Publishing, as A Supplement To Proclamation No. 592, Dated August 5, 1940, Executive Orders of the President of the United States, Regulations, Instructions, General Rulings, General Licenses, and General Authorizations By the Secretary of the Treasury of the United States, and Orders of the United States High Commissioner To the Philippines and Information Relating To Property in Which Norway, Denmark, Belgium, the Netherlands, Luxembourg, France, Or Nationals Thereof Have An Interest
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Publishing, as A Supplement To Proclamation No. 592, Dated August 5, 1940, Executive Orders of the President of the United States, Regulations, Instructions, General Rulings, General Licenses, and General Authorizations By the Secretary of the Treasury of the United States, and Orders of the United States High Commissioner To the Philippines and Information Relating To Property in Which Norway, Denmark, Belgium, the Netherlands, Luxembourg, France, Or Nationals Thereof Have An Interest
Proclamation No. 619
September 20, 1940
Case Overview and Summary
Summary of the Law:Provisions Regarding Foreign Exchange Transactions and Property Interests of Foreign Countries and Nationals
- Executive Orders issued by President Franklin D. Roosevelt extending restrictions on transactions involving property interests of certain foreign countries and their nationals. (Sections 1-3)
• Covers property interests of France and its nationals from June 17, 1940 onwards. (Section 1)
• Covers property interests of Latvia, Estonia, and Lithuania and their nationals from July 10, 1940 onwards. (Section 2)
• Prohibits certain dealings with securities bearing tax stamps or seals of designated foreign countries, and acquisition of interests in securities not physically situated in the U.S. (Section 3)
- Regulations and Instructions issued by the U.S. Treasury Secretary regarding foreign exchange transactions and property interests. (Sections 4-29)
• Extends regulations to cover property interests of France and its nationals from June 17, 1940. (Section 4)
• Instructions to U.S. government agencies and banking institutions regarding transactions involving property interests of France and its nationals. (Section 5)
• Amendments to General Rulings and General Licenses related to transactions involving property interests of designated foreign countries and their nationals. (Sections 6-28)
• Reporting requirements for banking institutions conducting authorized transactions. (Sections 7, 11, 13, 16, 17, 19, 21-24, 27)
• Authorizations for specific banking institutions and types of accounts. (Sections 8-10, 12-15, 18-20, 25-26)
• Delivery and custody arrangements for securities held by Federal Reserve Banks. (Section 27)
• General authorization for the U.S. High Commissioner to the Philippine Islands to grant licenses for certain transactions. (Section 29)
- Orders of the U.S. High Commissioner to the Philippine Islands regarding administration of Executive Orders and Regulations. (Section 30)
• Designates officials to sign orders, licenses, reports, and documents related to the control of credits and securities in the Philippine Islands. (Section 30)
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Publishing, as A Supplement To Proclamation No. 592, Dated August 5, 1940, Executive Orders of the President of the United States, Regulations, Instructions, General Rulings, General Licenses, and General Authorizations By the Secretary of the Treasury of the United States, and Orders of the United States High Commissioner To the Philippines and Information Relating To Property in Which Norway, Denmark, Belgium, the Netherlands, Luxembourg, France, Or Nationals Thereof Have An Interest
Proclamation No. 619
•September 20, 1940
MALACAÑANG PALACEManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 619
PUBLISHING, AS A SUPPLEMENT TO PROCLAMATION NO. 592, DATED AUGUST 5, 1940, EXECUTIVE ORDERS OF THE PRESIDENT OF THE UNITED STATES, REGULATIONS, INSTRUCTIONS, GENERAL RULINGS, GENERAL LICENSES, AND GENERAL AUTHORIZATIONS BY THE SECRETARY OF THE TREASURY OF THE UNITED STATES, AND ORDERS OF THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINES AND INFORMATION RELATING TO PROPERTY IN WHICH NORWAY, DENMARK, BELGIUM, THE NETHERLANDS, LUXEMBOURG, FRANCE, OR NATIONALS THEREOF HAVE AN INTEREST.
As a supplement to Proclamation No. 592, dated August 5, 1940, the following are hereby published for the information and guidance of all concerned:
EXECUTIVE ORDERS OF THE PRESIDENT OF
THE UNITED STATES
(Continued)
1. "AMENDMENT OF EXECUTIVE ORDER NO. 8389 OF
APRIL 10, 1940, AS AMENDED.
"By virtue of the authority vested in me by section 6 (6) of the Act of October 6, 1917 (41) Stat 411), as amended, and by virtue of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do...
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