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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

X-5086

February 24, 1928.

SUBJ].)CT:

Translation of CCide word 11 ARCHERY"

Dear Sir:
!n connection with the advice of approval of
applications of state institutions for

me~bership

in the

Federal Reserve System, the translation of the code word
11

ARCBERY 11 has been amended to read as follows:
"The application of (name of applying
batik) fer membership in the Federal Reserve
System has been approved by the Federal Reserve Board subject to the conditions contained in section IV, Regulation H, series
of 1928, numbered 1 to 7 inclusive. 11
Very truly yours,

J. C. Noell,
Assistant Secretary.

TO ALL FEDERAL RESERVE AGENTS