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296
BOARD OF GOVERNORS

R-7

OF" THE

FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS OF"F"ICIAL CORRESPONDENCE
TO THE BOARD

Ju11e 8, 1937.
SUBJECT:

Code Words Covering New
Issues of Treasury Notes.

Dear Sir:
In connection vvi th telegraphic transactions between
Federal reserve banlcs covering Gov,;rnr.:ent securities, the
follovving code words

~ave

been de signa ted to cover new is-

sues of T:reasu.ry Notes:
"NOWLAUGH" - 1-3/8% Treasury Eotcs, Se:d.es
D-19;':;9, to be dated June 15,
1937, and to mature September
15~ 1939.
11

NOWLED 11

- 1-3/,1..% TreasUI"J lTotĀ·3S, Series
A--1942, to bo dated June 15,
lS37, and to mature March 15,
1942.

These code words should be inserted in the Federal
Reserve Telegraph Code book, on page 172.

TO

PRESIDT~NTS




OF ALL F. R. BANKS