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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-8OO3 September 13> 193*+• SUBJECT: Expense, Main Lines, l e a s e d Wire System, August, 193^* Dear S i r : Inclosed herewith you " i l l f i n d two mimeographed s t a t e m e n t s , X-8003-a and X-8003-b, covering in d e t a i l operations of the main l i n e s , Leased Wire System, during the month of August, 193^* P l e a s e c r e d i t the amount payable by your bank f o r your share of the expense of the Leased Tire System, to the Federal Reserve Bank of Richmond i n your d a i l y statement of c r e d i t s through the Gold Settlement Fund f o r the account of the Federal Reserve Board, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the c r e d i t . Very t r u l y yours, F i s c a l Agent. Inclosures. TO GOVERNORS OF ALL F. R. BAMS. REPORT SHOWISB CLASSIFICATION AED HJISER OF 70KDS TRANSMITTED OVER ilAIF LI1JES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1934. Business reported by banks From Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San F r a n c i s c o Total, 30,634 137,817 27,325 51,722 49,701 49,003 84,300 65,802 35,375 67,936 53,417 86,044 739,076 F. R. Board b u s i n e s s Words sent by Hew York c h a r g e a b l e t o other F. R. Banks ( l ) 1,175 - 1,313 1,187 1,262 1,264 1,415 1,384 1,259 1,180 2,430 2,733 16,602 Met F e d e r a l reserve bank business 31,809 137,817 28,638 52,909 50,963 50,267 85,715 67,186 36,634 69,116 55,847 88,777 755,678 362,788 X-8003-a Per cent of t o t a l bank b u s i n e s s ( * ) 4.21 18.24 3.79 7.00 6.74 6.65 11.34 8.89 4.85 9.15 7.39 11.75 100.00 1,118,466 Reimbursable b u s i n e s s Incoming & Outgoing T o t a l r o r d s t r a n s m i t t e d over main l i n e s (*) These p e r c e n t a g e s used i n 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 vrire expense a s sharrn on the accompanying statement (X-S003~b). (l) Kumber of Tords s e n t by l?ev 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 t o banks i n d i c a t e d i n accordance » i t h a c t i o n taken a t Governors 1 Conference November 2 - 4 , 1925. 659,738 1,778,204 c: X-8003-b REPORT OF EXPE7S3S MAIF LIKES FEDERAL RESERVE LEASED TCEE SYSTEM, AUGUST, 193%. Uame of Bank Operators 1 Salaries Retirement Contributions $260.00 $ 23.40 Boston 121.12 New York 1,345.80 Philadelphia 20.25 225.00 27.60 Cleveland 306.66 190.00 Richmond 17.10 24.30 270.00 Atlanta Chicago 4 , 5 0 0 . 3 0 ( f ) 382.04 St. Louis 195.00 17.55 18.00 200.00 Minneapolis Kansas City 287.00 25.83 Dallas 251.00 22.59 34.20 San Francisco 350.00 — Federal Reserve Bd. Total $8,410.76 $733-98 Less Reimbursable Charges: (&) (#) (*) (a) 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 Account reimbursable to Chicago http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis i Operators' overtime $ - Wire rental Total exoenses $253.40 $661.44 1,466.92 2,865.73 245.25 595-46 — 334.26 1,099.79 1,058.94 230.00C&) 437.IO — 1,044.80 294.30 4,882.34 1,781.66 212.55 1,396.73 218.00 762.00 312.83 1,437.58 1,161.06 273.59 — 414.20 1,846.07 — 15,603.96 15,603.96 $24,976.70 $15,711.26 $15,833.96 $ - — — — - - $ - Pro rata share of total expenses 9,267.44 415,711.2& Credits Payable to Federal Reserve Board $283.40 1,466.92 245.25 334.26 437.IO 294.30 4,882.34 212.55 218.00 312.83 273.59 414.20 $378.04 1,398.81 350.21 765.53 621.84 750.50 3,100.68(*) 1,184.18 544.00 1,124.75 887.47 1,431.87 «• $9,374.74 $9,437.20 3,100.68(a) *5,335.58 l-^