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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

X-5095
March 9, 1928.

SUBJECT: Code Words to cover new Issues of Treasury Certificates of Indebtedness~ Series
TD2-1928, and Series T.M-1929, in Telegraphic Transactiqns.
Dear Sir:
In connection with telegraphic transactions
in Government securities between Federal reserve banks
the code woz:d 11 :BESTOWED 11 has been designated to cover
the new issue of Treasury Certificates of Indebtedness,
Series TD2-1928, dated March 15, 1928, due December 15,
1928; and the code word 11 :BESTOWING11 has been designated
to cover Series TM-19:39, dated March 15, 1928, due
:WJ.arch 15, 1929.
These words should be inserted in the Federal Reserve Telegraphic Code :Book following the supplemental code word 11 :BESTOWAL 11 at the bottom of page 26.
Very truly yours,

J. C. Noell,
Assistant Secretary.

TO ALL GOVERNORS OF ALL F • R • :BANKS •