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.., . FEDERAL RESERVE BOARD WASHINGTON X-3866 Octobe~ SUBJECT: Coded 25, 1923. ph~ase to be used in connection wi tg Gold Redemption Fund to Gold Settlement Fund. t~ansfers f~om Dear Si~:- In order to reduce the ph:raseolo gy in telegrams between the Boa.rd and Federal Reserve; Banks, the Board has adoptc;d, effective Nmre-:-1:heJ· lst) the c.od e word shovvn below fur use in connec-.t:lonwith trar:sf:n:-s from eith8J' the Banks' or .Agents' ~1old Redemption Frmd accounts :m deposit with the U. S. T:reas1.u·e:r, to the Bank's Gold Settlement Fund a.c.:..ount on deposit with the Boa.rd: "DUCKFOOT: You~ a.ccount with Gold Settle...: n:en t Fund ha.s credit for.$ deposit made with Fede~al Rese:rve Boa.rd as transfer from Gold Redemption Fund • 11 It is requested tha.t the above code word be ina.t the bottom of page 78 of the "Federal Reserve Telegraphic Code 11 ) following the supplerr:enta1 code word "Ducked 11 • se~ted Yours ve~ truly, J. C. Noell, .Assistant Sec:re ta.:ry. TO GOVERNORS OF 1~ FEDERAL RESERVE BANKS·
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