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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD X-7966 July 25, 1934. SUBJECT: New Issue of Federal Farm Mortgage Corporation Bonds. Dear Sir: In connection with telegraphic transactions "between Federal reserve "banks covering Government s e c u r i t i e s , the following code word has been designated to cover a new i s s u e of Federal Farm Mortgage Corporation Bonds: "NOWCENS" - Federal Farm Mortgage Corporation 3$ Bonds of 1944-49, to be" dated May 15, 1934, and to mature May 15, 1949. This code word should "bo inserted i n the Federal Reserve Telegraph Code "book following the supplemental code word "HOWCELL" on page 172. Very t r u l y yours, J . C. Hoell, Assistant Secretary. T GOVERNORS OF ALL F. R. BAMS. O