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U.S. Federal Reserve Board Foreign Credit Restraint Program*

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[Reproduced from Federal Reserve Press Release of April 4, 1969.

[The Federal Reserve Board 1968 guidelines on foreign credit restraints appear at 7 International Legal Materials 66 and 442 (1968).]

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1] See Note on p. 21. [I.L.M. page 626.]

1] See Note on p. 21. [I.L.M. page 626.]

Note.--Developed countries other than Canada and Japan: continental Western Europe—Austria, Belgium, Denmark, France, Germany (Federal Republic), Italy, Liechtenstein, Luxembourg, Monaco, Netherlands, Norway, Portugal, San Marino, Spain, Sweden, and Switzerland; other developed countries are: Abu Dhabi, Australia, the Bahamas, Bahrain, Bermuda, Hong Kong, Iran, Iraq, Ireland, Kuwait, Kuwait-Saudi Arabia Neutral Zone, Libya, New Zealand, Qatar, Republic of South Africa, Saudi Arabia, and the United Kingdom. Also to be considered “developed” are the following countries: Albania, Bulgaria, the People’s Republic of China, Cuba, Czechoslovakia, Estonia, Hungary, Communist-controlled Korea, Latvia, Lithuania, Outer Mongolia, Poland (including any area under its provisional administration), Rumania, Soviet Zone of Germany and the Soviet sector of Berlin, Tibet, Union of Soviet Socialist Republics and the Kurile Islands, Southern Sakhalin, and areas in East Prussia which are under the provisional administration of the Union of Soviet Socialist Republics, and Communist-controlled Vietnam.

* [Reproduced from Federal Reserve Press Release of April 4, 1969.

[The Federal Reserve Board 1968 guidelines on foreign credit restraints appear at 7 International Legal Materials 66 and 442 (1968).]

U.S. Federal Reserve Board Foreign Credit Restraint Program*

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