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35 BOARD OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM X-9794 WASHINGTON A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO THE BOARD January 16, 1937. 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: "NOYWON" - Treasury Bills to be dated January 20, 1937, and to mature October 20, 1937. This word should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code word "NOYWIG" on page 172. Very truly yours, / " jarpentei Assistant Secretary. TO PRESIDENTS OF ALL F. R. BANKS