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X-4725 federal reserve board WASHINGTON 38 November 17, 1926. ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD SUBJECT: Code Words to "be used by the Federal Reserve Bank of Hew York i n a d v i s i n g o t h e r Federal r e s e r v e hanks of t r a n s a c t i o n s through the Gold Settlement Fund i n purchases of f o r e i g n "bills f o r System account. Bear S i r : In order to s i m p l i f y and reduce the phraseology i n telegrams "between the Federal Reserve Bank of New York and other Federal r e s e r v e "banks i n connection with advices covering t r a n s a c t i o n s through the Gold Settlement Fund i n purchases of f o r e i g n M i l s f o r system account, i t has "been suggested f o r such purpose t h a t a d d i t i o n a l code words "be supp l i e d from the Federal Reserve Telegraphic Code. The Board h a s approved t h i s suggestion, and e f f e c t i v e November 27, 1926* t h e f o l l o w i n g code words w i l l "be used "between the Federal Reserve Bank df New York and other Federal r e s e r v e "banks covering the t r a n s a c t i o n s d e f e r r e d to t JUNKETING: Purchased today from f o r e i g n "banks "bills f o r system account t o t a l i n g $ f a c e amount. We charge you total $ your apportionment. Please credit us. JURYMiST: Beginning ( d a t e ) d a i l y earnings of your "bank on investments through f o r e i g n "banks w i l l "be $ . We s h a l l c r e d i t your account with t h i s amount d a i l y u n t i l you a r e otherwise a d v i s e d . JUSTIFIED: We c r e d i t you today $ as reduction in your p a r t i c i p a t i o n i n "bills purchased through f o r e i g n "banks f o r system account, account of r e d u c t i o n i n t o t a l "bills h e l d . I t i s r e q u e s t e d t h a t & record of the above a d d i t i o n s "be made on page 130 of the Federal Reserve Telegraphic Code. Very t r u l y yours, J . C. N o e l l . Assistant Secretary. LETTER TO GOVERNORS OF ALL F . R. BANES.
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