Agencies giving relief to individuals who are nationals of countries affected by Government freezing orders, and who arrived in the United States subsequent to June 17, 1940, may make application to the Federal Reserve Bank in their district for a blanket license, it was learned here today by the National Refugee Service.
Under this license, the agencies are permitted to make relief payments to any and all refugees affected by the blocking. The blanket license will permit the payment of relief grants by each agency up to a total monthly amount, and will also provide for a maximum for each individual grant. Licenses of this sort are generally granted for a period of three months, after which they may be renewed. Alternatives to obtaining a blanket license are to pay each relief grant into a blocked account in a domestic institution in the name of the blocked refugee, or to obtain a special license for each grant. In the case of committees making loans to refugees as distinct from relief payments, the blanket license should include the provision for such loans.
The National Refugee Service has offered its services to cooperating agencies concerning the form and content of the application which they should make. The necessity for such a license, its terms, and its availability may vary from one Federal Reserve District to another.
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