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R-243 BOARD OF GOVERNORS 2 5 8 OF THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS May 17, 1938. Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of April, 1958. 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 FEDERAL RESERVE BANKS EXCEPT RICHMOND OFFICIAL C O R R E S P O N D E N C E TO T H E BOARD R-245-a 259 REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF APRIL. 1958 Words Sent Total by N. Y. Number Words q£ Words Chargeable Sent to Other Chargeable F.R. Banks Federal Reserve Bank Expenses Paid by Banks and Board (2) Pro Rata Share of Total Expenses (1) Payable to Board of Governors 270.92 3\ 285.61 445.16 1,059.78 73.90(a) 256.55 594.63 295.47 35,140 99,299 *10,058 44,017 2,126 2,159 2,193 37,266 # 556.53 99,299 1,482.94 12,217 182.45 46,210 690.10 Richmond Atlanta' Chicago St. Louis 42,682 55,177 80,887 65,005 2,147 2,124 2,409 2,146 44,829 57,501 83,296 67,151 669.48 855.73 1,245.95 1,002.84 184.14 335.51 1,193.72 266.16 485.34 522.22 50.25 736.68 Minneapolis Kansas City Dallas San Francisco 29,065 61,193 58,940 75,061 2,184 2,140 2,100 2,174 51,249 63,535 61,040 77,255 466.67 945.82 911.57 1,153.43 172.16 259.18 279.55 455.90 294.51 686.64 632.22 697.53 476,815 7,120.75 12,275.62 Boston New York Philadelphia Cleveland Board of Governors Total 476,813 1,153,537 25,902 1,157,239 #17,282.26 # — — . $17,282.26 #5,228.77 75.90(a) #5,154.87 : (1) Based on cost per word (#.014934-046) for business handled during the month. (2) Payments by banks are for personal services and supplies and payments by Board are for personal services and supplies (#1,690.82) and wire rental (#10,584.80). Personal services include 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. (a) Credit - reimbursable to Philadelphia. ^Philadelphia reported for March . . . . . 72,217 Should have reported . 52.478 Excess words reported for March . . . . . . . . . 39,759 Actual word count for April Deducted account excess report for March 19.759 Number of words reported for April Balance of excess words to be deducted try Philadelphia from actual word count for May . . 20.000 29,797 19,759 10^058
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