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BOARD OF G O V E R N O R S X-9651 OF THE 39 FEDERAL RESERVE SYSTEM WASHINGTON A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO T H E BOARD July 18, 1956, SUBJECT: Code Word Covering New Issue of Treasury Bills. Dear Sir; In connection with telegraphic transactions in Government securities between Federal reserve banks, the following code word has been designated to cover a new issue of Treasury Bills: "NOYPAL" - Treasury Bills to be dated July 22, 1936, and to mature April 21, 1957. This word should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code word "NOYOZY" on page 172. Very truly yours S. R. Carpente/, Assistant Secretary. TO PRESIDENTS OF ALL F. R. BANKS