811.51637/1: Telegram
The Ambassador in Cuba ( Crowder ) to the Secretary of State
[Received April 18—2:10 a.m.]
17. Reference to your number 33, April 17, 4 p.m. Department will of course have in mind its number 159 of September 29, 1921, 6 p.m.,33 transmitting designation by New York Federal Reserve Bank of the National City Bank as its Cuban agent under section 14, Federal Reserve Act. I understand however that this agency has not actively engaged in the transaction of business prescribed in that section. Believe conditions favorable to the success of an agency which will engage actively in the transaction of such business and that opportune announcement that one will be established will be helpful in the present crisis.
- Not printed.↩