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FEDERAL RESERVE BOARD 8, WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-7620 September 27, 1933• SUBJECT: Expense, Main Lines, Leased Wire System, August, 1933• Dear Sir: Inclosed, herewith you will find two mimeographed statements, X-7620-a and X-7620-b, covering in detail operations of the main lines, Leased Tire System, during the month of August, 1933• Please credit the amount payable by your bank for your share of the expense of the Leased Wire System, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Gold Settlement Fund for the account of the Federal Reserve Board, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, Deputy Fiscal Agent. Inclosures. TO GOVERNORS OF ALL F. R. BAMS. X-7620-a REPORT SEQWHTG CLASSIFICATION AilD KUMBSR OF TOEDS TBA3>!SIv;iTTED OVER MAIN LIKES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR H E MOUTH OF AUGUST, 1933. Business reported by banks From Boston ITew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by STew York chargeable to other F. R. Banks (1) 37,698 165,009 35,610 58,206 71,639 57,642 95,744 70,358 34,532 74,940 63,067 96,072 860,517 2,928 - 3,072 3,045 3,011 2,955 3,270 3,237 2,984 2,966 4,371 4,697 36,536 F. R. Board business Ifet Federal reserve bank business 40,626 165,009 38,682 61,251 74,650 60,597 99,014 73,595 37,516 77,906 67,438 100,769 897,053 Percent of total bank business (*) 4,53 18.39 4.31 6.83 8.32 6.76 11.04 8.20 4.18 8.69 7.52 11.23 100.00 197.426 Reimbursable business Incoming and Outgoing Tot?l words transmitted over rr-in lines (*) These percentages used in calculating the pro rata share of leased pi re expense as shown on the accompanying statement (X-7620-b). (l) Number of words sent by STen York to other F. R. Banks for their sole benefit charged to banks indicated in accordance ^ith action taken at Governors' Conference November 2-4, 1925. 1,294,479 499 , 807 1,794,286 o X-7 620—13 REPORT OF EXPENSE MAIH LIHES FEDERAL EESERVE LEASED WIEE SYSTEM, AUGUST, 1933• 2Jame of Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Federal Reserve Board Total Operators' salaries Operators' overtime $260.00 $1.00 1,284.14 6.00 225.00 306.66 190.00 270.00 4,130.42 (#) 22.00 195.00 200.00 287.00 25I.OO 380.00 — $29.00 $7,979.22 Wire rental $261.00 1,290.14 225.00 306.66 420.00 230.00 (&) — 270.00 4,152.42 195.00 — 200.00 287.00 251.00 — 380.00 15,655.30 15,655.30 $15,885.30 $23,893.52 $ Reimbursable charges: Treasury Department $2,64l. 4l Reconstruction Finance Corporation . 3>465.21 Exp. Hat. 5kg. Emergency Act, 3-9-33 393*67 Federal Home Loan Bank Board . . . . 3«01 Comp. Currency Div. Insolv. Hat'l.Bks 49.20 Farm Credit Administration: Federal Farm Loan Bureau 46.66 Federal Farm Board 56.49 Less Reimbursable Charges ..... (&) Main line rental, Richmond-Washington. (#) Includes salaries of Washington operators. (*) Credit. (a) Amount reimbursable to Chicago. Total expenses ~ - Pro rata share of total expenses $780.88 3,170.04 742.95 1,177.35 1,434.19 1,165.28 1,903.06 1,413-51 720.54 1,497.97 1,296.29 1,935-si — $17,237.87 Credits $261.00 1,290.14 225.00 306.66 420.00 270.00 4,152.42 195.00 200.00 287.00 251.00 380.00 — $8,238.22 Payable to Federal Reserve Board $519.88 1,879.90 517.95 870.69 1,014.19 895.28 2,249.36 (*) 1,218.51 520.54 1,210.97 1,045.29 1,555.81 — $11,249.01 2,249.36 (a) $ S,999.65 $6,655.65 $17,237.87 Ca9
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