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F E D E R A L

R E S E R V E

B O A R D

WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
THE FEDERAL RESERVE BOARD

X-6955
September 2, 1931.

SUBJECT:

Code Words to cover Telegraphic Transactions in
Treasury Bonds and Certificates of Indebtedness.

Dear Sir:
In connection with telegraphic transactions in
Government securities between Federal reserve banks, the
following oode words have been designated:
"NOWCEDAR"

Treasury 3% Bonds of 1951-55, dated
September 15, 1931.

"NOWHINT"

Treasury Certificates of Indebtedness,
Series TS-1932, dated September 15,
1931, due September 15, 1932.

These code words should be inserted in the Federal reserve telegraph codfe book on f'age 172.
Very truly yours,

E. M. McClelland,
Assistant Secretary.,

TO GOVERNORS OF ALL FEDERAL RESERVE BANKS