At a meeting of the Go.,4 port Committee of the Federal oservo Board held in the office of Mr. Warburg on Monday, May 2u, 1918, at 10 4arburg, presiding, Er. Willis, Secretary. Mr. Miller, Present also: Mr. strauss. Applications for permission to export coin, bullion and currency, with papers relating thereto were presented and acted upon as follows: Discussion of quo tion whether shipments of gold should De allowed in return for imported silver which is Drought into the United States to be im- mediately re-exported. Discussed - no action. Discussion of question whether gold shipments to Vera Cruz, nexico, are necessafy under existing conditions. ( Farmers Loan & Trust Company applica- tions). Discussed - no action. A letter from Mercantile Bank of ericas, re their application, to export gold to Colombia, #1837. License ordered signed on condition that raw gold comes from Colombia. A letter National City Bank, incloslng ap- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
19180520_1000a_Minutes.pdf
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At a meeting of the Go.,4 port Committee
of the Federal oservo Board held in the office of
Mr. Warburg on Monday, May 2u, 1918, at 10
4arburg, presiding, Er. Willis, Secretary.
Mr. Miller,
Present also: Mr. strauss.
Applications for permission to export coin,
bullion and currency, with papers relating thereto
were presented and acted upon as follows:
Discussion of quo tion whether shipments of
gold should De allowed in return for imported silver
which is Drought into the United States to be im-
mediately re-exported. Discussed - no action.
Discussion of question whether gold shipments
to Vera Cruz, nexico, are necessafy under existing
conditions. ( Farmers Loan & Trust Company applica-
tions). Discussed - no action.
A letter from Mercantile Bank of ericas,
re their application, to export gold to Colombia,
#1837. License ordered signed on condition that
raw gold comes from Colombia.
A letter National City Bank, incloslng ap-
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
plication (#18641j for permission to export gold
(goo,000) to Venezuela. License ordereu signed.
' A letter Geo. C. L)herman, of _!andicott,
Johnson & Co., reo:‘,estin reconsideration of his
application to earl-, b05,Ju roubles to Ilassia.
(4107). Suspended.
Appliction of Antonio Mellillo, to export
to L. Dupont & Co., Italy, ..*4,00.0 'old bullion
(41589) with correspondence re. Declined.
Application of Lazapil Copper Co., (1871)
to export to Lexico, .101,020 gold. Tabled Lay
17 and !lay 18. Declined, w3cretary to state reasons.
it letter T. 2. Littlepage re applications
by him on behalf Negociacion Linera do an Rafael
of Mexico. Read and noted.
A letter First National Bank, Douglas,
Arizona, re License o. 1826 favor International
Commission Company. Secretary to say Board regrets
Inability to change rulings.
A letter II. J. Big3, re license 1284.
Noted - old ruling reaffirmed.
A letter M. M. Parker re Obregon ai)olica-
tions. roted.
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letter JOnn Merrill, re his al;plication
and.1 ense 41788. Declined,
A letter Federal Reserve Bank of 6t. Louis
tranmitting copy of license granted by it.
proved.
1886. Casino Bengoecnea, Vice Consul de
Mexico, '2residio, Texas, to General Jose C. Murguia,
Ojinago, Mex., 30,000 gold dura g Ma:T. (Transmit-
ted by Mr. Bonil1as). Granted in silver or paper
except gold or silver certificates.
1887. The Nat ional ?ark Bank, New York,
througn L. Denike, Laredo, Texas, to Yego iacion
Minera dean Rafael, y Anexas, Lexie°, 40'48,000
gold during June. by T. P. Littlepage,
aishington). Granted.
1888. Ribert L. Holliday, New York, to
Receiver or Taxes, Mexico, via Li .0aso, Texas,
;05,000 golJ coin. Declined.
13L39, Handy & Harman, New York, to Mocatta
oldsmid, Lngland, during May or June,
i0300,000 silver bullion.. Granted.
1890. Handy 8: Harman, New York, to Mecatta
Goldsmid, London, Lngland, during May or June,
40'2000,000 silver bullion. Granted.
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1691. Chase National Bank, New York, to
Royal Bank of Canada, Puerto Plata, R. D., ,A:0,000
paper currency. Granted.
1892. R. Garcia Y Cia. l Paso, to same,
Juarez, Mexico, daily, 4;1,000 paper currency.
Granted in silver coin and paper currency except
gold or slver certificates.
1893. Canal Bank & Trust Company, New
Orleans, to Schwartz & Co., Guatemala City, Guatemala
5,000 paper currency. Granted, except cold or
silver certificatL.s.
1894. Bank of Nova Scotia, Boston, to same,
Liontreal, ,;>5,00 paper currency. Granted, except
gold or silver certificates.
1895. United Zruit Co., Boston, to same,
Santa Marta, Colombia, ,ir20,000 paper currency.
Granted except .old certificates and re4uest elim-
ination of silver certificates as f-- as possible.
General discussion ensued.
itt 10:40 M., the Committee adjourned.
APPLOVLD:
Secretary
Chairman
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