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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 TO THE FEDERAL RESERVE BOARD X-S934 July 23, 1931. SUBJECT: Code word to cover telegraphic transactions in Treasury Bills. Dear Sir: In connection with telegraphic transactions in Government securities between Federal reserve banks, the code word "HOXGABOT" has been designated to cover a new issue of Treasury Bills, dated July 27, 1931, and maturing October 26, 1931. This word should be inserted in the Federal reserve telegraph code book, following the supplemental code word "NOXBRE^IZE"ยป on page 172. Very truly yours, J. C. Hoell, Assistant Secretary. TO GOVERNORS OP ALL J. R. BANKS