893.51/7671: Telegram

The Secretary of State to the Ambassador in China (Gauss)

201. For Adler from the Secretary of the Treasury. Your cable dated February 3, 1943, No. TF–89.

The Treasury sees no objection to the Board’s investing the US $2 million in its account with the Federal Reserve Bank in direct obligations of the Government of the United States.
It is assumed that if the Board desires to make such investment it will consult with the Federal Reserve Bank of New York as to the type of security or securities in which it desires to invest. [Morgenthau.]