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FEDERAL RESERVE BOARD WASHINGTON ADDREsS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-4806 March 9. 1927 SUBJECT: Code Words to cover new issues of Certificates of Indebtedness, Series TS2-1927 and Series TM-1928, and Treasury Notes, Series A-1930-32, in Telegra~hic Transactions. Dear Siri In connection with telegra~hic transactions in Government securities between Federal reserve banks, the code words ••BELLY." and IIBELQUOID" have been designated to cover the two new issues of Treasury Certificates of Indebtedness, dated March 15, 1927, Series TS2-1927 and Series TU-1928, respectively; a.'1d the code word 11 BELOVETH 11 has oeerf designated to cover the new issue of Treasury Notes, dated ~:Iarch 15, 1927, Series A-1930-32. These words should be inserted in the Federal Reserve Telegraphic Code Book :following the supplemental code word 11 BELONITE11 at the bottom of :page 25. Very truly yours, J. c. Noell, Assistant Secretary. TO GOVERJ.~ORS OF ALL F. R. BAJ.'nCS.