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FEDERAL RESERVE BOARD WASHINGTON X-3780 July 17 J 1923· SUBJECT: Code Words to be used in connection with transfers to 57~ Redemption Fund accounts of National Banks. Dear Sir: In order to reduce the phraseology in a large number of telegrams from the National Bank Redemption Agency to Federal Reserve .Banks and .Branches, it has been suggested to the .Board by the Superintendent of the National llank Redemption Agency that additional code words supplied from the Federal Reserve Telegraphic Code, be designated to cover telegrams bet"Ween the Agency and the J?anks an<!.J?ranches t which r~.ve reference to correct~ons a~d adJUstments 1n the 57o Redemptlon Fund accounts of Nat:wna.l banks on deposit with the Tr ea.surer of the United States. This suggestion meets with the a.pproval of the :doard, and you are advised that, commencing with August 1 1 1923, the following code word will be used by the National :dank Redemption Agency in its telegrams to the Federcl Reserve :Banks and Branches: DUP~Uill: Verify item $ for credit of (name of bank) reported in your sche~e (date) of depoaits for 5~ Rederrq:>tion Fund of National Banks. The following code word will be used by the National :Bank Redemption Agency in its telegrams to the Federal Reserve Banks: DURATE: Complyin~ with wire (head office or Branch) (date) your Gold Rademption Fund account has been credited $ to a.djus t 5% deposit reported by you for credit of (name of bank). It is also requested that the code words DUPMAN and DURATE, indicated in this letter 1 be added to the bottom of pa.ge 80 of the new code book, to follow the supplerr.ental code word DUSKYYours very truly, Walter L. Eddy. Assistant Secretary. TO GOVERNORS OF F• R. BANKS
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