The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD WASHINGTON Octobe~ SUBJECT: Dea~ 23, 1923. Coded ph:ra.se to be used in connection \'Ji th transfers from Gold Redemption Fund to Federal Rese:rve Agents' Fur:.d a.ccoun-;;. Sir: .The Fede:r.a1 Rese:r.ve Telegraphic Code does not provide a. coded ph:r.ase fo:r the use of the Beard in advising the Federal Rese~ve Agents of transfers from either the Banks' or ~gents' Gold Redemption Fund ac:::ounts with the United States T:re3sure:r to their :respective Federal Rese:rve Agent 1 s Fund accounts with the Board, and in o:rde~ to provide a. u.."YJ.ifo:rm coded phra.se to cover transactions of this kind a.r..d a.t the same time to :reduce the p:resent ph:ra.seology of these teleg:rams, you a.re advised tha.t, commencing with Novembe:r lst, the following code word will be used by the Boa.:rd in its telegrams to Fede:ra.l Reserve Agents covering such transfers: "DUCKED: You:r a.ccoun t with Fed e :ral Res e:rv e Agent ' s Fund ha.s c :red it f o :r $___ deposit rr.aa e with Fede~al Rese.rve Boa_:rd as t:ra.nsfe:r f:t'om Gold Redemption Fund. 11 . It is :requf!sted tr...a.t the a.bove code word be inserted a.t the bottom of pa.ge 78 of the 11 Fede:t'a.l Reserve Teleg~aphic Code", following the supplementa.l code word "Duckbill II. You~s very t:ruly, J. c. Noell, Assistant Sec:reta.:ry. TO .ALL FEDEFAL RESERVE AGZNTS.
@FedFRASER