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FEDERAL RESERVE BOARD WASHINGTON X-9027 address official correspondence t o the federal reserve board SUBJECT: November 23, 1934. Code Word Covering New 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 : "NOXPAD" - T r e a s u r y B i l l s t o be dated November 28, 1934, and t o mature May 29, 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 "NOXOZO" on page 172. »ry t r u l y y o u r s , J . C. N o e l l , Assistant Secretary. TO GOVERNORS OF ALL F. R. BANKS.