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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-6889 May 13, 1931. SUBJECT: Code Words t o Cover T e l e g r a p h i c T r a n s a c t i o n s in Treasury B i l l s . Dear S i r : In c o n n e c t i o n w i t h t e l e g r a p h i c t r a n s a c t i o n s i n Government s e c u r i t i e s between F e d e r a l r e s e r v e h a n k s , t h e f o l l o w i n g code words have been d e s i g n a t e d t o cover new i s s u e s of Treasury B i l l s : "HOXBEGrG-IHGr" S e r i e s d a t e d May 18, 1931, and maturing J u l y 17, 1931. "UOXBELT" S e r i e s d a t e d May 18, 1931, and maturing August 17, 1931. These words should be i n s e r t e d i n t h e F e d e r a l r e s e r v e t e l e g r a p h code book, f o l l o w i n g t h e supplemental code word "HOXBEAKEH" on page 172. Very t r u l y y o u r s , J . C. N o e l l , Assistant Secretary. TO GOVERNORS OF ALL F. R. BANKS.