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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.