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- FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE; T O T H E FEDERAL RESERVE BOARD X-6894 May 21, 1931. SUBJECT: Expense, Main L i n e , Leased Wire System, A p r i l , 1931. Dear S i r : Enclosed h e r e w i t h you w i l l f i n d two mimeographed s t a t e m e n t s , X-6894-a and X-6894-b, c o v e r i n g i n d e t a i l o p e r a t i o n s of t h e main l i n e , Leased Wire System, d u r i n g t h e month of A p r i l , 1931. P l e a s e c r e d i t t h e amount p a y a b l e "by y o u r bank i n t h e 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, s e n d i n g d u p l i c a t e C/D t o t h e F e d e r a l Reserve Board. Very t r u l y y o u r s , F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F. R. BANKS EXCEPT CHICAGO. : 659 x-6894-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF APRIL, 1931. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas "San F r a n c i s c o Total 26,434 118,447 31,020 79.790 57,647 58,152 94,267 71,777 30,839 74,796 64,280 96,722 804,171 Words sent by New York chargea b l e to o t h e r F. R. Banks ( l ) Net F e d e r a l reserve bank business 29,605 118,447 32,562 82,947 60,018 68,100 98,829 75,134 34,513 77.785 76,309 101.037 855,286 3,171 1,542 3,157 2,371 9,948 4,562 3! 674 2,989 12,029 %.315 51,115 F_. ?v. Board b u s i n e s s p e r c e n t of t o t a l bank b u s i n e s s ( • ) 3.46 13.85 3.81 9.70 7.02 7.96 11.56 8.78 4.04 9.09 3.92 11.81 100.00 300,055 T r e a s u r y Department b u s i n e s s Incoming and Outgoing T o t a l words t r a n s m i t t e d over main l i n e s . . . . . . . 1.155.341 122,070 i (*) These p e r c e n t a g e s used in c a l c u l a t i n g t h e pro r a t a s h a r e of l e a s e d w i r e expense as shown on the accompanying statement (X-6894-b). (l) Jftunber of words sent by New York t o o t h e r F. R. Banks f o r t h e i r s o l e b e n e f i t charged t o banks i n d i c a t e d i n accordance w i t h a c t i o n taken a t Governors' Conference November 2 - 4 , 1925. 1,277,411 @5 i A-UO^T-y REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, APRIL, 1931. Name of bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o Fe&eral Reserve Board Total (&) (f) (*) (a) (b) Operators' salaries $260.00 1,134.15 225.00 306*66 190.00 270.00 3 , 6 9 3 . 5 0 (#) 195.00 200,00 287.50 251.00 380.00 - $7,392.81 Operators' overtime $5.00 Wire rental $ Pro r a t a s h a r e of total expenses Credits $732.30 2,931.33 806.38 2,052.99 1,485.77 1,684.72 2,446.66 1,858.27 855.06 1.923.89 1.887.90 2,499.57 $265.00 1,134.15 225.00 306.66 420.00 270.00 3,696.50 195.00 200.00 287.50 251.00 380.00 $23,401.06 $21,164.84 $7,630.81 Total expenses $265.00 1,134.15 230.00 (&) 3.00 225.00 306.66 1*20,00 270.00 3,696.50 195.00 200.00 287.50 251.00 I5.77O.25 $8.00 $16,000.25 380.00 15.770.25 2.236.22(a) $21,164.84 Main l i n e r e n t a l , Richmond-Washington. I n c l u d e s s a l a r i e s of Washington o p e r a t o r s . Credit. Received $2*.236.22 from Treasury Department covering b u s i n e s s f o r t h e month of A p r i l , 1931, Amount r e i m b u r s a b l e t o Chicago. Payable to Federal Reserve Board $467.30 1,797.18 581.38 1,746.33 1,065,77 l,4i4.72 1 , 2 4 9 . 8 4 (*) 1,663.27 655.06 1,636.39 1,636.90 2,119.57 $14,783.87 1 . 2 4 9 . 8 4 (b) $13,534.03
@FedFRASER