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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-5036 May 16, 1928. SUBJECT: Expense, Main L i n e , Leased Wire System, A o r i l , 1928. Dear S i r : Enclosed, h e r e w i t h you w i l l f i n d two mimeog r a p h s t a t e m e n t s , X-6036-a and X-6036-1, covering i n d e t a i l o p e r a t i o n s of the main l i n e , Leased Wire System, d u r i n g the month of A p r i l , 1928. P l e a s e c r e d i t the amount p a y a b l e "byyour bank i n the g e n e r a l a c c o u n t , T r e a s u r e r , U. S . , on your books, and i s s u e C/D Form 1, N a t i o n a l Banks, f o r account of " S a l a r i e s and Expenses, F e d e r a l Reserve Board, S p e c i a l Fund", Leased Wire System, sending d u p l i c a t e C/D to the F e d e r a l Reserve Board. Yours r e r y t r u l y , F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F. R. BANKS EXCEPT CHICAGO. L REPORT SHOWING- CLASSIFICATION AND NUMBER (F X)RDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL BE SERVE LEASED WIRE SYSTEM FOR THE MONTH OF APRIL, 1928. X-6036-a Business reported "by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco Total F. n Words sent by New York chargeable te o t h e r F. R. Banks ( l ) 29,624 146,265 34,630 81,713 53,280 54,207 110,487 76,751 20,5072,636 1,163 30,727 146,265 35,842 84,093 56,018 - 1,212 2,375 2,735 6,028 2,690 l,6ob 2,648 3,189 6,457 3,282 33,448 65,021 112,809 573,026 . Bo.'ird b u s i n e s s . . i Net Federal Reserve Bank business • • 60,235 113,177 78,417 32,246 81,825 71,538 116,091 906,534 - • • P e r c e n t of t o t a l bank b u s i n e s s (*) 3,40 16.13 3.95 9-28 6.18 6.64 12.4s 8.65 3o6 9.03 7-89 12.81 100.00% 27c.271 Treasury Department "business - Incoming and Outgoing T ot al words t r a n s m i t t e d over main l i n e s (*) These oercent^ges used i n c a l c u l a t i n g the pro r a t a share of leased wire exoense as shown on the accompanying statement (X-6036-b). (l) Number of words sent by New "fork to other F. R. Banks f o r t h e i r sole b e n e f i t charged to banks i n d i c a t e d in accordance with a c t i o n taken a t Governors' Conference November 2 - 4 , 1925- 1,182,805 86,022 1,26S,827 REPORT 0? EXP^TSF "AITT LI?TE FEDERAL EESRRVT! LEASED 'TIRE SYSTEM, APRIL, 1928. Name of Bank Operators 1 Salaries Operators 1 Overtime Boston 260.00 $ $ 5.00 Hew York 2.00 995.7S Philadelphia 225.00 Cleveland 296.66 Richmond 190.00 Atlanta 270.00 Chicago 3 , 8 6 3 . 8 1 (#) S t . Louis 205.00 Minneapolis 181.28 Kansas City 275.64 Dallas 251.00 San F r a n c i s c o 370.00 — F e d e r a l Reserve Board Total $ 7,384.17 $ 7.00 - (&) (#) (*) (a) W ( Wire Rental To t a l Expenses $ Pro Rata Share of To t a l Expenses 265.OO $ 722.13 3,425.87 997-78 225.00 838.95 296.66 1,970.99 230.00 (&) 420.00 1,312.58 l,410.28 270.00 2,650.64 3,863.81 205.00 1,837-19 181.28 756.11 275.64 1,917.89 251.00 1,675.77 370.00 2,720.73 — 15,162.62 15,162.62 $15,392.62 $ 22,783-79 $21,239.13 1,544. 66(a) $ 21,239.13 - - - — X-6036-b Credits $ 265.00 997-78 225.00 296.66 420.00 270.00 3,263.81 205.00 181.28 275.64 251.00 370.00 Payable to Federal Reserve Board $ - - $7,621.17 457.13 2,428.09 613.95 1,674.33 892.58 1,140.28 1,213.17 (*) 1,632.19 574.83 1,642.25 1,424.77 2,350.73 $14,S31.13 1.213.17(b) $13,617.96 Main l i n e r e n t a l , Richmond - Washington. Includes s a l a r i e s of Washington o p e r a t o r s . Credit. Received $1,544.66 frcm Treasury Department covering b u s i n e s s f o r the month of A p r i l , 1928. Amount reimbursable to Chicago. f~"
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