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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board

Xr-7015
November 10, 1931.

SUBJECT:

Code Word to cover Telegraphic Transactions
in Treasury B i l l s .

Dear Sir;
In connection with telegraphic transactions in
Government s e c u r i t i e s between Federal reserve banks, the
code word "NOXCULT" has been designated to cover a new
issue of Treasury B i l l s , dated November 16, 1931, and
maturing February 15, 1932.
This word should be inserted in the Federal r e serve telegraph code book, following the supplemental
code word "N0XCU3IT" on Page 172.
Very t r u l y yours,

J . C. No el 1,
Assistant Secretary.

TO GOVERNORS OF ALL F. R. BANKS.