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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