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R-502 BOARD O F G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS DPriOIAL CORRESPONDENCE TO THE BOARD July 17, 1939 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 June, 1959. 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 Interdistrict 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, Josephine E. Lally, Deputy Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND R-502-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JUNE. 1959 Words Sent by K. Y. Chargeable to Other F.R. Banks Total Words Chargeable Pro Rata Share of Total Expenses (1) Expenses Paid by Banks and Board (2) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 25,039 68,712 19,145 50,905 664 671 Richmond Atlanta Chicago St. Louis 26,095 42,425 62,597 43,128 672 663 1,079 662 26,767 43,088 63,676 45,790 566.04 911.18 1,546.56 926.03 195.75 256.72 1,551.60 250.91 Minneapolis Kansas City Dallas San Francisco 20,095 50,399 38,247 50,448 662 662 716 775 20,755 51,061 58,963 51,223 438.91 1,079.79 825.95 1,085.21 187.27 259.21 275.37 569.50 278,596 5,891.48 11,244.08 Board of Governors 278,596 Total 755,829 664 - — 7,890 Payable to Board of Governors 25,703 $ 545.54 | 275.63 $ 267.91 68,712 1,455.05 1,054.14 418.91 19,809 418.90 243.82 175.08 51,576 667.74 226.58 441.16 370.29 674.46 5.04(a) 675.12 251.64 820.58 548.58 715.91 — 763,719 $16,150.38 #16,150.38 $5,557.64 5.04(a) $5,352.60 (1) Based on cost per word ($.021147019) 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 (&1,579.60) and wire rental ($9,664.48). 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 messages; also overtime and supper money and Retirement System contributions at the current service rate. (a) Credit - reimbursable to Chicago.
@FedFRASER