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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o t h e federal reserve board X-6138 September 19, 1928. SUBJECT: E x p e n s e , Main L i n e , L e a s e d W i r e System, August, 1928. Dear S i r : E n c l o s e d h e r e w i t h y o u w i l l f i n d two mimeog r a p h s t a t e m e n t s , X - 6 1 3 8 - a a n d X-6138-"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 m a i n l i n e , L e a s e d Wire S y s tem, d u r i n g t h e month of A u g u s t , 1 9 2 8 . 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 y o u r "books, a n d i s s u e C/D Form 1 , N a t i o n a l B a n k s , f o r a c c o u n t of " S a l a r i e s a n d E x p e n s e s , F e d e r a l R e s e r v e B o a r d , S p e c i a l F u n d " , L e a s e d Wire S y s t e m , 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 R e s e r v e B o a r d . 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. 2A13CS EXCEPT CHICAGO, J REPORT SHOWING- CLASSIFICATION AMD NUMBER OF WORDS TRANSMITTED OVER MAIN LINE TDF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1928. From Business reported "by "banks Words s e n t "by New York c h a r g e able to other F . R . Banks ( 1 ) Net F e d e r a l Reserve Bank "business 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 32,357 l46$442 34,709 88,218 56,535 66,112 114,264 78,304 31,917 80,812 73,174 115,l6l 918,055 1,270 96l 2,403 2,207 6,886 2,499 726 2,280 2,533 7,241 2,530 31,536 33,627 l 4 6 -.442 35,670 90,621 58,792 72,998 116,763 79,030 34,197 83,345 80,415 117,691 949,591 F . R. Board "business P e r c e n t of t o t a l bank b u s i n e s s ( * ) 3.54 15-42 3*76 9-54 6.19 7.69 12.30 8.32 3-60 8.78 8.47 12.39 100.00 259.661 T r e a s u r y Department "business - Incoming and O u t g o i n g T o t a l - words t r a n s m i t t e d o v e r main l i n e s (*) These p e r c e n t a g e s u s e d i n c a l c u l a t i n g t h e p r o r a t a s h a r e of l e a s e d w i r e e x p e n s e s a s shown on t h e accompanying s t a t e m e n t (X-6l38~"b). (l) Number of words s e n t "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 c h a r g e d to "banks i n d i c a t e d i n a c c o r d a n c e w i t h a c t i o n t a k e n a t G o v e r n o r s ' C o n f e r e n c e November 2 - 4 , 1 9 2 5 ' X-6l32-a 1,209,252 190,381 1,399,633 X-6l3&-b REPORT OF EXPENSE MAIN LIES FEDERAL RESERVE LEASED WIRE SYSTEM, AUGUST, 1928. Name of Bank Operators1 Salaries $ 260.00 Boston 1,149.45 New York Philadelphia 225-00 Cleveland 296.66 232.00 Richmond 270.00 Atlanta Chicago 4,149.23 (#) 205.00 S t . Louis Minneapolis 177.90 Kansas City275*64 251.00 Dallas San F r a n c i s c o 370.00 F e d e r a l R e s e r v e Board Total (&) (#) *) a) (b) $7,861.89 Operators1 Overtime .-$ — 6.00 - — - — Wire Rental $ - — - 230.00(&) - - - - - - - - - - - - $ 6.00 15,ISO.84 $15,410.84 Total Expenses Pro R a t a Share of Total Expenses Credits 260.00 $ 711.92 3,101.32 1,155.46 225.00 756.22 296.66 1,918.72 462.00 1,244.95 270.00 1,546.64 2,473.21 4,149.23 205.00 1,673.34 724.04 177.90 1,765.86 275.64 251.00 1,703.51 370.00 2,491.92 15,180.84 $ 260.00 1,155-46 225.00 296.66 462.00 270.00 4,149.23 205.00 ' 177.90 275.64 251.OO 370.00 $23,278.73 $20,112.31 3.166.42(a) $20,112.31 $8,097.89 $ Payable to Federal Reserve Board $ 451.98 1,945.86 531.22 1,622.06 782.95 1,276.64 1,675.42 (*) 1,468.34 546.14 1,490.22 1,452.51 2,121.92 - - $13,689-84 1.675.42(b) $12,014.42 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. R e c e i v e d $ 3 , 1 6 6 . 4 2 from T r e a s u r y Department c o v e r i n g "business f o r the month of A u g u s t , 1928. Amount r e i m b u r s a b l e t o Chicago.
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