837.51/1–446: Telegram

The Secretary of State to the Ambassador in Cuba (Norweb)


9. From Treasury. Please inform the Cuban Minister of the Treasury90 that instructions were given on December 19, 1945 to the Federal Reserve Bank of New York, as fiscal agent of the United States, to earmark, pursuant to the agreement dated July 6, 1942,91 for the account of the Government of the Republic of Cuba an additional $5,000,000 in gold. Federal Reserve Bank of New York will advise the [Page 763] Cuban Minister of the Treasury of the earmarking of this gold and the total cost thereof to the Cuban Government. Upon receipt of such advice the Minister of the Treasury is authorized and requested to deposit to the credit of the Treasurer of the United States in a custody account at the Havana Branch of the National City Bank of New York in United States currency the amount of the cost of such gold. [Treasury.]

  1. Manuel Fernández Superveille.
  2. For a press release on the gold purchase agreement with Cuba, designed to stabilize the Cuban peso–United States dollar rate of exchange, see telegram 418, July 3, 1942, midnight, to Havana, Foreign Relations, 1942, vol. vi, p. 295. Pursuant to this agreement, five additional allotments of $5,000,000 each were earmarked for the account of the Cuban Government during 1946.