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2i>8 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-4711 November 6, 1926 Subject: Code Word f o r use by the Federal Reserve Agent a t Hew York i n a d v i s i n g other Federal Reserve Agents of t r a n s a c t i o n s i n c e r t a i n bankers' a c ceptances sold by the Federal Reserve Bank of Boston to other Reserve Banks f o r the account of the Open Market Committee. Dear S i r : I t has been suggested t h a t i n order to reduce the phraseology i n telegrams between the Federal Reserve Agent a t New York and other Federal Reserve Agents advising of t r a n s a c t i o n s i n c e r t a i n bankers' acceptances sold by the Fed e r a l Reserve Bank of Boston to other r e s e r v e banks f o r the account of the Open Market Committee, an a d d i t i o n a l code word be s u p p l i e d from the Federal Reserve Telegraphic Code. This suggestion has been approved, and e f f e c t i v e November 13th, the following code word w i l l be used covering the t r a n s a c t i o n s r e f e r r e d to: "Abstract" I have today received from Federal Reserve Bank Boston bankers acceptances aggregating $ to be h e l d in t r u s t f o r your account as c o l l a t e r a l s e c u r i t y your Federal Reserve n o t e s . " This code word should be i n s e r t e d i n the Federal Reserve Telegraphic Code a t the bottom of page 3 , following the supplementary code word "Abstinent". Yours very t r u l y , J . C. Noell, Assistant Secretary. TO A L L F E D E R A L R 3 S E R V 3 A G E N T S .
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