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Correspondence and Related Records of the Foreign Exchange Policy Group 1945-48
Boxes 265-267 location: 390/46/6/01
Foreign Exchange and Blocking Control Branch
The Foreign Exchange and Blocking Control Branch had as its responsibilities the blocking, administering, and disposing of certain categories of property within Germany, and of controlling the use of foreign exchange assets. In order to achieve the financial controls necessary for the attainment of Allied objectives in Germany, two basic laws were imposed upon the occupied areas of Germany and made effective as of the day of such occupation. These were Military Government Law No. 52 (Blocking Control Law) and Military Government Law No. 53 (Foreign Exchange Control Law). Having been in effect throughout the SHAEF occupation period, they remained in force in the US Zone as well as the British and French Zones. Similar controls implemented by somewhat parallel laws were in effect in the Russian Zone.
The controls were put into effect to ensure German firms and individuals could not participate in international cartels or other restrictive contracts and arrangements. Military Government Law No. 53 prohibited any financial transactions involving persons inside Germany with any persons outside Germany, provided for the declaration of all German external claims, provided for the delivery and surrender of all foreign exchange assets to the various local Reichsbanks which in turn furnished full information concerning such assets to the Military Government, and prohibited the importation of all currency and foreign exchange assets into Germany and the exportation of all values from Germany. The law also contained provisions for the licensing of prohibited transactions, thus offering the possibility for a resumption of normal foreign exchange transactions, insofar as they were in accord with the objectives of the Military Government.
Military Government Law No. 52 was promulgated upon the occupation of Germany. This law blocked all property owned or controlled directly or indirectly in whole or in part by the Reich or any political subdivision or agency thereof, the Nazi Party and affiliated organizations, all persons who were high in the political and economic life of Germany, and persons residing outside of Germany. Moreover, property which had been the subject of transfer under duress or wrongful acts and confiscation was also blocked. The Law not only blocked the property but also gave to the Military Government the right to seize, take title to, and manage or control any such property. Another provision of the Law prohibited all transactions in blocked property except as licensed by the Military Government.
Records of the Foreign Exchange and Blocking Control Branch of the Foreign Exchange Policy Group 1945-48
Boxes 268-294 location: 390/46/6/01
Box # File Title or Subject
268 Absentee Ownership-Military Government Law 52
Absentee Ownership
Accounts Blocked under Military Government Law 52
Accounts Blocked under Military Government Law 53
location: 390/46/6/01
269 Administration of Military Government in U.S. Zone
American Insurance in Foreign Countries
Assets, Allied, in Germany location: 390/46/6/01
270 Austrian Securities
Bank Accounts (2 folders)
Bank Decentralization (2 folders)
Bank Deutsche Laender
Bank Land Control location: 390/46/6/01
271 Bank of England Account
Banking
Banks and Financial Institutions (2 folders) location: 390/46/6/01
272 Belgium
Blocked Accounts (2 folders)
Blocking-Unblocking location: 390/46/6/02
273 Blocking Procedures
Blocking and Unblocking of Funds and Property
Business Interests in Germany location: 390/46/6/02
274 Cables (3 folders)
Canada
Cartels
Censorship location: 390/46/6/02
275 Claims (2 folders)
Chron. File-Secret and Confidential 1947 location: 390/46/6/02
276 Confiscation
Control Council
Conferences
Credit Instruments
CROWCASS{Note 1} location: 390/46/6/02
277 Currency Section (5 folders)
Currencies and Securities
Customs Studies
Cutlery of F.W. Engles
Czechoslovakia location: 390/46/6/02
278 Daily Reports
Decentralization
Denazification (2 folders)
Deportees
Devisen (Foreign Exchange Laws in Germany)
Digest for Germany and Austria
Directives, Laws, Misc. location: 390/46/6/02
279 Distribution of Foreign Currency
Enemy Property Custodian
Enforcement
Displaced Persons
Disposal of Blocked Assets location: 390/46/6/03
280 Expelles
Export-Import (3 folders)
External Assets
I.G. Farben (2 folders) location: 390/46/6/03
281 Federal Reserve Bank (Fusion Agreement)
Finance Bulletins and Ordinances
Finance Directorate-General
Foreign Exchange and Blocking Control Branch Finance Reports
Finance and Property Control Section [monthly reports]
location: 390/46/6/03
282 Financial Personalities [included is information from or about Dr. Sigfried Arndt, Freiherr Schenk zu Schweinsberg(Von Schenk), Dr. Schone, Wilhelm Keding, Kurt Schmieder, Gerhard Knitter, J.H. Stein Bankhaus, Kurt von Schroeder, Friedrich Flick, Herman Roechling, Alfred Krupp von Bohlen und Halbach, Hjalmer Schacht, Walther Funk, Albert Speer, Fritz Sauckel, Paul Korner, Dr. Karl Blessing, Dr. Friedrich Ernst, Dr. Otto Schniewind, and Herman Schmitz.
Financial Reports
Foreign Exchange and Blocking Control History
Foreign Exchange
France
Foreign Exchange Depository-Frankfurt
Foreign Exchange Assets (2 folders) location: 390/46/6/03
283 Funds
German Debt
German External Assets
German External Property Commission (5 folders)
German Intelligence Reports on Selected Subjects [included are Relations Between the Reichsbank and Private Banks, Notes on the Personalities and Work of the Higher Officials in the Reichsfinanzminsterium, Notes on Further Aspects of German Banking, The Reichsbank and its Relations With Other Institutions, Social Insurance in Germany, Reichsgruppe Banken, War Damage Compensation in Germany, Detail Interrogation Report: Conditions in Germany (includes financial assets in Argentina), and Reinhardt Letter No. 10 for Revenue Officers]
284 Germany
Germany-Basic Policies
Germany-Foreign Exchange Law
Goldcup
History of Foreign Exchange and Blocking Control Branch
Hungary
Hungary-National Bank
Import-Export Problems location: 390/46/6/03
285 Insurance
Internal Restitutions
Intergovernmental Committee on Refugees
Interpretations
Interrogations (2 folders; one folder contains a 112pp. transcript of record of financial interrogations of Herman Goering, Walther Funk, Schwerin von Krosigk, and Hans Lammers; and, the other contains numerous interrogations, including various interrogations of Emil Puhl during July and August 1945 and various interrogations of Herman Goering during June and July 1945). location: 390/46/6/03
286 Investigations
Investments in Germany
JCS 1067 location: 390/46/6/04
287-288 Licenses and Licensing location: 390/46/6/04
288 Luxembourg
MGAF location: 390/46/6/04
289 Military Government Directives
Military Government Law No. 8
Military Government Law 52 (2 folders)
Military Government Law 53 (3 folders)
Military Government Law 63 location: 390/46/6/04
290 Military Government Ordinances and Functions
Military Government Regulations
Ministerial Control
Ministry of Economics-Dept. IV location: 390/46/6/04
291 Miscellaneous Reports location: 390/46/6/04
292 Monthly Bulletin (Financial)
OSS Documents
Paris Conference Act
Patents
Property Control, Blocking and Freezing
Reports-Military Government
Securities location: 390/46/6/04
293 Spain location: 390/46/6/05
294 12th Army Group-Reports-Germany
US Group Control Council (5 folders)
Vesting Programs
Welfare Agencies-Nazi Party location: 390/46/6/05
{1}Return to text Central Registry of War Criminals and Security Suspects
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