[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR535.211]



[Page 139]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 535_IRANIAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec. 535.211  Direction involving transfers by the Federal Reserve Bank 

concerning certain Iranian property.



    The Federal Reserve Bank of New York is licensed, authorized, 

directed and compelled to transfer to its account at the Bank of 

England, and subsequently to transfer to accounts in the name of the 

Central Bank of Algeria as Escrow Agent at the Bank of England that are 

established pursuant to an escrow and related agreements approved by the 

Secretary of the Treasury, all gold bullion, together with all other 

assets in its custody (or the cash equivalent thereof), of Iran or its 

agencies, instrumentalities or controlled entities. Such transfers, and 

whatever further related transactions are deemed appropriate by the 

Secretary of the Treasury, shall be executed when and in the manner 

directed by the Secretary of the Treasury.



(Secs. 201-207, 91 Stat. 1626, 50 U.S.C. 1701-1706; E.O. 12170, 44 FR 

65729; E.O. 12205, 45 FR 24099; E.O. 12211, 45 FR 26685; E.O. 12276, 46 

FR 7913; E.O. 12279, 46 FR 7919; E.O. 12280, 46 FR 7921; E.O. 12281, 46 

FR 7923; E.O. 12282, 46 FR 7925; E.O. 12283, 46 FR 7927, and E.O. 12294, 

46 FR 14111)



[46 FR 14333, Feb. 26, 1981]



[[Page 140]]