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293
BOARD OF GOVERNORS

R-5

OF" THE

FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS DF"F"ICIAL CDRREBPDNDENCE
TD THE SDARD

June 7, 1937.
SUBJECT:

Code Words Covering Federal Farm Loml
and Home Owners Loan Corporation Bonds •

.\

Dear Sir:
In connection with telegraphic transactions in Government securities between Federal reserve banks, the following code words have been designated to cover Home Owners
Loan Corporation and Consolidated Federal Farm Loan bonds:
11

NOWCOVE 11

-

Consolidated Federal Farm Loan
5% Bonds due July 1, 1945-55.

"NOWCUB"

- Home Owners Loan Corporation 5%
Bonds, A-1952, due May 1, 1952.

"NOWDAF"

- Home Owners Loan Corporation 2!%
Bonds G-1944, due July 1, 1944.

These words should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code
word 11NOWCOT 11 on page 172.
truly yours,

' c. Noell,
J.
Assistant Secretary.
TO PRESIDENTS OF ALL F. R. BANKS