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1 BOARD OF G O V E R N O R S • F THE FEDERAL RESERVE SYSTEM % 13 X--9776 WASHINGTON A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO T H E BOARD January 4, 1957» SUBJECTS Code Words Covering New Issues of Treasury Bills. $ Dear Sirs In connection with telegraphic transactions in Government securities between Federal reserve banks, the following code words have been designated to cover new issues of Treasury Bills: "NOYWAX" - Treasury Bills to be dated January G, 1937, and to mature March 18, 1937. "NCYWEB" - Treasury Bills to be dated January 6, 1957, and to mature October 6, 1937. These words should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code word "NOYVUA" on page 17?,. ry rruxy yours, Assistant Secretary. TO PRESIDENTS OF ALL F. R. BANKS