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23 BOARD OF G O V E R N O R S R-34 OF THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO T H E B O A R D July 16, 1937 SUBJECT: Code Words Covering New Issues of Treasury Bills Dear Sir: 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: "NOZFAG" - Treasury Bills to be dated July 21, 1937, and to mature December 16, 1937. "NOZFED" - Treasury Bills to be dated July 21, 1937, and to mature April 20, 1938. These words should be inserted in the Federal Reserve Telegraph Code book, following the supplemental code word "NOZEYL" on page 17?.. Very truly yours, J. C. Noell TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS