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FEDERAL RESERVE BOARD 171 WASHINGTON X-6714 ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD SUBJECT: September 19, 1930. Expense, Main Line, Leased Wire System, August, 1930. Dear S i r : Enclosed herewith you w i l l f i n d two mimeograph s t a t e m e n t s , X-6714-a and X-6714-b, covering i n d e t a i l operations of the main l i n e , Leased Wire System, during the month of August, 1930. 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, National Banks, for 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 y o u r s , F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F. R. BASKS EXCEPT CHICAGO. REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1930. From Business reported "by banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis Minneapolis Kansas City Dallas San Francisco Total 26,542 123,591 32,609 82,621 60,532 57,115 98,632 75,230 30,370 76,794 65,015 103,563 832,614 Words sent "byNew York chargera b l e to o t h e r F. R. Banks ( l ) Net Federal Reserve Bank Business 2,932 29,474 123,591 34,362 85,123 63,179 64,94s 102,302 77,865 33,739 79,195 73,501 107,361 874,700 - 1,753 2,562 2,647 7,833 3,670 2,635 3.369 2,401 8,486 3,79% 42,086 F. R. Board business . . . . . Percent of t o t a l "bank b u s i n e s s ^ ) 3-37 14.13 3-93 9.74 7.22 7.43 11.70 8.90 3-86 9.05 8.40 12.27 100.00 285,810 Treasury Department b u s i n e s s Incoming and Outgoii^ 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 l e a s e d wire expense as shown on the accompanying statement (3^-6jl4-b) (l) Number of words s e n t by New York to 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. X-6?lU-a 1,160,510 58,792 1,219,302 ^ 1 0 X-67l4-b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED TIRE SYSTEM, AUGUST, 1530. Name of Bank Operators' Salaries $ 260.00 Boston 1,216.64 New York Philadelphia 225.00 Cleveland 306.66 Richmond 190.00 Atlanta 270.00 Chicago 4,172.15(#) St. Louis 195.00 200.00 Minneapolis Kansas City 227.50 Dallas 251.00 San Francisco 380.00 Federal Reserve Board Total $ 7,953.95 Operators' r Overtime $ 1.00 Wire Rental $ Total Expenses $ 261.00 1,216.64 225.00 306.66 420.00 270.00 4,174.15 195.00 200.00 287-50 251.00 380.00 15,703.37 $ - - - - — — 230.00C&) — 2.00 - - - - - - - - - $ 3.00 — 15.703.37 $15,933.37 $ $ (&) (#) (*) (a) (b) Pro Rata Share of Total Expenses $ 766.28 3,212.93 893.62 2,214.72 1,641.71 1,689.46 2,660.39 2,023.72 877.70 2,057.82 1,910.03 2,790.00 — 23,890.32 :$22,738-38 1.151.94(a) 22,73S-38 Credits $ Payable to Federal Reserve Board 261.00 1,216.64 225.00 306.66 420.00 270.00 4,174.15 195.00 200.00 287.50 251.00 380.00 $ 505.28 1,996.29 668.62 1,908.06 1,221.71 1,419.46 1,513,76(*> 1,828-72 677.70 1,770.32 1,659.03 2,410.00 — — $ 8,186.95 $ $ 16,065.19 1.513.76(b) 14,551.43 Main l i n e r e n t a l , Richmond-Washington. Includes s a l a r i e s of Washington operators. Credit. Received $1,151-94 from Treasury Department covering "business f o r the month of August, 1930. Amount reimbursable to Chicago.
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