Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Corrected Expense of Main Line, Leased Wire System, January, 1937, Number X-9815, Volume 46, Page 70

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70
BOARD OF G O V E R N O R S
<,**»»»„




DFTHE

FEDERAL RESERVE SYSTEM

X-9815

WASHINGTON

February 12, 1937.

A D D R E S S OFFICIAL C O R R E S P O N D E N C E
TO THE BOARD

Dear Sir:
There is attached a corrected copy
of the report of expenses of the main lines
of the Federal Reserve Leased Wire System
for the month of January, 1957.
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 Inter-District
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,

0. E. Foulk,
Fiscal Agent.
Inclosure.
TO PRESIDENTS OF ALL F. R. BANKS

CORRECTED STATEMENT

X-9815-a

REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE
LEASED WIRE SYSTEM FOR THE MONTH Of JANUARY, 1937.
Number
of
words
sent

Words sent
by M. Y.
chargeable
to other
F.R. Banks

40,958
145,986
55,630
54,44-7
60,553
63,257
87,979
62,926
54,539
68,198
62,580
98,905

2,504

Federal
Reserve
Bank
Boston
niev; York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Board of
Governors
Total

— —

2,525
2,572
2,562
2,459
2,253
2,516
2,418
2,608
2,437
2,544

573.261
1,589,024

27,994

Total
words
chargeable
45,462
145,986
58,155
57,019
62,920
65,726
90,813
65,442
56,957
70,806
65,017
101,449

Personal
services(l)
$

251.45
1,21b.15
236.39
573.89
265.78
275.75
1,199.40
185.59
135.55
253.05
267.55
406.52

573.261

2.577.16

1 ,417,018

$7,647.19

Total
expenses

Wire
rental
1

1
— —

— —

230.00
• • ••

— —

251.45
1,215.15
236.59
373.89
495.78
275.75
1,199.40
185.59
135.55
259.03
267.55
406.52

Pro rata
share of
total expenses (2)
$

702.51
2,359.67
616.73
321.64
1,017.02
1,062.37
1,467.95
1,057.78
597.56
1,144.49
1,050.91
1,659.79

Credits

I

251.45 $ 451.06
1,215.15
1,144.52
580.34
256.39
373.89
547.75
525.24
495.78
275.75
786.64
268.55
1,193.40
185.59
872.19
135.55
461.81
885.46
259.05
783.56
267.55
406.52
1,233.27

17.604.20

9.266.01

17.604.20

:j;l5,257.04 $22,904.23

#22,904.25

#22,904.25

15.027.04

Payable
to
Board
of Governors

""

$8,358.19

(l)

Includes 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.

(2)

Based on cost per word ($.016163683) for business handled during the month.