Foreign Relations of the United States Diplomatic Papers, 1938, The American Republics, Volume V

832.5151/952: Telegram

The Ambassador in Brazil (Caffery) to the Secretary of State

Rio de Janeiro, January 4, 1938—3 p.m.
[Received 3:28 p.m.]

1. My telegram No. 194. It is my opinion that, notwithstanding assurances of the Brazilian authorities, there is danger of frozen credits situation here again on account of oversold exchange position of the Banco do Brazil.

Caffery