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48
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R-692
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE
TO THE BOARD
August 20, 19/,.0
Dear Sir:
There is attached a copy or' ti1e roport of expanses of the main lines of the Federal Reserve Leased VJire System for the month
of July 19~~.0.
P~.easo credit the amoun·c uuyable ll'J
your Bei.nk to bhe Boa-:·d, as shown in the last
colunm of the statem(mt, to t:ne ~\:d.::Jral Reserve
Bank of Richmond in your daily stttsment of
credits throu~;h the lnterdistrict Settloment
Fund for the account of the Board oi' Governors
of the Federal Reserve System, and advise the
Federal HeservG Bank of Richmond by mail the
amount and purpose of the credit.
Very truly yours,
~,·;mv G. J~,
Josephine E. Lally, ·
Deputy Fiscal Agent.
Enclosure
TO PRESIDENTS OF' ALL FEDERAL RESBHVE BANKS
EXCEPT RICHMOND
49
R-692-a
REPORT OF EXPENSES OF MAIN LINES OF' FEDERAL R.ESERVE
LEASED WIRE SYSTEM FOR THE nmNTH OF JULY 1940
Words Sent
by N.Y.
Chargeable
to Other
F.R. Bru:.ks
Total
Words
Chargeable
Expenses
Paid
by Banks
and
Board{2l
Pro Rata
Share of
Total l!:xpenses (1)
Federal
Reserve
Bank
Number
of Words
Sent
Boston
New York
Philadelphia
Cleveland
29,518
83,116
21,474
34,01.4.
804
815
30,310 $ 527.97 ~
83,116
1,41+7 .80
388.06
22,278
606.69
34,829
Richmond
Atlanta
Chicago
St. Louis
31,241
44,906
64,28/j.
46,983
793
792
856
790
32,034
45,693
65 ,lL.o
47,773
558.00
796.01
1,134.67
832.16
211.19
242.04
1,2314-.70
257.18
Minneapolis
Kansas City
Dallas
San Francisco
22,300
42,686
37,888
49,672
794
793
883
807
23 ,091~
/+3 ,4'79
38,771
50,479
402.27
757.36
675.35
879.29
187.17
273.01
272.49
411.89
360,955
6,287.47
10,381.69
Board of
Governors
360,955
Total
869,037
792
8,919
Payable
to
Board
of Governors___.
338.52 $ 189.45
496.90
950.90
248.67
139.39
283.65
323.04
346.81
553.97
100.03(a)
574.98
215.10
484.35
402.86
467.40
8'77,956 $15,293.10 $15,293.10 $4,194.25
100 &.2,(a)
$4,094.22
(1)
Based on cost per word ($.017418982) for business handled during the month.
(2)
Payments by Banks are for personal. services and supplies and payments cy- Board
are for personal services and supplies ($1,476.78) and wire rental ($8,904.91).
Personal services include salaries of rnain line operators and of clerical help
engaged in work on main line business, such as counting the number of words in
messages; ulso overtime and supper money and Retirement System contributions
at the current service rate.
(a)
Credit--reimbursable to Chicago.
@FedFRASER