UN General Assembly
1969

those interests the Central Bank of Honduras repeatedly stated that the Investment Bank was operating normally, It was, however, considered necessary to guarantee that that Bank’s reserves would remain in the country so that the deposits of Honduran citizens would not be left uncovered, particularly when it was observed that on 3 July, in a departure from its customary practice, the branch had transferred a large sum of money to its central office. 160. What is certain is that in El Salvador the funds of Honduran residents have been frozen and — a most unusual fact — it has been confirmed that the governing boards of Salvadorian companies with branches in Honduras have given instructions from El Salvador to United States banks to refrain from making payments to those branches. Financial operations cannot be normalized as long as El Salvador is unwilling to guarantee the payment of more than $4 million advanced in credit to Salvadorian citizens and companies by various Honduran national institutions, apart from $3 million in commercial credits.