuentren; a cualquier persona que resida dentro del territorio
de los Estados Unidos; & cualquier organismo fundado bajo las leyes de los Estados Unidos
que tenga la sede principal de sus negocios dentro de los Estados Unidos, o que pertenezca o
esté controlado por personas bajo la jurisdicción de los Estados Unidos; y & los agentes,
sucursales, etc. de los mismos.
La definición de enemigo nacional 68 la misma que se da en el Reglamento General No. 11.
GENERAL LICENSE UNDER SECTION 3 (a) OF THE TRADING WITH THE ENEMY ACT
By virtue of and pursuant to the authority vested in me by Sections 3 and 5 of the Trading
with the enemy Act, as amended, and by virtue of all other authority vested in me, I, FRANKLIN
D. ROOSEVELT, PRESIDENT of the UNITED STATES OF AMERICA, do prescribe the following:
A general license is hereby granted licensing any transaction or act prohibited by Section
3 (a) of the Trading with the enemy Act, as amended, provided, however, that such transaction
or act is authorized by the Secretary of the Treasury by means of regulations, rulings, instruc-
tions, licenses or otherwise, pursuant to Executive Order No. 8389, as amended.
FRANKLIN D. ROOSEVELT.
THE WHITE HOUSE
December 18, 1941
H. MORGENTHAU, JR.
Secretary of the Treasury
FRANCIS BIDDLE
Attorney General of the United States
GENERAL LICENSE ISSUED BY THE PRESIDENT UNDER SECTION 3 (a) OF THE TRADING WITH
THE ENEMY ACT, AS AMENDED-Licensing of Trading With the Enemy
At the outbreak of the war, the portions of the American Trading with the Enemy Act
which prohibit trade with the enemy became effective. In view of the existence of freezing
control, the President issued a general license under the Trading with the Enemy Act licensing
any transaction for which a freezing control license had been obtained.
LICENCIA GENERAL EXPEDIDA POR EL PRESIDENTE SEGÚN LAS DISPOSICIONES DE LA
SECCIÓN 3 (a) DE LA LEY DE COMERCIO CON EL ENEMIGO, TAL COMO ESTÁ VIGENTE-
Autorización de Comerciar con el Enemigo
Al romperse las hostilidades en Europa, entraron en vigencia aquellas disposiciones de la
Ley sobre Comercio con el Enemigo que prohiben las transacciones comerciales con naciones
enemigas. En vista de que existía un sistema de inmovilización de fondos, el Presidente
expidió una licencia general de acuerdo con dicha Ley de Comercio con el Enemigo, que se
requiere para todas las transacciones sobre las cuales se hubiera obtenido una licencia de
inmovilización de fondos.
EXECUTIVE ORDER NO. 9095
ESTABLISHING THE OFFICE OF ALIEN PROPERTY CUSTODIAN AND
DEFINING ITS FUNCTIONS AND DUTIES
By virtue of the authority vested in me by the Constitution, by the Trading with the
Enemy Act of October 6, 1917, as amended, by the First War Powers Act, 1941, and as
President of the United States, it is hereby ordered as follows:
1. There is hereby established in the Office for Emergency Management of the Execu-
tive Office of the President the Office of Alien Property Custodian, at the head of which
shall be an Alien Property Custodian appointed by the President. The Alien Property
Custodian shall receive compensation at such rate as the President shall approve and in
addition shall be entitled to actual and necessary transportation, subsistence, and other
expenses incidental to the performance of his duties. Within the limitation of such funds
as may be made available for that purpose, the Alien Property Custodian may appoint
assistants and other personnel and delegate to them such functions as he may deem
necessary to carry out the provisions of this Order.
2. All power and authority conferred on the President by Sections 3(a) and 5(b) of
the Trading with the Enemy Act of October 6, 1917, as amended, and by Sections 301 and
302 of Title III of the First War Powers Act, 1941, approved December 18, 1941, except
such powers and authority as were delegated to the Secretary of the Treasury by Execu-
tive Orders issued prior to February 12, 1942, and to the Board of Governors of the Federal
Reserve System by Executive Order No. 8843 of August 9, 1941 (which powers and author-
ity shall continue to be vested in and exercised by the Secretary of the Treasury and the
Board of Governors respectively), are hereby delegated to and vested in the Alien Prop-
erty Custodian. The memorandum of February 12, 1942, delegating to the Secretary of
the Treasury certain powers and authority under said sections, is hereby revoked and can-
celed. Any and all action heretofore taken by the Board of Governors of the Federal
Reserve System after February 11, 1942, in pursuance of Executive Order No. 8843 of
August 9, 1941, is hereby confirmed and ratified. In the exercise of the authority herein
delegated, the Alien Property Custodian shall be subject to the provisions of Executive
Order No. 8839 of July 30, 1941, and shall designate a representative to the Board of
Economic Warfare in accordance with section 6 thereof.
3. Any property, or interest therein, of any foreign country or a national thereof shall
vest in the Alien Property Custodian whenever the Alien Property Custodian shall so
direct; and, in the case of any property, or interest therein, subject to the control of the
Secretary of the Treasury, when the Alien Property Custodian shall notify the Secretary
of the Treasury in writing that he has so directed, the Secretary of the Treasury shall
release all control of any such property, or interest therein, to the Alien Property Custodian.
4. Any outstanding order, proclamation, regulation, ruling, license, or instruction
issued pursuant to, or relating to the administration of, any power or authority vested in the
Alien Property Custodian by this Order shall remain in effect unless and until amended
or revoked by the Alien Property Custodian.
FRANKLIN D. ROOSEVELT
THE WHITE HOUSE,
March 11, 1942.
(ove)
TREASURY DEPARTMENT
Washington
FOR IMMEDIATE RELEASE
Press
Service
Thursday, March 12, 1942.
No.
30-72
At a joint press conference held today by Secretary Morgenthau and Mr. Leo T.
Crowley, newly-appointed Alien Property Custodian, concerning the President's Executive
Order establishing the Office of Alien Property Custodian and defining its functions, it was
pointed out that there would be no interruption in the various programs vital to the war
effort which are now in the process of execution relating to foreign-owned and foreign-
controlled property. It was also pointed out that Secretary Morgenthau and Mr. Crowley
had worked in cooperation for the last several months on certain of these programs, and
that this spirit of close cooperation would continue.
It was also stated at today's conference that in addition to the freezing control powers
which were left in the Treasury Department by the President's Executive Order, other
powers and authority which were previously vested in the Secretary of the Treasury would
remain with the Secretary of the Treasury pending the staffing and organization of the
Office of the Alien Property Custodian. Accordingly, there was released today the text
of a memorandum to the Secretary of the Treasury dated March 11, 1942, issued by the
Alien Property Custodian. The text of the memorandum is as follows:
'Washington, D. C.,
March 11, 1942.
MEMORANDUM FOR THE SECRETARY OF THE TREASURY
There is hereby delegated to the Secretary of the Treasury all power and authority
under Sections 3(a) and 5(b) of the Trading with the Enemy Act, as amended, conferred
upon me by the President by Executive Order dated March 11, 1942. This delegation
is temporary, pending the staffing and organization of the Office of the Alien Property
Custodian, and shall continue until revoked in writing in whole or in part at any time by
me. This delegation shall not be construed as a limitation upon my authority to exercise
such power and authority at any time.
LEO T. CROWLEY
Alien Property Custodian"
Regraded Unclassified
Regraded Unclassified
EXECUTIVE ORDER NO. 9095-Establishing the Office of Allen Property Custodian
Executive Order No. 9095 establishes the Office of Alien Property Custodian and confers
upon the Alien Property Custodian the comprehensive powers over foreign property which
were granted the President by the First War Powers Act, 1941, except 80 far as such powers
had been conferred by the President on the Treasury Department and on the Federal Reserve
Board. The Order provides for integration of the activities of the Office of Alien Property
Custodian with those of other Government agencies engaged in economic warfare by providing
for representation of the Alien Property Custodian on the Board of Economic Warfare.
All actions theretofore taken to carry out the President's powers over foreign property
are to remain in effect until altered by the Alien Property Custodian. The Order provides
that the Alien Property Custodian may redelegate his powers.
ORDEN EJECUTIVA NO. 9095-Creando la Oficina del Custodio de Blenes de Extranjeros
La Orden Ejecutiva No. 9095 crea la Oficina del Custodio de Bienes de Extranjeros, y lo
inviste de todos los poderes sobre propiedad extranjera que le fueron concedidos al Presidente
de la República en Is Primera Ley de Poderes de Guerra, excepto aquellos poderes que el
Ejecutivo hubiere concedido antes & la Secretaría del Tesoro 0 a la Junta de la Reserva Federal.
La Orden dispone la integración de todas las actividades de la Oficina del Custodio de Bienes
de Extranjeros con las de las demás dependencias gubernamentales dedicadas & los asuntos
económicos de la guerra, y hace que el jefe de ella sea miembro de Is Junta Directiva de la
Oficina de Asuntos Económicos de Guerra.
De esta manera, todos los actos ejercidos para poner en práctica las facultades concedidas
al Presidente con respecto a la propiedad extranjera continuarán vigentes basta tanto sean
cambiados por el Custodio de Bienes de Extranjeros. La Orden faculta también al Custodio
para redelegar los poderes de que ha aido investido.
FIRST WAR POWERS ACT, 1941
[PUBLIC LAW 354-77TH Congress]
TITLE III-TRADING WITH THE ENEMY
Sec. 301. The first sentence of subdivision (b) of section 5 of the Trading With the Enemy
Act of October 6, 1917 (40 Stat. 411), as amended, is hereby amended to read as follows:
"(1) During the time of war or during any other period of national emergency declared
by the President, the President may, through any agency that he may designate, or otherwise,
and under such rules and regulations as he may prescribe, by means of instructions, licenses,
or otherwise-
"(A) investigate, regulate, or prohibit, any transactions in foreign exchange, transfers
of credit or payments between, by, through, or to any banking institution, and the im-
porting, exporting, hoarding, melting, or earmarking of gold or silver coin or bullion,
currency or securities, and
"(B) investigate, regulate, direct and compel, nullify, void, prevent or prohibit, any
acquisition, holding, withholding, use, transfer, withdrawal, transportation, importation
or exportation of, or dealing in, or exercising any right, power, or privilege with respect
to, or transactions involving, any property in which any foreign country or a national
thereof has any interest,
by any person, or with respect to any property, subject to the jurisdiction of the United States;
and any property or interest of any foreign country or national thereof shall vest, when, as,
and upon the terms, directed by the President, in such agency or person as may be designated
from time to time by the President, and upon such terms and conditions as the President may
prescribe such interest or property shall be held, used, administered, liquidated, sold, or other-
wise dealt with in the interest of and for the benefit of the United States, and such designated
agency or person may perform any and all acts incident to the accomplishment or furtherance
of these purposes; and the President shall, in the manner hereinabove provided, require any
person to keep & full record of, and to furnish under oath, in the form of reports or otherwise,
complete information relative to any act or transaction referred to in this subdivision either
before, during, or after the completion thereof, or relative to any interest in foreign property,
or relative to any property in which any foreign country or any national thereof has or has had
any interest, or as may be otherwise necessary to enforce the provisions of this subdivision,
and in any case in which a report could be required, the President may, in the manner herein-
above provided, require the production, or if necessary to the national security or defense,
the seizure, of any books of account, records, contracts, letters, memoranda, or other papers,
in the custody or control of such person; and the President may, in the manner hereinabove
provided, take other and further measures not inconsistent herewith for the enforcement of
this subdivision.
"(2) Any payment, conveyance, transfer, assignment, or delivery of property or interest
therein, made to or for the account of the United States, or as otherwise directed, pursuant
to this subdivision or any rule, regulation, instruction, or direction issued hereunder shall to
the extent thereof be 8 full acquittance and discharge for all purposes of the obligation of the
person making the same; and no person shall be held liable in any court for or in respect to
anything done or omitted in good faith in connection with the administration of, or in pursuance
of and in reliance on, this subdivision, or any rule, regulation, instruction, or direction issued
hereunder.
"(3) As used in this subdivision the term United States' means the United States and
any place subject to the jurisdiction thereof, including the Philippine Islands, and the several
courts of first instance of the Commonwealth of the Philippine Islands shall have jurisdiction
in all cases, civil or criminal, arising under the subdivision in the Philippine Islands and con-
current jurisdiction with the district courts of the United States of all cases, civil or criminal,
arising upon the high seas: Provided, however, That the foregoing shall not be construed as a
limitation upon the power of the President, which is hereby conferred, to prescribe from time
to time, definitions, not inconsistent with the purposes of this subdivision, for any or all of
the terms used in this subdivision.
SEC. 302. All acts, actions, regulations, rules, orders, and proclamations heretofore taken,
promulgated, made, or issued by, or pursuant to the direction of, the President or the Secre-
tary of the Treasury under the Trading With the Enemy Act of October 6, 1917 (40 Stat.
411), as amended, which would have been authorized if the provisions of this Act and the amend-
ments made by it had been in effect, are hereby approved, ratified, and confirmed.
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Regraded Unclassified
SECTIONS 301 AND 302, FIRST WAR POWERS ACT, 1941-Foreign Exchange Control, Control Over the
Monetary System, and Powers Over Foreign Property
Section 301 of the First War Powers Act, 1941, confers upon the President comprehensive
powers in time of war or national emergency to regulate the monetary system, foreign ex-
change, and payments and credit transfers by any persons.
In addition, the section confers upon the President comprehensive power to deal in any
way with property in which foreign nationals have any interest. The powers over foreign
property granted to the President include, among others, power to prohibit any trans-
actions in foreign property except under license, power to direct and compel any transactions in
foreign property, power to vest and dispose of any foreign property in the interests of the
United States, and power to install supervisors and managers on the premises of any foreign
property.
The section gives the President full powers to obtain information and to seize records and
property.
Any transfer made pursuant to a direction issued under this section discharges the obli-
gation of the person making the transfer.
No court can hold any person civilly or criminally liable in connection with anything
done in good faith in connection with the administration of section 301 or in reliance on any
action taken under that section.
The President may define all terms used in the section in order to carry out its purposes.
The section provides for the fining and imprisonment of persons who willfully violate its
provisions. In addition, the enormous regulatory and vesting powers contained in the section
may be invoked against such persons.
Section 302 is a ratification by the American Congress of prior executive acts in admin-
istering freezing control.
SECCIONES 301 Y 302 DE LA PRIMERA LEY SOBRE PODERES DE GUERRA DE 1941-Control de
cambios extranjeros, control sobre el sistema monetario y poderes sobre la propledad extranjera
La sección 301 de la Primera Ley de Poderes de Guerra, promulgada en 1941, confiere al
Presidente de los Estados Unidos, en tiempo de guerra o emergencia nacional, extensos poderes
para reglamentar el sistema monetario, el cambio de monedas extranjeras, y los pagos y los
traspasos de créditos de cualquier persona.
Además, dicha sección faculta ampliamente al Presidente para regir, en cualquiera forma,
los bienes en que tengan alguna participación nacionales extranjeros. Los poderes sobre la
propiedad de extranjeros dan al Presidente, entre otras, la facultad de prohibir cualquier trans-
acción sobre bienes de extranjeros, salvo licencia para ello; la de conferir la posesión de cual-
quier propiedad perteneciente a un extranjero, en interés de los Estados Unidos, y la de insti-
tuir inspectores y administradores en cualquier propiedad extranjera.
La misma sección otorga al Presidente plenos poderes para secuestrar archivos y propie-
dades o practicar informaciones en ellos.
Cualquier traspaso efectuado de acuerdo con una disposición contenida en esta sección
pone fin a la obligación del transferidor.
Ningún tribunal es competente para conocer civil o criminalmente en causas instruídas
contra cualquier persona responsable de algún hecho, realizado de buena fe, en contravención
de las disposiciones contenidas en la sección 301, o en cualquiera acción emprendida de acuerdo
con las mismas.
El Presidente puede resolver sobre la interpretación de los términos usados en esta sección
a fin de dar cumplimiento a los fines de la misma. Esta sección prescribe el descubrimiento y
captura de las personas que infrinjan voluntariamente sus disposiciones. Asimismo se pueden
invocar contra dichos transgresores los extensísimos poderes de reglamentación y de otorgación
de posesión contenidos en la sección de que se trata.
La Sección 302 es la ratificación por el Congreso de las leyes relativas a la administración
del control de inmovilización de fondos.