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FEDERAL RESERVE BOARD

#95-

36

WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

JUIIQ

9 f

1924%

St. 14097
SUBJECT:

Functional Expense Report, First Quarter, 1924,

Dear Sir:
Will you kindly have the following corrections made i n the functional expense report f o r the f i r s t quarter of 1924, Which was forwarded
to you with our l e t t e r of May 22, 1924:
1. Page 19 - Failed Banks function,
COMBINED FIGURES: Change number of employees for Atlanta from
3.68 to 2.S3 and for Minneapolis from 41,23 to 42,OS.
2. Page 25 - Currency - Receiving and Sorting expense unit.
HEAD OFFICE FIGURES: Under v e r i f i c a t i o n count change Chicago
f i g u r e s from 34,740,200 to 57,758,690 and the t o t a l from
238,471,820 to 261,490,310.
COMBINED FIGURES: Change Chicago figures from 35,450,200 to
58,468,690 and the t o t a l from 295,001,232 to 318,019,722,
3. Page 32 - Country checks - Remittances.
HEAD OFFICE FIGURES: Change number of cash l e t t e r s for Kansas
City from 4,201 to 1,400 and the t o t a l from 22,687 to 19,886.
COMBINED FIGURES: Change Kansas City from 6 , l 4 o to 3,339 and

the total from 34,373 to 31,572.

4. Page 43 - Government Issues. Number of pieces handled - Redemptions.
BRANCH FIGURES: Insert opposite Los Angeles 2,764, Portland
1,860, Seattle 2,099 and change total from 17,905 to 24,628.
COMBINED FIGURES: Change San Francisco from 8,651 to 15,374
and total from 176,652 to 183,375.
% Page 46 - Legal Function,
COMBINED FIGURES: Change total expense fot Richmond from
$5,590 to $3,565, fot Atlanta from $3,695 tb $5,345 and for
Chicago from $6,666 to $7,o4l.
Very truly yours,

E. L. Sine ad, Chief,
Division of Bank Operations,

LETTER TO CHAIRMAN OF EACH FEDERAL RESERVE LANK.