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159 FEDERAL RESERVE BOARD x-4422 WASHINGTON address official correspondence to the federal reserve board SUBJECT; b g p t ggldgl" 1 5 , 1 9 2 5 « Code Words for use between Federal Reserve Banks in connection with Telegraphic Tracings and Advices covering Non-Cash Collection Items, Dear Sir: Referring to the Board's circular telegram of August 11th, Trans.No•583, advising that the Board desired to submit to the Leased Wire Committee for recommendation the use of code words indicated in its circular letter X-4393, of August 4,1925, before such code words became e±factive, you are advised that a report from the Leased Wire Committee n a s b e e n received in which it is stated that there will be no objection o n t n e p a r t of the Committee to the use of code words in t elegraphic tracings o f n o n - c a s h collections, where such messages are sent over the leased ior the oenefit of the Federal reserve banks, The Federal Reserve Board has designated, effective October 1, 1925, the following code words to be used over the leased wires: BUCKLE: Referring to our collection number payable at . for $ , if outstanding obtain immediate telegraphic peport. Advise us status by wire. OLYMPIAN: Telegraph reply over private leased wire. The use of the following code word, in connection with direct $endings, is to De limited to telegrams sent over the commercial wires: BUCKISH: We credit your account today with $ representing proceeds of collection number sent direct to us by . It should be understood that the above code words have been supplied o n l y for the purpose of reducing the phraseology in telegrams and are n o t intended to supersede or amend the present Leased Wire Regulations, The code Words "BUCKISH" and "BUCKLE" and the code word "OLYMPIAN" should be inserted in the Federal Reserve Telegraphic Code at the bottom of pages 35 and 168, following the code words "BUCKHORN" and "OLIVINE", respectively. Yours very truly J, C. Sboll Assistant Secretary, TO ALL GOVERNORS.
@FedFRASER