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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOAR D J a n u a r y 9 , 1923. St.3225. SUBJECT: Weekly COHD telegram showing c o n d i t i o n of F. R. Banks. Dear S i r : Beginning with the weekly p r e s s s t a t e m e n t showing t h e c o n d i t i o n of the F e d e r a l Reserve Banks a s of J a n u a r y 17, 1923, a new code word "CORN" w i l l be s u b s t i t u t e d i n l i e u of t h e p r e s e n t code word CORD, t o d e s i g n a t e " A l l o t h e r l i a b i l i - : t i e s " i n t h e 1 s o - c a l l e d weekly COMD telegram showing the cond i t i o n of t h e twelve F e d e r a l Reserve Banks combined, which i s t r a n s m i t t e d t o the F e d e r a l r e s e r v e banks each Thursday. Very t r u l y y o u r s , E. L. Smead, C h i e f , D i v i s i o n of Bank O p e r a t i o n s L e t t e r to a l l F e d e r a l Reserve Agents.
@FedFRASER