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437 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM X-9555 WASHINGTON address o f f i c i a l to April 18, 1936. 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: "NOYLES" - Treasury Bills to be dated April 22, 1936, and to mature January 20, 1937. This word should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code word "NOYLAF" on page 172. Very truly yours, J*. C. Noell, Assistant Secretary TO PRESIDENTS OF ALL F. R. BANKS the c o r r e s p o n d e n c e board