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FEDERAL RESERVE BOARD washington ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-9267 July 24, 1955. SUBJECT: Expense, Main Lines, Leased Wire System, June, 1935. Dear Sir: Inclosed herewith you will find two mimeographed statements, X-9267-a and X-9267-b, covering in detail operations of the main lines Leased Wire System, during the month of June, 1955. Please credit the amount payable by your bank for your share of the expense of the Leased Wire System, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Gold Settlement Fund for the account of the Federal Reserve Board, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, Deputy Fiscal Agent. Inclosures. TO GOVERNORS OF ALL F. R. BANKS. 88 X-9267-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINES OF THE FEDERAL RESERVE LEASED TORE SYSTEM FOR THE MONTH OF JUNE, 1935. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. JLouis Min&a&polis Kansas City Dallas San Francisco Total 28,435 133,439 25,483 39,696 46,786 43,834 74,108 60,193 32,363 57,399 50,326 82.519 674,581 F. R. Board business Reimbursable business Incoming & Outgoing Words sent by New York chargeable to other F. R. Banks (1) 1,188 — 1,336 1,322 1,333 1,217 1,818 1,472 1,169 1,155 2,041 2.754 16,805 . Net Federal Reserve bank business 29,623 133,439 26,819 41,018 48,119 45,051 75,926 61,665 33,532 58,554 52,367 85.273 691,386 . . . . . . . . . . . . . . These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-9267-b). (1) Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks indicated in accordance with action taken at Governors' Conference November 2-4, 1925. 4.29 19.30 3.88 5.95 6.96 6.52 10.98 8.92 4.85 8.47 7.57 12.33 100.00 311,851 Total words transmitted over main lines (*) Per cent of total bank business (*•) 1,003,237 ... 616.914 1,620,151 X-9267-b REPORT OF EXPENSE MAIN LINES FEDERAL RESERVE LEASED WIRE SYSTEM, JUNE, 1935. Name of bank Operators1 Salaries Retirement Contributions $ 260 .00 Boston f> 24 .65 1,558 .29 122 .79 New York 20 .25 Philadelphia 225 .00 506 .66 27 .60 Cleveland 579 .00 17 .55 Richmond 270 .00 22 .14 Atlanta Chicago 4,324 •23(#) 540 .75 195 .00 17 .45 St. Louis 18 .02 Minneapolis 200 .08 Kansas City 287 .00 25 .85 Dallas 251 .00 22 .54 San Francisco 580 .00 52 .05 Federal Reserve Bd. Total #8,456 .26 #691 .18 Operators' overtime #5.00 2.00 - — — $7.00 Less Reimbursable Charges (&) (#) (*) (a) Main line rental, Richmond-Washington. Includes salaries of Washington operators. Credit. Amount reimbursable to Chicago. Total expenses Wire rental 289.65 1,483 .08 245 .25 554 .26 626 .55 230.00 (&) 292 .14 4,664 .98 212 .45 218 .10 312 .85 275 .54 412 .05 15.291.55 15.291 .55 $15,521.35 i124,655 .79 $ ~~ 1|- - - — — — — 9.588.52 $15,267.47 Pro rata share of total expenses I 654 .97 2,946 .62 592 .38 905 .56 1,062 .62 995 .44 1,676 .57 1,561 .86 740 .47 1,295 .15 1,155 .75 1,882 .48 Credits 289 .65 1,485 .08 245 .25 334 .26 626 .55 292 .14 4,664 .98 212 .45 218 .10 512 .85 275 .54 412 .05 365.32 1 ,463.54 347.13 571.10 436.27 705.50 2 ,988.61(*) 1 ,149.43 522.37 980.52 882.41 1 ,470.45 $ 1 $9,364 .44 $8 ,391.64 — $15,267 .47 Payable to Federal Reserve Board — 2.988.61(a) £5,905.05
@FedFRASER