832.51/1033: Telegram
The Chargé in Brazil (Gordon) to the Secretary of State
[Received 6:42 p.m.]
79. My 74, March 28, 7 p.m.56 Bank of Brazil has just begun to liquidate old exchange contracts concluded by it, and dollar contracts held by National City Bank were today liquidated for first time since December 12th. So far Bank of Brazil has asked banks whose contracts have been liquidated to regard the matter as confidential and as special treatment and it has not been willing to make a public announcement concerning the liquidation of these contracts. It is to be hoped, however, that as a result of this opening wedge the Bank may be brought to see both the virtue and necessity of making a public declaration of policy benefiting all banks alike.
- Not printed.↩