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FEDERAL RESERVE BOARD WASHINGTON A D D R E S S OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE B O A R D X-7^39 May 23, 1933. SUBJECT: Exnense, Main Lines, Leased Wire System, A p r i l , 1933. Dear S i r : Inclosed herewith you t r i l l f i n d two mimeographed s t a t e m e n t s , X-7*+39-a and X-7U39""b> 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 s , Leased Wire System, during the month of A p r i l , 1933* Please c r e d i t the amount payable by your "bank i n the general account, Treasurer, 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, Federal Reserve Board, Special Fund", Leased Wire System, sending d u p l i c a t e C/D to the Federal Reserve Board. Very t r u l y yours, F i s c a l Agent. Inclosures. TO GOVERNORS OF ALL F. R. BAMS, X-?439-a 1 REPORT SHOWING CLASSIFICATION AHD MJMBER OF WORDS TRANSMITTED OVER MAIIS LINES OF THE FEDERAL RESERVE LEASED TORE SYSTEM FOR THE MONTH OF APRIS, 1933. Business reported by banks From Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by ITevr York chargeable to other F. R. Banks ( l ) 33,4:6 170,122 33,336 52,358 64,576 55,599 85,733 67,266 38,752 71,523 64,856 103,071 840,638 1,797 - 1,970 1,757 1,596 1,493 2,095 1,561 1,648 1,588 3,o4o 3,707 22,252 F . R. Board "business Net Federal reserve bank business 35,213 170,122 35,306 54,115 66,172 57,092 87,828 65,827 40,400 73,111 67,926 106,778 852,890 Percent of t o t a l bank business (*) 4.08 19.72 4.09 6.27 7.67 6.62 10.18 7.9 8 4.68 S.47 7-87 12.37 100.00 363 , 642 Reimbursable "business Incoming and Outgoing Total words t r a n s m i t t e d over main l i n e s (*) These percentages used in c a l c u l a t i n g the pro r a t a share of leased w i r e expense as shown on the accompanying statement (X-%%39-b). (l) ITuiriber of words sent by TTew York t o other F. R. Banks f o r t h e i r s o l e 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. 1,226,532 571,770 1,758,302 X-7)139-13 REPORT OF EXPENSE MAI2T LIFES FEDERAL RESERVE LEASED WIRE SYSTEM, APRIL, 1933. Operators' overtime $260.00 1,265.05 225.00 306.66 * I85.O3 243.00 4,617.07 (#) 195.00 205.25 273.00 251.00 380.00 *• $8,406.06 $7.00 1.00 Wire rental $ — — — — 106.25 1.00 — — — — — - — — 15,887.31 $115.25 $ 16,117.31 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. Amount reimbursable to Chicago. $267.00 1,266.05 225.00 306.6b — Reimbursable charges: Treasury Department, , . $2,598.80 Exp. R a t . Ekg. Emergency Act, 3-9-33 670.23 Reconstruction Finance Corporation . 4,062.96 F e d e r a l Farm Board . 35.79 Federal Farm Loan Board 16.69 Federal Home Loan Bank Board . . . . 6.38 Comp.Currency, Div. I n s o l v . Hat. Bks._ 60.70 Less: Reimbursable Charges " (&) (f) (*) (a) Total expenses 8 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco F e d e r a l Reserve Board Total Operators' salaries O Name of Bank 415.03 243.004,723.32 196.00 205.25 273.00 251.00 380.00 15,887.31 Pro r a t a share of total expenses $701.23 3,389.29 702.95 1.077.63 1,318.25 1,137.78 1.749.64 1,371.53 804.36 1,455.75 1,352.62 2,126.04 Credits $267.00 1,266.05 225.00 306.66 415.03 243.00 4,723.32 196.00 205.25 273.00 251.00 380.00 $17,127.07$8,751.31 7,451.55 $17,187.07 Payable to Federal Reserve Board $434.23 2,123.24 477.95 770.97 903.22 894.78 2,973.68 (*) 1,175.53 599.11 1,182.75 1,101.62 1,746.04 $11,409.44 2,973.68(a) $ 8,435.76
@FedFRASER