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BOARD OF GOVERNORS .. R-321 OF THE FEDERAL RESERVE SYSTEM .. 136 WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TC THE SCARO October 8, 1938. Dear Sir: In connection ~dth telegraphic trans- actions in Government securities between Federal reserve banks, the following code word has been designated to cover a new issue of Treasury Bills: ITQBAGE - Treasury Bills to be da~ed October 13, 1938, and to mature January 11, 1939. Very truly yours, ,;::A ~~~~z..f .. .. J. ..- r7?)p-? c. Noell, ~~ ~~ Assistant Secretary. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS ,.