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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
THE FEDERAL RESERVE BOARD

X-7232
August 19, 1932.

SUBJECT;

New I s s u e T r e a s u r y B i l l s . .

Dear S i r :
In c o n n e c t i o n w i t h t e l e g r a p h i c t r a n s a c t i o n s i n
Government s e c u r i t i e s b e t w e e n F e d e r a l r e s e r v e b a n k s , t h e
c o d e w o r d "NOXBETEST" h a s b e e n d e s i g n a t e d t o c o v e r a new
i s s u e o f T r e a s u r y B i l l s , d a t e d A u g u s t 2 4 , 1 9 3 2 , and m a t u r i n g November 2 3 , 1 9 3 2 ,
T h i s word s h o u l d be i n s e r t e d i n the F e d e r a l r e s e r v e t e l e g r a p h c o d e book* f o l l o w i n g t h e s u p p l e m e n t a l c o d e
w o r d "NOXERIVE" on p a g e 1 7 2 .
Very t r u l y y o u r s ,

J . C. N o e l l ,
Assistant Secretary.

TO GOVERNORS OF ALL F . H. BANKS.