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185 BOARD OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM R-652 WASHINGTON OFFICIAL C O R R E S P O N D E N C E TO THE May 15, 1940 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 1940. 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 Interdistrict Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by mail the amount and purpose of the credit. Very truly yours, 'oulk Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND BOARD 186 R—652—a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF APRIL 1940 Words Sent by N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Pro Rata Share of Total Expenses (1) Expenses Paid by Banks and Board (2) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 23,474 68,936 16,990 34,320 481 483 23,943 S 466.10 68,936 1,341.98 340.11 17,471 677.51 34,803 Richmond Atlanta Chicago St. Louis 26,072 43,102 64,019 46,183 478 479 521 500 26,550 43,581 64,540 46,683 516.85 848.40 1,256.41 908.78 218.62 241.27 1,257.85 239.12 Minneapolis Kansas CityDallas San Francisco 22,495 51,445 38,960 50,728 478 478 491 481 22,973 51,923 39,451 51,209 447.22 1,010.79 768.00 996.89 187.13 273.06 272.67 411.93 275,683 5,366.74 10,110.12 Board of Governors 275,683 Total 762,407 469 - 5,339 277.31 $ 954.07 247.56 255.07 Payable to Board of Governors 188.79 387.91 92.55 422.44 298.23 607.13 1.44( 669.66 260.09 737.73 495.33 584.96 - 767,746 $14,945.78 $14,945.78 $4,744.82 1.440 $4,743.38 (1) Based on cost per word ($.019467089) 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 ($1,437.42) and wire rental ($8,622.70). 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 Chicago.
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