Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Expense of Main Line, Leased Wire System, August, 1932, Number X-7248, Volume 37, Page 219

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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence to
the federal reserve board

X-7248
September 21, 1932.

SUBJECT:

E x p e n s e , Main L i n e s , L e a s e d Wire S y s t e m ,
August, 1932.

Dear S i r :
Enclosed, h e r e w i t h y o u w i l l f i n d two mimeographed
s t a t e m e n t s , X - 7 2 4 8 - a and X-7248-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 o f t h e m a i n l i n e s , L e a s e d Wire S y s t e m , d u r i n g
t h e month of A u g u s t , 1932.
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. , o n 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 o f " S a l a r i e s
and E x p e n s e s , F e d e r a l R e s e r v e Board, S p e c i a l Fund", 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
Board.
Very t r u l y y o u r s ,

Fiscal Agent.

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




X-7248-a
REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINES
OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1 9 3 2 .
Business
reported
by b a n k s

From
Boston
New Y o r k
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San F r a n c i s c o
Total

Words s e n t by
New York c h a r g e able to other
F . R. Banks ( l )

28,218
158,071
29,016
61,673
58,048
53,475
91,589
65,989
34,483
68,574
58,482
99,400
807,018

2,736
-

2,265
2,050
2,142
1,969
2,599
2,867
2,072
2,241
3,165
4,086
28,192

F . R. B o a r d b u s i n e s s *

Net Federal
reserve
bank
business
30,954
158,071
31,281
63,723
60,190
55,444
94,188
68,856
36,555
70,815
61,647
103.486
835,210

Percent of t o t a l
bank b u s i n e s s ( * )
3.71
18.92
3.74
7.63
7-21
6.64
11.28
8.24
4.38
8.48
7.3S
12.39
100.00

308.450

R e i m b u r s a b l e b u s i n e s s I n c o m i n g 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 over main l i n e s

(*)

T h e s e 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 o f l e a s e d w i r e e x p e n s e a s shown
on t h e accompanying s t a t e m e n t ( X - 7 2 4 8 - b ) .

(l)

Number o f w o r d s s e n t hy New Y o r k t o o t h e r F . R. B a n k s 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 t o
banks i n d i c a t e d i n accordance with a c t i o n t a k e n at Governors' Conference
November 2 - 4 , 1 9 2 5 .




*

1,143,660
.

361,589
1,505,249

A

>

x-724g-b
REPORT OF EXPENSE MAIN LINES
FEDERAL RESERVE LEASED WERE SYSTEM, AUGUST, 1 9 3 2 .

Name o f b a n k

Operators'
overtime

$ -

$260.00
1,134.15
225.00
306.66
190.00
270.00
4,090.36 ( # )
195.00
200.00
287.50
251.00
380.00

1.00

•

$

$260.00

_

—

—

-

—

5.00
—

—

—

—
—

—

—

—

—

—

15,615.29
6.00 $15,845.29

$

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 W a s h i n g t o n o p e r a t o r s .
Credit.
JJmount r e i m b u r s a b l e t o C h i c a g o .




-

-

Reimbursable charges:
T r e a s u r y Department
$2,172.61
R e c o n s t r u c t i o n F i n a n c e C o r p o r a t i o n . 3,335• 71
F e d e r a l Farm L o a n B o a r d .
33*80
F e d e r a l Farm B o a r d
54.63
Compt. o f C u r r e n c y , I n s o l v . Bank D i v .
82.25
Less: Reimbursable charges
(&)
(#)
(*)
(a)

Total
expensed
1,135.15

—

$7,789-67

Wire
rental

0
0
0
CU

Boston
New Y o r k
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San F r a n c i s c o
Federal. Reserve Board
Total

Operators'
salaries

225.00

306.66
420.00
270.00
4,095.36
195.00
200.00
227.50
251.00

380.00

15.615.29
$23,640.96

Pro r a t a
share of
total
expenses

Credits

$666.39
3,398.40
671.78
1,370.50
1.295.06
1,192.67
2,026.11
1.480.07
786.73
1,523.17
1,325.59
2,225.49

$260.00
1,135.15
225.00
306.66
420.00
270.00
4,095.36
195.00
200.00
287-50
251.00

$17,961.96

$8,025.67

380.00

Payable to
Federal
Reserve
Board
$406.39

2,263.25

446.78
1,063.84
875-06
922.67
2,069.25 ( * )
1,225.07
586.73
1,235.67
1,074.59
1,845.49
$12,005.5%
2.069.25 (a)
$ 9,936.29

., 5 . 6 7 9 . 0 0
$17,961.96

10