[Code of Federal Regulations]
[Title 19, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR159.35]

[Page 233]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 159--LIQUIDATION OF DUTIES--Table of Contents
 
                Subpart C--Conversion of Foreign Currency
 
Sec. 159.35  Certified daily rate.

    The daily buying rate of foreign currency which is determined by the 
Federal Reserve Bank of New York and certified to the Secretary of the 
Treasury in accordance with 31 U.S.C. 5151(e) shall be used for the 
conversion of foreign currency whenever a proclaimed rate or certified 
quarterly rate is not applicable under the provisions of Secs. 159.33 
and 159.34. If the date of exportation is one on which banks are 
generally closed in New York City, then the certified daily rate for the 
last preceding business day shall be considered the certified daily rate 
for the day of exportation.

[T.D. 73-175, 38 FR 17482, July 2, 1973, as amended by T.D. 97-82, 62 FR 
51771, Oct. 3, 1997]