Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Expense of Main Line, Leased Wire System, August, 1931, Number X-6969, Volume 35, Page 380

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* 380
FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
T H E FEDERAL RESERVE BOARD

X-6969
September 16, 1931.

SUBJECT: Expense, Main Lines, Leased Wire System,
August, 1931.
Dear Sir:
Enclosed herewith you will find two mimeographed statements, X-6969-a and X-6969-b, covering
in detail operations of the main lines, Leased Wire
System, during the month of August, 1931.
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, sending duplicate C/D to the Federal Reserve Board.
Very truly yours,

Fiscal Agent.

Enclosures.
TO GOVERNORS OF ALL F. R. BAMS.




X-o9b9-a
REPORT SHOWING- CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINES
OF TEE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1931.

Business
reported
by banks

From
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
JEansas City
jB&llas
San Francisco
Total

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

24,496
348,545
30,054
78,283
53,627
49,764
89,925
64,749
33,207
76,944
59,255
93,024

1,001,873

2,777
-

1,930
2,484
2,842
7,830
3,350
2,691
3,5^8

2,606

11,751
4,453
46,262

X. R. Board business

Net Federal
reserve
bank
business

Percent of total
bank business (*)
2.60
33.25
3.05
7.71
5.39
5.50
8.90
6.43
3.51
7.59
6.77
9.30
100.00

27,273
348,545
31.984

80,767

56,469
57.594
93.275
67.440
36,755
79.550
71,006
97.477
1.048,135
297.3$+

1.345.439
110,708

Treasury Department business Incoming and Outgoing
Total words transmitted over main lines

.

(*)

These percentages used in calculating the pro rata share of leased wire expense as shown
on the accompanying statement (X-6969-b).

(l)

Number of words sent by New York to other F. R. Banks for their sole benefit charged to
banks indicated in accordance with action taken at Governors' Conference
November 2 - 4 , 1925.




1,456,147

X—e9o9-"b
REPORT OF EXPENSE MA.IN LINES
FEDERAL RESERVE LEASED WIRE SYSTEM, AUGUST, 1931.

Pro rata
share of
total
expenses

Operators* Operators1 Wire
Total
salaries
Name of tank
overtime
rental
expenses
Boston
$260.00
$ 2.00
$262.00
$563.72
Sew York
1,134.15
8.00
1,142.15
7,209.16
Philadelphia
225.00
225.00
661.29
Cleveland
306.66
306.66
1,671.66
Richmond
190.00
230.00 (&)
420.00
1,168.64
Atlanta
270.00
270.00
1,192.49
Chicago
3,962.03 (#)
1.00
3,963.03
1.929.67
St. Xouis
195.00
195.00
1,394.13
Minneapolis
200.00
200.00
761.03
Kansas City
287.50
287.50
1,645.64
Dallas
251.00
251.00
1,467.85
San francisco
380.00
380.00
2,016.40
Federal Reserve Board
i5.563.39
- 15,563.79
"Total
$7,661.34
$11.oo$i5,793.39
$23,465.73
$21,681.68
1.784.05(a)

Credits
$262.00
225.00
306.66

$301.72
6,067.01
436.29
1,365.00

270.00

922.49

1,142.15

420.00
3,963.03

195.00
200.00
287.50
251.00
380.00

$7,902.34

$21,681.68

(&) Main line rental, Richmond—Washington.
(f) Includes salaries of Washington operators.
(*) Credit.
(a) Received $1,784.05 from Treasury Department covering business for the month of August,
(b) Amount reimbursable to Chicago.




Payable to
Federal
Reserve
Board

748.64

2,033.36 (*)
1.199.13

561.03

1.358.14
1,216.85
1,636.40

$15,812.70
2.033.36 ( b )
$13,779.34

1931.

fy*s