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BOARD OF GOVERNORS
OF" THE
FEDERAL RESERVE SYSTEM
R.-870
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE
TO THE SOARD
August 19, 1941
Dear Sir:
The·~~e is attached a copy of the rt;>port of expenses of thz; main lines of the Federal Reserve Leasec1 \fire System for the month
of ,July 19/+l.
Please credit t~e amount payable ~!
your Bank to the Board, as s::own in the last
colur:a1 of +Jhe statement, to the F'edera.l. Reserve
Bs.nk of IUchmond in your daily statement of
credits through the Interdistrict Settlement
Fund for the: a.ccour.t of the Boe.rd o.f Governors
of the Federal Reserve System, and advise the
l'~ed.eral Reserve Bank of Richmond Uf mail the
araount and pm:pose o.f the credit.
Ver.7 truly yours,
~C"-f~-"-" G. ~1,'
,T osephine E. Lall:r, · J
Deputy Fiscal Agent.
Enclosure
TO PRESIDENTS OF ALL FEDERAL HESERVE BANKS
EXCEPT RICimmm
R-870-a
REPORT OF F.XPENSES OF MAIN LINES OF FEDFJ1AL RESLill.V.l
LEASED HIRE S'£ST.EM FOR 'iHE MONTH OF JULY 1941
Words Sent
Y.
Total
Words
Chargeable
F_.xpenses
Paid
b-.f Banks
and
Board {.2}
Pre Rata
Share of
Total Expenses (1)
Federal
Reserve
Ba.--:.k
Humber
of Words
Sent
Boston
New 1oi"k
Philadelphia
Cleveland
. 34,753
83,408
22,805
41,840
348
Chicago
St. Louis
52,163
L,.7 ,244
'72,117
51,227
348
348
399
31~8
52,511
47,592
72,516
51,575
745.92
676.04
1,030.09
732.62
393.80
30'7.41
1,461.04
249.72
MLmeapo.lis
Kansas City
Dallas
San Francisco
22,583
/4-5,130
46,721
63,462
348
344
395
349
22,931
45,474
47,116
63,811
325.73
645.96
669.28
906.43
190.19
274.30
331.21
4.31.28
585,26/.
8,313.64
11,298.97
::L,l72,642 $16,657.32
$16,657.32
Richmond
li tirJJ.tu
Board of
Governors
Total
by N.
Chargeable
to Other
F.R. Banks
349
3L,9
585,264
1,168,717
3,925
35,101 $ 1~98 .61
1,184.81
83,403
328.90
.23,154
42,189
599.29
...g:.
Payable
to
Board
of Governors
287.73 $ 210.88
887.86
296.95
83.43
245-4'7
298.34
300.95
352.12
368.63
4J0.95{a)
482.90
135.54
371.66
338.07
475.15
~13,416.28
430.92(a)
~?2,985.33
(l)
Bs-sed on cost per word ($.01420-4.949) for business handled during the >!lonth.
(2)
Payments h<; BankD are for personal services and supplies and payments ·u-.f Board
are for personal services and supplies {$1,163.48) and wire rental ($10,537.21)
less amount {~)401. 72) representing reimbursement for the cost of sending messages between the Wc:..shington office of the Leased '.Vire Syst.;m and the local
telegraph offices of the Treasury and Hecor.struction Finance Corporation. Personal services include salaries of main line operators a.Cld of clerical help
engaged in work on main line business, such as counting the number of words in
messag·JS; also overtime and supp0r money and Retirement System contributions
at tho current service rate.
(a)
Credit--reimbursable to Chicago.
@FedFRASER