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FEDERAL RESERVE BOARD ^ WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-7105 February 27, 1932. SUBJECT: New Issue Treasury B i l l s . Dear S i r : In connection with t e l e g r a p h i c t r a n s a c t i o n s i n Government s e c u r i t i e s "between Federal r e s e r v e t a n k s , the code word "HOXDEALER" has "been designated to cover a new i s s u e of Treasury B i l l s , dated March 2, 1932, and maturing June 1, 1932. This word should "be i n s e r t e d i n t h e Federal r e s e r v e t e l e g r a p h code "book, following the supplemental code word "NOXDAWDLE" on page 172. Very t r u l y yours, E. M. McClelland, Assistant Secretary. TO GOVERNORS OF ALL F. R. BANKS. ISO