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538
W. P. G. HARDING, GOVIRNOit
ALBERT STRAUSS, VICE GOVERNOR
ADOLPH C. MILLER
CHARLES S. HAMLIN
CARTER GLASS
~·
l
SICRETl'ff·~THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
CoMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
J. A. BRODER!CK, S!CRETA:.l'
W. T. CHAPMAN • ASSISTANT SECRETARY
W. M. IMLAY, FISCAL AGENT
ADDRESI5 REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
f
July 24,1919.
X-1628
Subject: Code Messages to be used in Rediscount
Transactions between Federal Reserve Banks.
Dear Sir:
Referring to the Board's letter of July 10 (X-1613) on the
above subject, there are given below two additional code words to be
used in rediscount messages between Federal Reserve Banks, effective
August 1, 1919*
To be sent by rediscounting bank to discounting bank in new
transactions:
REAPER:
In accordance with your wire (June 1st) we have delivered.
to the Federal Reserve Agent of this Bank to be held in
trust for the Federal Reserve Agent of your Bank for the
account of your Bank (~5-,000,oqq) member bank promissory
notes secured by Goverrurent obllgations maturing ( l1 to
];,2) days. please. make special transfer of { $.2z..QQO,-OOQ)
(June lst) through Gold settlement Fund. We credit your·
account (~3,287,~) discount at (~) for (10} days on
($.3,000?000} secured by certificates of indebtedness and
($.2,)28. 77) discount at (41%) for (lQ) days on ($2,000,000}
secured by Liberty bonds and Victory notes~ Total credit
for discount ($5,616.44). Schedule of bills pledged with
our Agent being mailed.
To be sent by rediscounting bank to discounting bank in
renewal transactions:
RECAST:
In accordance with your wire of (June 1st) we have delivered
to the Federal Reserve Agent of this Barik to be held in trust
for the Federal Reserve Agent of your·Barik for the account of
your Bank ($5,000,000) member barik promissory notes secured by
Government obligations. maturing (11 to 15) days. We have received from the Federal Reserve Agent of this Bank paper lodged
with him (10) days ago in equivalent amount. We are paying you
for todayt s maturities through the Gold Settlement Fund by direct
transfer today and re~est that you make direct transfer to us
of ($,5.000,000) covering new transaction. We cre~t your account
r~~~··"·.'
I
i· '
c
539
.
($3~287.67) discount at (.~) for (lQ) days on ($.j,OOO,OOO)
secured by certificates of indebtedness and ($2,328~77)
discount at ~) for t!Q) d~ys on ($2,000,000) secured
Liberty bonds and Victory notes. Total credit for
discount ($5.616.44) • schedule of billa pledsed with
our Agent being mailed.
by
'
very truly yours,
1.
Assistant Secretary.
I
~
Let·ter to Chairmen of all Federal Reserve .Banks •
•
@FedFRASER