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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o t h e federal reserve board x - 8 0 1 6 September 21, 1934. SUBJECT: Code Word Covering Mew I s s u e of Treasury B i l l s • Dear S i r : In c o n n e c t i o n w i t h t e l e g r a p h i c t r a n s a c t i o n s i n Government s e c u r i t i e s between F e d e r a l r e s e r v e banks, t h e f o l l o w i n g code word has been d e s i g n a t e d t o cover a new i s s u e of T r e a s u r y B i l l s : "NOXOAR" - T r e a s u r y B i l l s t o be d a t e d September 2G, 1934, and t o mature March 27, 1935. This word should be i n s e r t e d i n t h e F e d e r a l Reserve Telegraph Code book, f o l l o w i n g t h e supplemental code word "NOXNXJM" on page 172. Very t r u l y yours J . C. N o e l l , Assistant Secretary TO GOVERNORS OF ALL F. R. BANKS.