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288 BOARD OF GOVERNORS CJF" THE FEDERAL RESERVE SYSTEM H-1 WASHINGTON ADDRESS OF"f"ICIAL CORRESPONDENCE TO THE BOARD June 3, 1937. Dear Sir: The Board's letter of June 26, 1956 (X-9652) designated the code word "BROKISH" effective July 1, 1936, for use in te],.egrams sent by the Commissioner of Accounts and Deposits, Treasury Department, to the Federal reserve banks, covering authorization to hold for a temporary period collateral as security for deposits made with general and li.mi ted depositaries of public moneys. In order to further telegrams the code word redu~e 11 the phraseology of these BROKISH11 is cancelled and the fol- lowing code words substituted therefor, effective June 10, 1937. "BROKI.AV/ 11 • You are hereby authorized to accept the following collateral tendered by the bank named as secur:i.ty for Government deposits 1mder the terms of Treasury Circular 176. This collateral should be held for the account of the Secretary of the Treasury, subject to the order of the Commissioner or Assistant Commissioner of Accounts and Deposits or the Chief, or Assistant Chief, Division of Deposits. (Followed by descrlption of collateral and name of bank.) "BROKMEN". You are hereby authorized to release to the bank named the collateral described below now held as security for Government depodt::> under the terms of Treasury Circule,r 176. (Followed by description of collateral and name of bank.) 289 -2- R-1 "BROKOLI". You are hereby authorized to make the following substi tutlon in the collateral, held as se- · curity for Government deposits under the terms of Treasury Circul.<~.r 176 for the "account of the bank named. This collateral should be held for the account of the Secretary of the Treasury, subject to . the order of the Commissioner or Assistant Commissioner of Accounts and Deposits or the Cn1.ef, or Assistant Chief, Division of Deposits. (Followed by description of collateral to be released and the collateral accepted in addition to the name of the bank.) These code words should be inserted in the Federal Reserve Telegraph Code Book following the code word "BROKENLY" on page 36. Very truly yours, TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS.
@FedFRASER