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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

X-4668
September 15, 1926.
SUBJECT: Expc:1Se, Main Line, Leased Wire System,
August, 1926.
Dear Sir:
Enclosed herewith you will find two mimeograph
statements, X-4668-a and X-46.68-b, covering in detail
operations of the main line• Leased Wire System, during
the month of August, 1926.
Please credit the amount payable by your bank
in the general account, Treasurer, u.S.; on your books,
and issue C/D Form 1, national Banks, for account of
"Salaries and Expenses, Federal Reserve Board, Special
Fund", Leased Wire System,. sendir.g duplicate 0/D to
the Federal Reserve Board.
Yours very truly,

Fis cal Agent.
Enclosures.

TO GOVERNORS OF ALL F. R. :aANKS EXCEPT CHICAGO.




v

X-4668-a
REPORT SHOWING CLASSIFICATION AL'JD NUMBER OF .WORDS TRk"fSMITTED OVER MAIN LINE
OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1926.

Business
reported
by banks

From

Boston
New York
Philadelphia
Cl~veland

Richmond
Atlant&
Chica.go
St. Loui>3
Wnneapolit
Y.JJ•:lsau City
Dallal
Sf:m Fra.nciaco
To·~li.l

30, 7~
126,175
35,781
72,625
44,178
59 ,09~
97,717
84,789
35,549
70,915
51,489
98,56}
807,617

F.R.Board
Toto.l

Por cant of Total

Words sent
by New York
chargeable
to other
F. R. Banks (1)

Total

~85

31,315
126,175
36,466

1,570
2,836
3.338
2,589
2,047
1,905
2,395
4,303
2,247
24,490

4 7,014
,2, 4j4
100,306
86,836
37,454
73,310
55.792
100,81()
832,107

575

7!~,195

~L~

1,125,468
100%

Treasury
Department
Business

War
Finance
Corporation
Business

3,5044,cso
2,660
2,971
2,921
3,697
4,301
3,941
1,469
3,31+2
1,591
5,}18

39,795
~J_671

~,4bb
5-82%

25,
.02%

Net
Federal
Reserv9
Bank Bus in es a
27,811
122,095
33,806
71,224
44,093
58,737
96,005
82,895
35,985
69,968
51+,201
95,492
792,a12

26~~

1,059,7
94.Hi%

(*)

Thede percenta.geil used in calculating the pro ra.ta. sh<1.re of leased wire expense as shown on the
accompanying statement (X-46•8-b).

(1)

Nunber of words sent by New York to other r. R. Banks for their sole benefit charged to banks indicated, in accordance with action taken &t Governors' Confer.uce November 2- 4, 1925.




Per cent of
total bank
Busineu(*)
3-51
15.41
4.27
8.99
5-57
7.41
12.12
10.46
4.54
8.83
6.84
12~65

1CC.C0

..,

J

>

X-4668-b
REPORT OF EXPENSE W.AIN LINE

FEDERAL RESERVE LEASED WIRE SYSTEM, AUGUST, 1926.

/

Na.rpe of Bank
1

'

Bq'<>ton
N~" York
P.hi lade lphia.
Cleveland

Operators'
Salaries

Operators'
Overtime

Wire
Rental

$26C.vC

$260.00
1,100.16
r
66
2 1... b.

$21.00

1,121.16
216.66
284.50
185.00
255.00
4,172.90
272.00
183·34

284,50

~i ~ h.'Xlon d

185.00
.J,1;-.La.nta
255.0J
Chic~go
(#)4,172.90
St. Lou:i.s
272.00
Minneapolis
183-34
:&.mll!aS City
275.64
:Oa11J.s
251. J::San Franci.;co
3"(C.Cv
Y'ederal Reserve Bos.rd
Total

$7,826.20

Tots.l
Expenses

275~64

$15,339·53
$21.00

251.CC
37v.CO
15,339·53

$15,339·5j $23,186.73
(a) 1.354. 90
$21,831.83

Pro Eata
Share of
Total
Expenaa

Credits

$ 7S6. 30
3,364.28
932.22
1,962.68
1,216.03
1,617.74
2,646.02
2,283. 61
991.16
1,927-75
1 1 L}9}, 30
2,630.74

.~ 26-:. cc
1,121.16
216.66
254. 5G
135o0(..
255.00
4,172.90
272.00
183.34
275.64
251. (;:;:,
370o00

$5(;6. 30
2,243.12
715.56
1,678.18
(&}1,235· 70
. 1,362. 74
(*)1,526.88
2,Cll. 61
S07 .82
1,652.11
1,242.3C
2,26o.74

:t21 ,831. 8 3

;'(,7 ,547. 20

$15,716.18
(b)l 1 226.8S
$14,189.30

(&) Inc:::.udes ;~204. 67 fer br.l!U'lCh line business tra."l.ami tted ever rr..n.in line circuit.
(#) Includes salaries of W&~.shington operators.
(*)Credit.
(a) Received $1,348.72 from Treasury Dept., and $6.18 from War FinB.nce Corpora.tion covering
business for the month of Auguat, 1926.
(b) .A,...'Ilount reimbursable to Chicago.




Payable to
Federal
Reserve
Board