Papers Relating to the Foreign Relations of the United States, 1919, Russia

861.51/487

The Acting Secretary of State to the Federal Reserve Board

Washington, February 26, 1919.

Sir: I beg to acknowledge the receipt of your letter of February 10, 1919,³² stating that unless the Department of State recommended such action adversely, the following order would be issued by the Federal Reserve Board on Friday, February 14:

“Until otherwise instructed, the exportation or importation of Russian rubles, or the transfer of funds for their purchase by persons and dealers in the United States as described under the Executive Order of the President of January 26, 1918 is prohibited.”

This order, I am informed by your office was duly issued on February 14.

I am [etc.]

Frank L. Polk

32. Not printed.