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R-292 BOARD OF GOVERNORS DF „ THE FEDERAL RESERVE SYSTEM 5 9 WASHINGTON ADDRESS August 16, 1938. Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of July, 1938. Please credit the amount payable by your bank to the Board, as shown in the last column of the statement, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Inter-district Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, # jO/Kl/nJiy (o. Josephine E. Lally, Deputy Fiscal Agent. Inclosure. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND OFFICIAL C O R R E S P O N D E N C E TO THE BOARD 60 R-292-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JULY. 1958 Words Sent ty N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Expenses Paid t y Banks ? and Board(2) Pro Rata Share of Total Expenses (l) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 33,197 87,080 28,792 41,919 1,587 1,597 1,419 34,584 f 512.27 87,080 1,289.86 50,189 447.17 45,338 641.94 Richmond Atlanta Chicago St. Louis 42,368 65,055 76,742 65,805 1,585 1.550 1,518 1,569 43,755 66,585 78,260 65,174 648.08 985.29 1,159.21 965.58 259.82 314.21 1,255.08 255.68 Minneapolis Kansas City Dallas San Francisco 27,970 62,605 59,465 76,271 1.551 1,579 1,402 1,400 29,521 65,984 60,867 77,671 454.51 947.75 901.58 1,150.49 125.55 284.05 279.15 586.51 448,769 6,647.32 11,651.86 1,129,575 16,728.65 16,728.65 Board of Governors Total 448,769 1,114,016 15,557 # 506.23 1,041.27 251.48 343.78 Payable to Board of Governors $ 206.04 248.59 195.69 298.16 588.26 669.08 95.87(a) 711.70 510.76 665.72 622.45 765.98 — 5,078.41 93.87(a) 4.984.54 (1) /'Based on cost per word j>.014812334) for business handled during the month. (2) Payments by banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,625.51) and wire rental ($10,006.55). Personal services include salaries of main line operators and of clerical help engaged in work on main line business, such as counting the number of words in messagesj also overtime and supper money and Retirement System contributions at the current service rate. (a) Credit - reimbursable to Chicago.
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