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BOARD GOVERNORS R-279 1 4 FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE BOARD July 16, 1938. SUBJECT: Code Word Covering Issue of Reconstruction Finance Corporation Notes. Dear Sir: In connection with telegraphic transactions between Federal reserve banks, the following code word has been designated to cover an issue of Reconstruction Finance Corporation notes: NOWMAND - 7/8% Reconstruction Finance Corporation notes of Series N, to be dated July 20, 1938, and to mature July 20, 1941. J#ery truly yours '* J. C. Noell, Assistant Secretary TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS