861.51/912
The Assistant Secretary of the Treasury
(Gilbert) to the Acting Secretary of State
Washington, December 20,
1920.
Dear Mr. Davis: Referring to our recent
conference, I enclose for your information two copies of a public
statement released on this date announcing the removal of the
restrictions on credit and exchange transactions with that part of
Russia now under the control of the so-called Bolshevik
Government.
Sincerely yours,
[Enclosure]
Statement Issued to the Press by the
Treasury Department, December 20, 1920
The Secretary of the Treasury and the Federal Reserve Board
announce that with the approval of the Department of State and
in order to give force and effect to the action of that
Department in removing restrictions in the way of trade and
communication with Soviet Russia, as announced by that
Department on July 7, 1920,20 all rules and
regulations restricting the exportation of coin, bullion and
currency to that part of Russia now under the control of the
so-called Bolshevik Government, or restricting dealings or
exchange transactions in Russian rubles, or restricting
transfers of credit or exchange transactions with that part of
Russia now under the control of the so-called Bolshevik
Government have been suspended, effective December 18, 1920,
until further notice.
