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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o t h e federal. reserve board X-9394 December 13, 1935. SUBJECT: Code Word Covering New Issue of Treasury Bills. Dear Sir: In connection with telegraphic transactions in Government securities between Federal reserve banks, the following code word has been designated to cover a new issue of Treasury Bills; "NOYFED" - Treasury Bills to be dated December 18, 1935, and to mature September 16, 1936. This word should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code word "NOYFAN" on page 172. truly yours J. C. Noell Assistant Secretary. TO GOVERNORS OF ALL F. R. BANKS