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R-165 BOARD OF GOVERNORS OF" THE 41 FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OPPICIAL CORRESPONDENCE TO THE SOARD January 14, 1938. SUBJECT: Code Word Covering New Issue of Treasury Bills. Dear Sir: In connection wl th telegraphic transactions in Government securities between Federal reserve banks, the following code word has been designated to cover a new issue of Treasury Bills: "NOZLEE 11 - Treasury Bills to be dated January 19, 1938, and to mature on April 20, 1938. This word should be inserted in the Federal Reserve Telegraph Code book, following the ~upplemental code word 11 NOZLAP" on page 172. Very truly yours, ' Assistant Secretary. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS •