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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