TREASURY'DEPARTMENT
WASHINGTON
March 20, 1941.
My dear Mr. Secretary:
Reference Is made to the letter dated January 28,
1941, from the Secretary of State to the Secretary of
the Treasury, with which there were enclosed two
authenticated photostatic copies of a note (W 9188/G -
Secret) dated December 20, 1940, received by the American
Embassy in London from the British Foreign Office,
relative to the opening of further accounts by the
Federal Reserve Bank of New York in the name of the
British Government, and two authenticated copies of
a note dated January 20, 1941, received by the Depart-
ment of State from the British Embassy in Washington,
relating to such note of December 20, 1940.    A copy of
the Secretary of State's letter dated January 28, 1941,
and one of the authenticated copies of each of the
notes dated December 20, 1940 and January 20, 1941,
were forwarded by the Treasury Department to the Federal
Reserve Bank of New York; and the Federal Reserve Bank
of New York has acknowledged the receipt thereof, and
has advised that, in accordance with the request con-
tained in the note dated December 20, 1940, it has
opened for and in the name of the British Government
a further account designated "his Britannic Majesty's
Government Special Account B", and that it has been
advised by cable from the Bank of England that instruc-
tions as to the operation of such account and the
names of signatories will be cabled in due course.
It is reouested that a copy of this letter be
furnished to the British Government for its information.
Very truly yours,
D.  W. BELL
Acting Secretary of the Treasury
The Honorable
The Secretary of State.