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FEDERAL RESERVE BOARD WASHINGTON X-6978 ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD September 25, 1931. SUBJECT: Code Word to cover Telegraphic Transactions in Treasury B i l l s . Dear S i r : In connection with telegraphic transactions in Government s e c u r i t i e s between Federal reserve banks, the code word "HOXCENT" has been designated to cover a new issue of Treasury B i l l s , dated September 30, 1931, and maturing December 30, 1931. This word should be inserted in the Federal r e serve telegraph code book, following the supplemental code word "NOXCEDE", on Page 172. Very t r u l y yours, J . C. Noell, Assistant Secretary. TO GOVERNORS OF ALL F. S. BANKS.