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1 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD - X-SS32 Uarch 5, 1931. SUBJECT: Code words to cover telegraphic transactions in new i s s u e s of Treasury C e r t i f i c a t e s of Indebtedness, Series TS2-1931 and TM-1932. Dear Sir; In connection with telegraphic transactions in Government s e c u r i t i e s between Federal reserve banks, the f o l l o w i n g code, words have been designated to cover new i s s u e s of Treasury C e r t i f i c a t e s of Indebtedness, as follows: " T W I E , S e r i e s TS2-1931, dated March 16, I O KK " 1931, due September 15, 1931. "UOWHILL", Series TM-1932, dated March 16, 1931, due March 15, 193?. These code words should be inserted in the Federal reserve telegraph code book, following the supplemental code word " O EG " , on page 172. N WI H Very truly yours, J . C. No e l l , Assistant Secretary. T G V R O S OF ALL F. H. BANKS. O O E N R