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519
W. P. G. HARDING, GDHINOR
ALBERT STRAUSS, VJCI GCIV-R
ADOLPH C. MILLER
CHARLES S. HAMLIN
EX-OFFICIO MI!M.EIOIS
-"'• .-rCARTER GLASS
SICRITARY OF THE TREASURY
CHAIRIIAN
JOHN SKELTON WILLIAMS
FEDERAL RESERVE BOARD
COIIPTROUER OF THE CURRENCY
J, A. BRODERICK, SICRITARY
W. T. CHAPMAN, ASsiSTANY SICRITARY
W. M. IMLAY, FISCAL AGENT
TO
FEDERAL RESERVE BOARD
ADDREU IOIIIPLY
WASHINGTON
J:ulJ 10, 1919.
X-1613
~JECT: Code massages to be used .in redise~t
·transactions between Federal Reserve Banks.
Dear Sir:
Ih view of the large number ot rediscount tr~saetions
between Federal Reserve Banks and the mcessit;r that .they be c-Onsummated. quickly, and also in order t~ relieve some of the cOngestion·
on the leas&d wires, the Board suggeats the ute of the f'oliowing code
mea sages,_.· effeetite JUly 21; 1919:
1b
ta.)
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be sent bt the bank wi8hing .to rediscount,
to
the
~oard:
CODE 'PORD:
CEN'l'ER . • • .. Pl.ea.se arrarige for this bank t~ed.iseo\'lllt (eta. !!!) (12.a_QOO .ooo)
· member bank protduoey notes secured by Goverr..ment
· obligations maturing <1l...!E. 15.1. de.;ys. Gold Settlement
FUnd transfer.
·
To be sent by the Board to the
(b)
bd:
Board. has requested (~:.8::~9.~1{2) radisoa'.mt fer your bank
( da.te) (j2.000.::0JOj member bank promisscry notes secured
by Government obligations ma.turi"'lg (!}. to 15) days rate
(.see, code &"!en bel~). Gold Settleme:lt :s'and tr~sfer.
Please arrange details direct..
TEMPER
(c)
red.:tscO\mti~g
To be sent by the Board. to the discounting ·bar.Jr:
TANNEB .•••• Board requests you:, bank to discou."'lt for (~laP. H.§..!~)
( i2, 000 3 000) member bank promissory noyes secure. d. b.Y
Qoverrmtent ob1.1gat1ons maturing (lU!!...l5J. ®ys · ra.te
(see code given belt)W), Gold settlemer1t Fund ·t:tan1:1fer.
Please arrange details direct.
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{d)
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To be sent by the discounting bank to the rediscounting ban1r:
RAMMER .•..• In accordance with request of the Federal Reserve Board we
shall be pleased to discount for your bank (dat~) (j5_,000,000)
member bank promissory notes secured by Government cbligations maturing (11 to 15) days rate (~ code given belo!)•
Please deposit paper wi. th ]'ederal Reserve Agent of your bank
for account Federal Reserve Agent this bank and have him
wire our Agent acknowledging r.ec~ipt of bills and collateral.
Wire details reporting separately amount secured by certificates of indebtedness and amou.~t secured by Liberty bonds
and Victory notes; also please forward schedules. Payment
will be made through Gold Settlement Fund direct transfer.
(e)
To be sent by the Agent of the rediscounting bank to the Agent
of the discounting bank:
PAMPER ••••• I have received from the Federal Reserve Bank of (Dallas)
( $5,000 ,000) member bank prorni ssory notes secv.red by- Government obligations maturi:ng (11 to 15) days rate (~U9de
given below) and am hold.i41g sa.II!e in trust for you for account of Federal Reserve :Sank of (Qhice.g.2) which bank is
discounting above p~fer. Detail figures and schedules will
follow;
(f)
To be sent by discounting bank to Board:
HANGER ••••• , In accordance with BoardT s request we will discount .for
(Dallas) (t)...a.900 . 00CH member bank promissory notes
secured by Gov6rrl.Ulent obli.gat!ons maturing (_11 to 151
days at rate (.~ee coc;i§__g:Lven belo'!!).. We are arx·anging
details direct with (L~~:~~E)· We are making Gold Settlement Fund transfer (C!a!.,~).
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TINDER ••••• Four per cent on paper se~urecl. b) certificates of indebtedness and four and one-qua~ter per cent on paper secuxed by
Liberty bonds or Victory notes.
Kindly acknowledge receipt.
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Very truly yours,
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Secretary.
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LETTER SENT 'It> CHAIBMAN OF .ALL BANKS
@FedFRASER