[Code of Federal Regulations]

[Title 19, Volume 2]

[Revised as of April 1, 2006]

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

[CITE: 19CFR159.35]



[Page 233]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

        HOMELAND SECURITY; DEPARTMENT OF THE TREASURY (CONTINUED)

 

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 Sec. Sec.  

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]