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FERgRAL RESERVE # Q A R D WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-6905 J u n e 5, 1931. SUBJECT: Code word t o cover 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 3-I/856 T r e a s u r y Bonds of 1946 - 1949. Dear S i r : In connection with telegraphic 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 F e d e r a l r e s e r v e "banks, t h e code word "HOWCEASE" has been d e s i g n a t e d t o cover t h e new i s s u e of 3 - 1 / 8 $ Treasury Bonds of 1946 - 1949. This code word should "be i n s e r t e d i n t h e F e d e r a l r e s e r v e t e l e g r a p h code book, f o l l o w i n g t h e supplemental code word "ITOWCABAL" on page 172. Very t r u l y y o u r s , J . C. N o e l l , Assistant Secretary. TO G-OVEBNOBS OF ALL F. R. BANKS
@FedFRASER